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Fly News Breaks for February 16, 2018
CSCO, ANET
Feb 16, 2018 | 06:36 EDT
DA Davidson analyst Mark Kelleher raised his price target on Arista Networks (ANET) to $300 after Q4 results, saying the company offers "good traction" in cloud data centers and an "unabated march" on Cisco (CSCO) market share through a "storm of patent litigation". Kelleher believes that Arista Networks can have "years of strong growth" and market share gains, having launched its new router products. The analyst keeps his Buy rating.