Argus analyst Jim Kelleher kept his Buy rating and $320 price target on Arista Networks (ANET), saying that while the company offered a "generally upbeat" presentation at its June 6th investor day, the stock price fell about 4% on a "more cautious growth outlook." The analyst notes however that Arista's announced campus strategy refinement and expanded partnership with Microsoft (MSFT) Azure highlight the widening of its available market. Kelleher adds that the company's stock price was also "slammed" by about 15% after its Q1 earnings in May, but sees the decline as an opportunity to add to positions as Arista works through the "digestive phase" in 2019 and positions itself for strong growth among "cloud titans" resuming in 2020.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Shares of Walmart-backed (WMT) Ibotta soared in their market debut, rising more than 30% and giving the digital marketing company a valuation of about $3. 55B... To see the rest of the story go to thefly.com. See Story Here