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Fly News Breaks for February 1, 2016
ANET
Feb 1, 2016 | 06:38 EDT
Deutsche Bank analyst Vijay Bhagavath lowered his price target for Arista Networks to $82 ahead of the company's Q4 results on February 18. The analyst sees "slight risk" to Arista's Q1 guidance relative to consensus and trimmed his FY16 and FY17 estimates to reflect incremental weakness in technology spending at the major U.S. financial services and technology firms. Bhagavath keeps a Buy rating on the name.
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