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Fly News Breaks for August 5, 2016
ANET
Aug 5, 2016 | 07:14 EDT
After Arista reported stronger than expected Q2 results and provided in-line Q3 guidance, JMP Securities analyst Erik Suppiger says that the company is on the verge of launching new products that will provide it with key positive catalysts. The analyst says he would view any weakness in the stock today as a buying opportunity. He raised his price target on the shares to $87 from $82 and keeps an Outperform rating.
News For ANET From the Last 2 Days
ANET
Apr 24, 2024 | 10:26 EDT
Bullish option flow detected in Arista Networks with 2,900 calls trading, 1.7x expected, and implied vol increasing almost 2 points to 56.57%. Nov-24 270 calls and 4/26 weekly 275 calls are the most active options, with total volume in those strikes near 770 contracts. The Put/Call Ratio is 0.64. Earnings are expected on May 7th.
