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Fly News Breaks for May 5, 2017
ANET
May 5, 2017 | 07:26 EDT
Oppenheimer analyst Ittai Kidron raised his price target for Arista Networks to $160 from $142 after the company delivered strong Q1 results and Q2 guidance ahead of consensus, as its solutions continue to see good market adoption. Further, the analyst believes the outlook is "highly conservative," and sees upside as Arista continues to deliver above target and a non-eventful litigation outcome becomes clearer. He reiterates an Outperform rating on the shares.
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