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Fly News Breaks for April 13, 2018
ANET
Apr 13, 2018 | 14:25 EDT
KeyBanc analyst Alex Kurtz attributes Arista Networks' pullback today to an overreaction to "well-known concerns" related to its Cloud Titan vertical, which he notes represents about 30% of revenue. He believes Arista's mid-20% revenue growth guidance for 2018 has taken into account an elevated-level of cloud spending as well as the limited order visibility from the cloud vertical, Kurtz tells investors. He recommends using the weakness as a buying opportunity and maintains an Overweight rating and $295 price target on Arista shares.
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