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Fly News Breaks for April 17, 2018
ANET
Apr 17, 2018 | 09:19 EDT
JMP Securities analyst Erik Suppiger blames investor concerns over growth in demand for the underperformance of Arista Networks shares since prior to its last earnings call, but he views the pullback as a buying opportunity ahead of its upcoming report as his checks suggest that Arista continued to experience robust demand in the quarter. He maintain an Outperform rating and $315 price target on Arista shares ahead of the company's report on May 3.
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.
