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Fly News Breaks for May 4, 2018
ANET
May 4, 2018 | 07:34 EDT
Deutsche Bank analyst Vijay Bhagavath lowered his price target for Arista Networks to $180 and reiterates a Sell rating on the shares. The company's track record of solid beats and raise is "starting to sputter," Bhagavath tells investors in a post-earnings research note. He believes has posted two quarters in a row of "lackluster" sales guidance and a sequential downtick in gross margins.
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