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Fly News Breaks for May 4, 2018
ANET
May 4, 2018 | 08:13 EDT
RBC Capital analyst Mitch Steves lowered his price target on Arista Networks to $280, saying the company's Q1 earnings were solid across the board, but the management's expectations for the balance of the year were more disappointing. Longer term, Steve keeps his Outperform rating, noting that the company is gaining market share in data center switching and should continue to see growth of 20%-30% relative to high-teens for the industry.
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.
