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Fly News Breaks for September 4, 2018
ANET
Sep 4, 2018 | 07:43 EDT
As previously reported, Morgan Stanley analyst James Faucette downgraded Arista Networks to Equal Weight from Overweight, stating that he now sees a more balanced risk/reward over the next twelve months following the stock's 31% advance year-to-date. Investors are likely already anticipating positive estimates revisions over the near-term and the 400G cycle could ramp slightly later than he had originally assumed, Faucette tells investors. He maintains his $310 price target on Arista Networks shares.
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