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Fly News Breaks for December 6, 2018
ANET
Dec 6, 2018 | 06:38 EDT
As previously reported, BofA/Merrill upgraded Arista Networks to Buy from Neutral and maintained a $300 price target citing valuation. Analyst Tal Liani sees signficant long-term earnings power over the next few years through adjacent markets expansion in Campus switching, Routing, Wireless LAN, SD-WAN, and DCI. The analyst sees product revenues more than doubling to $4.5B-$5B in 2022 from $1.8B in 2018.
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