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ANET

Arista Networks

$245.82

-23.07 (-8.58%)

14:25
04/13/18
04/13
14:25
04/13/18
14:25

Arista Networks shares 'overreacting' to well-known concerns, says KeyBanc

KeyBanc analyst Alex Kurtz attributes Arista Networks' pullback today to an overreaction to "well-known concerns" related to its Cloud Titan vertical, which he notes represents about 30% of revenue. He believes Arista's mid-20% revenue growth guidance for 2018 has taken into account an elevated-level of cloud spending as well as the limited order visibility from the cloud vertical, Kurtz tells investors. He recommends using the weakness as a buying opportunity and maintains an Overweight rating and $295 price target on Arista shares.

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ANET Arista Networks
$245.82

-23.07 (-8.58%)

03/19/18
03/19/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Arista Networks (ANET) downgraded to Sell from Hold at Deutsche Bank with analyst Vijay Bhagavath saying he is more cautious on the company's beat and raise story after his primary research indicated volatility in product orders. 2. GrubHub (GRUB) downgraded to Hold from Buy at Stifel with analyst John Egbert citing valuation as near-term risk/reward appears balanced at current levels. 3. Akcea Therapeutics (AKCA) downgraded to Market Perform from Outperform at Wells Fargo with analyst Jim Birchenough saying he sees the shares as fairly valued ahead of the expected volanesorsen approval and launch by July 6. 4. Zoetis (ZTS) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst David Risinger saying shares are approaching his $87 price and now sees more balanced risk/reward. 5. Suburban Propane (SPH) and AmeriGas (APU) were downgraded to Underweight from Neutral at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/09/18
PIPR
04/09/18
NO CHANGE
PIPR
Overweight
Piper networking channel survey 'very positive' for Cisco
Piper Jaffray analyst James Fish collected feedback from 43 networking channel partners for a Q1 channel survey. Overall results were mixed across the sector but "very positive" for Cisco Systems (CSCO), Fish tells investors in a research note. Cisco had 43% of partners above plan and only 3% below plan, with strong Q2 seasonality, the analyst writes. Further, he points out that results for Arista Networks (ANET) suggest upside to guidance amid increasing router sales. Results for F5 Networks (FIIV) were mixed, while Juniper Networks (JNPR), Mellanox (MLNX) and NetScout (NTCT) were weak, Fish adds. He calls Cisco his number one draft pick.
04/13/18
CLVD
04/13/18
DOWNGRADE
CLVD
Neutral
Arista Networks downgraded to Neutral from Buy at Cleveland Research
04/13/18
04/13/18
DOWNGRADE

Neutral
Arista Networks downgraded to Neutral, estimates reduced at Cleveland Research
As previously reported, Cleveland Research downgraded Arista Networks (ANET) to Neutral from Buy. Analyst Ben Bollin expects results near-term to be more in line and reduced FY18 earnings forecast to $7.06 from $7.62 and revenue growth to +29% from +33% prior. Bollin said Hyperscale customers are likely to have slower growth given some shifts towards whitebox and Cisco (CSCO) price aggression. However, the analyst notes feedback suggests additional share gain in enterprise and service provider and sees Amazon (AMZN) as a potential new customer with 400GB investment, but not until 2019 or later.

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General news
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Citizens Community Bancorp

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RSLS

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