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ANET

Arista Networks

$249.29

0.02 (0.01%)

, NTNX

Nutanix

$57.34

0.15 (0.26%)

07:51
05/17/18
05/17
07:51
05/17/18
07:51

Cisco results bode well for Arista, Nutanix and Palo Alto, says JMP Securities

JMP Securities analyst Erik Suppiger said Cisco (CSCO) noted strength in data center and campus switching in its Q3 earnings report, which suggests to him that demand trends are favorable for Arista Networks (ANET). In the DC business, Cisco noted it grew double digits year-over-year driven by its hyperconverged infrastructure product, which Suppiger sees pointing to favorable demand for Nutanix (NTNX). Additionally, security sales re-accelerated in the quarter to double-digit growth for the first time in over a year, which the analyst reads as a favorable trend for Palo Alto Networks (PANW). On Cisco itself, Suppiger said he sees the stock as fairly valued and he maintains a Market Perform rating on the shares.

ANET

Arista Networks

$249.29

0.02 (0.01%)

NTNX

Nutanix

$57.34

0.15 (0.26%)

PANW

Palo Alto Networks

$199.67

-2.6 (-1.29%)

CSCO

Cisco

$45.16

-0.32 (-0.70%)

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ANET Arista Networks
$249.29

0.02 (0.01%)

05/07/18
MKMP
05/07/18
NO CHANGE
Target $270
MKMP
Neutral
Arista Networks price target lowered to $270 from $285 at MKM Partners
MKM Partners analyst Michael Genovese lowered his price target on Arista Networks to $270, saying that while the company's Q1 results topped consensus, the magnitude of the beat appears to be decelerating. The analyst further notes that Arista Networks' revenue grew over 40% in the first half of the year, but growth for the rest of 2018 is projected to be in the mid-20s percentile, and the performance of the Cloud Titan mix has reduced gross margins to levels below the usual. Genovese keeps his Neutral rating on Arista Networks.
05/04/18
SBSH
05/04/18
NO CHANGE
Target $300
SBSH
Buy
Arista Networks earnings pullback a buying opportunity, says Citi
Citi analyst Jim Suva recommends using the post-earnings weakness in shares of Arista Networks as a buying opportunity. In a research note titled "We have seen this before....Buy Arista," the analyst says he continues to focus on the company's fundamentals. Arista posted "impressive growth" as sales grew 41% year-over-year and while the company mentioned the remaining quarters should be on average closer to mid-20% growth, this is just managing expectations, Suva contends. He lowered his price target for the shares to $300 from $340 and keeps a Buy rating on Arista Networks.
05/04/18
DBAB
05/04/18
NO CHANGE
Target $180
DBAB
Buy
Arista Networks price target lowered to $180 from $195 at Deutsche Bank
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.
05/04/18
RBCM
05/04/18
NO CHANGE
Target $280
RBCM
Outperform
Arista Networks price target lowered to $280 from $295 at RBC Capital
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.
NTNX Nutanix
$57.34

0.15 (0.26%)

03/23/18
GSCO
03/23/18
DOWNGRADE
Target $59
GSCO
Buy
Nutanix downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Rod Hall removed Nutanix from his firm's Americas Conviction List with the stock up 46% since the Q2 earnings report on March 1. The analyst keeps a Buy rating on the shares with a $59 price target. He continues to believe Nutanix is in the "early innings" of a transition toward a software-centric business model, which should drive upside in both revenue and gross margins.
05/15/18
OPCO
05/15/18
NO CHANGE
Target $70
OPCO
Outperform
Nutanix price target raised to $70 from $65 at Oppenheimer
Oppenheimer analyst Ittai Kidron raised his price target for Nutanix to $70 from $65 saying he came away from its .NEXT conference with increased confidence in its growth prospects, customer dynamics, and ability to execute on its software transition and product road map. The analyst reiterates an Outperform rating on the shares.
04/30/18
WBLR
04/30/18
NO CHANGE
WBLR
Outperform
Nutanix selloff Friday a buying opportunity, says William Blair
William Blair analyst Jason Ader views the pullback Friday in shares of Nutanix following a Bloomberg report as a buying opportunity. Nutanix's stock was down about 6% on Friday after Bloomberg suggested the company is having engineering delays with its Xi hybrid cloud offering, Ader tells investors in a research note. While it is true that Xi has been delayed from its original Q1 timeline, Nutanix management already communicated this at the company's analyst day earlier this month, the analyst contends. Ader notes that he has zero contribution in his estimates for Xi this fiscal year. He keeps an Outperform rating on Nutanix.
05/10/18
WELS
05/10/18
NO CHANGE
Target $65
WELS
Outperform
Nutanix price target raised to $65 from $60 at Wells Fargo
Wells Fargo analyst Aaron Rakers raised his price target for Nutanix to $65 from $60 after the company provided a positive overview of its long-term invisible hybrid cloud OS vision. The analyst reiterates an Outperform rating on the shares.
PANW Palo Alto Networks
$199.67

-2.6 (-1.29%)

04/10/18
JPMS
04/10/18
NO CHANGE
JPMS
JPMorgan positive on Palo Alto acquisition of Secdo
JPMorgan analyst Sterling Auty said the acquisition of Secdo by Palo Alto Networks "should further bridge the gap between Traps and other next-gen endpoint vendors," and noted that Palo Alto has done a great job historically integrating acquired technologies. Auty sees the financial contribution of the acquisition being immaterial, and maintained an Overweight rating on Palo Alto shares.
04/11/18
04/11/18
DOWNGRADE
Target $53

Equal Weight
Fortinet downgraded to Equal Weight from Overweight at Morgan Stanley
As previously reported, Morgan Stanley analyst Melissa Franchi downgraded Fortinet (FTNT) to Equal Weight from Overweight, stating that she favor security vendors who are exposed to markets where the cloud drives higher security spending and have optimal business models for the cloud. While Fortinet shares are not expensive, she believes a discount is warranted as its hardware-oriented business model is less well positioned than Cisco (CSCO) and Palo Alto Networks (PANW), Franchi tells investors. She has a $53 price target on Fortinet shares.
04/11/18
04/11/18
NO CHANGE

Market mispricing cloud security opportuntity, says Morgan Stanley
Morgan Stanley analyst Melissa Franchi noted that the average security stock has significantly underperformed the broader software space over the past 3 years, which she attributes to bearishness on security vendors' ability to navigate the increased competitive threat from public cloud vendors and disruption as enterprises turn to decentralized and cloud-heavy architectures. However, her CIO survey work and industry conversations lead her to estimate third-party security vendors will realize 9% topline growth through 2020, while the consensus is only pricing in 5%. Franchi said she favors security vendors who are exposed to markets where the cloud drives higher security spending and have optimal business models for the cloud and identified Palo Alto Networks (PANW), Cisco (CSCO), Proofpoint (PFPT) and Sophos (SPHHF) as well-positioned vendors poised for outperformance. As previously reported, she also downgraded Fortinet (FTNT) to Equal Weight this morning.
04/30/18
GABE
04/30/18
DOWNGRADE
GABE
Hold
Palo Alto Networks downgraded to Hold citing valuation at Gabelli
Gabelli analyst Hendi Susanto downgraded Palo Alto Networks to Hold from Buy with a $188 private market value citing valuation
CSCO Cisco
$45.16

-0.32 (-0.70%)

05/17/18
UBSW
05/17/18
NO CHANGE
Target $51
UBSW
Buy
Cisco business model progress encouraging, says UBS
UBS analyst Steven Milunovich noted Cisco's results were in-line, with revenue growth and EPS slightly ahead of consensus. He views public cloud and competition as headwinds, but finds the business model and culture changes as encouraging. Milunovich reiterated his Buy rating and $51 price target on Cisco shares.
05/17/18
FBCO
05/17/18
NO CHANGE
Target $41
FBCO
Neutral
Cisco in transition in shift towards recurring revenue model, says Credit Suisse
Credit Suisse analyst Sami Badri maintained a Neutral rating and $41 price target on Cisco Systems following the company's in-line Q3 results, which were driven by product revenue, which increased 4.7% year-over-year, outpacing services revenue growth of 3.4% y/y. In a research note to investors, Badri called out Cisco as "the leading and most dominant player" across several communications and networking markets, but stressed that the company remains in transition as its business is shifted towards a more software/recurring revenue model.
05/17/18
JPMS
05/17/18
NO CHANGE
Target $58
JPMS
Overweight
Cisco should be bought on post-earnings selloff, says JPMorgan
JPMorgan analyst Samik Chatterjee recommends buying shares of Cisco Systems on the selloff post last night's Q3 results. The company "demonstrated strong execution" as it reported revenue growth, operating margin, and earnings, all marginally above consensus expectations and toward the high-end of issued guidance, Chatterjee tells investors in a research note. The analyst raised his price target for the shares to $58 from $57 and keeps an Overweight rating on Cisco.
05/17/18
BARD
05/17/18
NO CHANGE
Target $51
BARD
Outperform
Cisco weakness a buying opportunity, says Baird
Baird analyst Jayson Noland said Cisco posted a solid quarter on nearly all metrics and recommended buying the dip in the shares. The analyst said the selloff was due in part to high expectations against its in-line Q4 guidance. Noland reiterated his Outperform rating and $51 price target on Cisco shares.

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