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ANET

Arista Networks

$222.23

-0.09 (-0.04%)

14:30
10/15/18
10/15
14:30
10/15/18
14:30

Arista Networks not commenting on alleged Pentagon win

In a research note this morning, William Blair analyst Jason Ader said he recently learned from a federal value-added re-seller contact that Arista Networks (ANET) has won a multiyear award with the Department of Defense for the unclassified piece of the Pentagon network. Contacted by The Fly, a spokesperson for the company said Arista had "no comment." In afternoon trading, shares of Arista Networks are fractionally down to $221.89.

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  • 01

    Nov

ANET Arista Networks
$222.23

-0.09 (-0.04%)

10/15/18
WBLR
10/15/18
NO CHANGE
WBLR
Outperform
Arista higher after William Blair uncovers 'game-changing' Pentagon win
William Blair analyst Jason Ader says he recently learned from a federal value-added reseller contact that Arista Networks (ANET) has won a multiyear award with the Department of Defense for the unclassified piece of the Pentagon network, which encompasses 80,000 ports across multiple facilities. Shares of Arista Networks are up 3%, or $7.13, to $229.50 in premarket trading. The analyst's contact estimates the size of the contract at roughly $100M over multiple years, shared among Arista, Aruba, and the VAR. The contract win was a competitive displacement of Cisco Systems (CSCO), and includes Arista for core switching and routing, and Aruba for edge switching, Ader tells investors in a research note. He points out that the award is currently under protest by Cisco. While the deal by itself "should be a needle-mover" for Arista, it also represents a "game-changing development for the company in the U.S. federal vertical, where it has had very limited penetration historically," Ader contends. He believes the win "could open many new doors in the future" for Arista, both in Department of Defense and other government agencies. Ader reiterates an Outperform rating on Arista.
10/11/18
JPMS
10/11/18
NO CHANGE
Target $255
JPMS
Neutral
Arista Networks price target lowered to $255 from $287 at JPMorgan
JPMorgan analyst Samik Chatterjee lowered his price target for Arista Networks to $255 following a closer look at data center capital spending trends for the top four U.S. cloud service providers. This led the analyst to believe that 2019 is likely to be a year of increasing consumption/utilization in conjunction with a slower pace of investments in data centers. He thinks capex could decline 4% year-over-year in 2019, "moderating the strong top-line growth demonstrated by Arista in the past." The analyst trimmed his estimates for the company and keeps a Neutral rating on the name.
10/04/18
10/04/18
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. AMC Networks (AMCX) downgraded to Sell from Neutral at Goldman Sachs with analyst Drew Borst saying he expects AMC to underperform peers and his price target implies 8% downside to current levels. 2. Atlassian (TEAM) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Keith Weiss saying he believes the roughly 100% year-to-date move in the stock leaves limited near-term upside. 3. Arista Networks (ANET) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Rod Hall saying several catalysts have played out including an inflection in the 100G market, resolution of Cisco (CSCO) lawsuits and product qualifications with key customers. 4. Ameresco (AMRC) downgraded to Neutral from Buy at Roth Capital with analyst Craig Irwin citing the company's announcement of the abrupt departure of CFO John Granara effective immediately. 5. Corporate Capital (CCT) downgraded to Market Perform from Outperform at Wells Fargo, while FS Investment (FSIC) and Solar Capital (SLRC) were downgraded to Market Perform from Outperform. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/18
FBCO
10/04/18
NO CHANGE
Target $311
FBCO
Outperform
Arista Networks price target raised to $311 from $305 at Credit Suisse
Credit Suisse analyst Sami Badri raised his price target for Arista Networks to $311 from $305 saying that based on his industry channel checks, the company is the best positioned network switching vendor in the market, increasing product list prices by about 3.3% versus competitors that are imposing tariff fees as high as about 25% on core networking products. The analyst reiterates an Outperform rating on the shares.

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BYSI

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Goldman Sachs

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CPIX

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EMR

Emerson

$67.21

0.16 (0.24%)

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  • 05

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IAC

IAC

$226.69

-0.5 (-0.22%)

, MTCH

Match Group

$74.00

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ECA

Encana

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WLL

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OAS

Oasis Petroleum

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NBL

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$20.44

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WHD

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KSU

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