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Fly News Breaks for August 2, 2019
ANET
Aug 2, 2019 | 15:05 EDT
JMP Securities analyst Erik Suppiger maintained a Market Outperform rating on Arista Networks, but lowered his price target on shares to $280 from $315 after the company reported Q2 earnings results and Q3 guidance. The analyst lowered his estimates following the report, and trimmed his price target to reflect a reduced price-earnings multiple of 27x, with the prior multiple being 30x.
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