Fly News Breaks for August 7, 2019
Aug 7, 2019 | 17:33 EDT
Barclays analyst Tim Long initiated Arista Networks with an Overweight rating and a price target of $284. The analyst believes that the company can continue to gain market share in data center switching in spite of slower industry growth, with 100G technology lasting longer and 400G representing an upgrade cycle. Long also notes that Arista Networks continues to grow its routing business.
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