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Fly News Breaks for February 14, 2020
Feb 14, 2020 | 06:49 EDT
JMP Securities analyst Erik Suppiger raised his price target on Arista Networks to $240 and kept his Outperform rating after its Q4 earnings beat. The analyst notes that while the company is guiding Q1 revenue below consensus as "web titans" have slashed their capex forecasts, its next two verticals - enterprise and financials - will partially offset that decline. Suppiger adds that Arista's "healthy progress" in strategic expansion into the campus market is encouraging.
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