Arista Networks Keeps Enjoying Soaring Sales
Companies in nearly every industry have realized the value of keeping and analyzing information, and using the power of the cloud has become extremely important for those looking to make the most of their data. Arista Networks (NYSE: ANET) has used an open-source philosophy to fight against big-tech rivals, and many clients appreciate the company's different approach to helping them get more value from their information technology efforts.
Coming into Thursday's third-quarter financial report, Arista shareholders believed that the solid growth the cloud and data center business has seen lately would continue. Arista didn't disappoint on that front, blowing past expectations and seeing a better performance ahead.
Let's look more closely at Arista Networks to see how its results are making people more optimistic about its future.
Source: Fool.com
Arista Networks Stock
Currently there is a rather positive sentiment for Arista Networks with 4 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 298 € is below the current price of 319.55 € for Arista Networks, so the potential is actually -6.74%.
