Needham Reiterates a “Buy” Rating on Arista Networks (ANET) and $315.0000 Target; BRILLIANCE CHINA AUTOMOTIVE ORDINARY SHA (BCAUF) SI Decreased By 1.6%

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The financial firm have set target of $315.0000 on Arista Networks (NYSE:ANET) shares. This is 28.55% from the previous stock close. In a report issued on Friday morning, Needham reaffirmed their “Buy” rating on shares of ANET.

BRILLIANCE CHINA AUTOMOTIVE ORDINARY SHA (OTCMKTS:BCAUF) had a decrease of 1.6% in short interest. BCAUF’s SI was 20.46M shares in May as released by FINRA. Its down 1.6% from 20.79M shares previously. With 2,700 avg volume, 7578 days are for BRILLIANCE CHINA AUTOMOTIVE ORDINARY SHA (OTCMKTS:BCAUF)’s short sellers to cover BCAUF’s short positions. It closed at $1.765 lastly. It is down 0.00% since May 6, 2017 and is . It has underperformed by 11.55% the S&P500.

More notable recent Arista Networks, Inc. (NYSE:ANET) news were published by: Seekingalpha.com which released: “Arista Networks -8.6% alongside dimming margins” on May 03, 2018, also Seekingalpha.com with their article: “Arista Networks: The Time Has Come” published on April 25, 2018, Streetinsider.com published: “After-Hours Stock Movers 05/03: (CVGI) (VIAV) (SHAK) Higher; (FLR) (ANET) (TSRO) Lower (more…)” on May 03, 2018. More interesting news about Arista Networks, Inc. (NYSE:ANET) were released by: Nasdaq.com and their article: “Why Fluor, Arista Networks, and Appian Slumped Today” published on May 04, 2018 as well as Benzinga.com‘s news article titled: “8 Biggest Price Target Changes For Friday” with publication date: May 04, 2018.

Arista Networks, Inc. supplies cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company has market cap of $18.22 billion. The companyÂ’s cloud networking solutions consist of its Extensible Operating System and a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products. It has a 45.81 P/E ratio. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services.

Among 36 analysts covering Arista Networks (NYSE:ANET), 17 have Buy rating, 1 Sell and 18 Hold. Therefore 47% are positive. Arista Networks has $340 highest and $10 lowest target. $228.12’s average target is -6.91% below currents $245.05 stock price. Arista Networks had 133 analyst reports since July 29, 2015 according to SRatingsIntel. The company was initiated on Wednesday, January 6 by JP Morgan. Piper Jaffray maintained it with “Hold” rating and $268.0 target in Friday, February 16 report. Goldman Sachs initiated it with “Buy” rating and $320.0 target in Tuesday, February 6 report. The stock has “Hold” rating by RBC Capital Markets on Tuesday, July 11. The stock has “Hold” rating by J.P. Morgan on Thursday, May 3. The firm has “Buy” rating by Citigroup given on Friday, March 9. The firm earned “Buy” rating on Friday, November 3 by DA Davidson. The company was maintained on Friday, August 26 by Citigroup. On Tuesday, January 23 the stock rating was downgraded by Deutsche Bank to “Hold”. Needham maintained the stock with “Buy” rating in Friday, April 7 report.

The stock decreased 8.51% or $22.8 during the last trading session, reaching $245.05. About 3.39 million shares traded or 142.33% up from the average. Arista Networks, Inc. (NYSE:ANET) has risen 91.94% since May 6, 2017 and is uptrending. It has outperformed by 80.39% the S&P500.

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