What's Going On With Arista Networks Stock Today?
Portfolio Pulse from Ryan Gustafson
Arista Networks, Inc. (NYSE:ANET) shares are trading lower despite JMP Securities analyst raising the company's price target from $165 to $200 and Rosenblatt analyst maintaining the $175 price target. The company is set to report Q2 earnings on July 31, expecting earnings of $1.44 per share and revenue of $1.38 billion.
July 26, 2023 | 7:58 pm
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NEGATIVE IMPACT
Despite positive analyst ratings, Arista Networks' stock is trading lower. The upcoming Q2 earnings report could influence the stock's performance.
Despite the raised price target by JMP Securities and the maintained price target by Rosenblatt, Arista Networks' stock is trading lower. This indicates that the market may not fully agree with the analysts' positive outlook. The upcoming Q2 earnings report could be a significant factor in the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100