Evercore ISI is adding Arista Networks (ANET) to the firm’s list “Tactical Outperform” ahead of March quarter earnings due on May 5 as the firm thinks the company is well positioned to benefit from accelerated investment cycles and strong competitive positioning in networking. The firm expects near-term upside with Arista beating revenue and EPS expectations of of $2.61B and 81c, respectively, due to better AI demand and sustained traction on the enterprise front, adds the analyst, who has an Outperform rating and $200 price target on shares.
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