Arista Networks downgraded to Hold from Buy at Erste Group

Erste Group downgraded Arista Networks (ANET) to Hold from Buy. Arista Networks is building a cross-vendor ecosystem to integrate AI networks with computing infrastructure, supporting high revenue growth in the medium term, though at a slowing pace, the analyst tells investors in a research note. Operating margins are expected to dip slightly next year, and the stock appears expensive, Erste says.