Evercore ISI is removing the firm’s “Tactical Outperform” call on Arista Networks (ANET) following the company’s September-end quarter report last month, noting that the firm believes the negative stock reaction since the report is “a reflection of forward estimates not moving up in a material manner.” However, the firm continues to believe that networking as a whole will see further outsized growth, with Arista well positioned to benefit, and keeps an Outperform rating and $175 price target on shares.
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