|Bid||32.610 x 1400|
|Ask||32.620 x 3000|
|Day's Range||32.390 - 32.750|
|52 Week Range||29.120 - 34.600|
|PE Ratio (TTM)||17.09|
|Dividend & Yield||1.16 (3.58%)|
|1y Target Est||N/A|
Shares of networking equipment vendor Arista Networks (ANET) are up $5.45, or 3%, at $187.17, after Morgan Stanley’s James Faucette raises his rating on the shares to Overweight from Equal Weight, and jacks his price target to $210 from $125, writing that he’s having to “eat humble pie” about his reservations on the company before. Faucette now believes the company will have a “time to market advantage” because of its software running on its switches, which will help it to capture the 400-gigabit-per-second market from Cisco Systems (CSCO) and others. Basically, Arista’s going to have a lot more market share and a lot higher margins, than he thought.
Morgan Stanley analyst James Faucette upped his price target on Arista, a member of IBD's Leaderboard, to 210 from 125.
Cisco Systems (CSCO) has returned 6.5% since the start of 2017, and 5.5% in the trailing-12-month period. Cisco stock has risen 7.1% in the last month, and 1% in the…