RBC Capital analyst Robert Muller maintained a Hold rating on Arista Networks (NYSE:ANET) on Tuesday, setting a price target of $325, which is approximately 2.50% above the present share price of $317.07.
Muller expects Arista Networks to post earnings per share (EPS) of $2.22 for the first quarter of 2021.
The current consensus among 19 TipRanks analysts is for a Moderate Buy rating of shares in Arista Networks, with an average price target of $303.6.
The analysts price targets range from a high of $351 to a low of $240.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $605.43 million and a net profit of $188.4 million. The company's market cap is $23.99 billion.
According to TipRanks.com, RBC Capital analyst Robert Muller is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 47.2% and a 86.21% success rate.
Arista Networks, Inc. engages in the development, marketing, and sale of cloud networking solutions. Its cloud networking solutions consist of Extensible Operating System(EOS) a set of network applications and Ethernet switching and routing platforms. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in October 2004 and is headquartered in Santa Clara, CA.