Cloud Networking Strength Lifts Arista Skyward
Data centers have become increasingly important for companies to be able to collect and analyze the information they have about their businesses. Arista Networks (NYSE: ANET) has gone up against some true giants of the technology sector, but its claim to fame has been the flexibility that its use of open-source software offers to its clients. That stands in stark contrast to some competitors, which have sought to capture customers in proprietary platforms that make it difficult to switch providers later.
Coming into Thursday's second-quarter financial report, Arista shareholders fully expected the company to keep taking advantage of the boom in cloud computing with stronger results. Yet even bullish investors were surprised at how well Arista did. Let's take a closer look at Arista Networks and what its latest results mean for the rest of the year and beyond.
Image source: Arista Network.
Source: Fool.com
Arista Networks Stock
Arista Networks is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
As a result the target price of 282 € shows a slightly positive potential of 10.63% compared to the current price of 254.9 € for Arista Networks.
