Arista Stocks Rise Higher as Bernstein Sees 23% Ethernet Upside

This article first appeared on GuruFocus. Arista Networks, the cloud-networking and AI-switching company (NYSE:ANET), received an Outperform rating and $250 price target from Bernstein, with shares at $204.77 at 1.20pm ET on October 1, up approximately 0.5%. That target implies roughly 22.1% upside. According to The Fly's report on TipRanks, Bernstein sees networking and optical suppliers benefiting from AI infrastructure spending, with demand still running ahead of supply. Warning! GuruFocus has detected 6 Warning Signs with ORCL. Is ANET fairly valued? Test your thesis with our free DCF calculator.ANET GF Value chart The growth already has numbers behind it. Arista reported second-quarter revenue of $3.036 billion, up 37.