15 AI News You Missed This Week

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11. Arista Networks, Inc. (NYSE:ANET)

Market Capitalization: $124 Billion

Arista Networks, Inc. (NYSE:ANET) engages in the development, marketing, and sale of data-driven, client-to-cloud networking solutions for data center, campus, and routing environments. On November 8, Barclays raised the price target on the stock to $495 from $341 and kept an Overweight rating on the shares. The company beat Q3 estimates and guided next year to 15%-17%, slightly lower than expectations but likely conservative, the advisory told investors in a research note. The advisory was encouraged by Arista’s artificial intelligence ramp as well as share gains in campus and routing.

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