Arista double downgraded by Rosenblatt on valuation concerns

Arista Networks News

Arista double downgraded by Rosenblatt on valuation concerns
Rosenblatt SecuritiesRosenblatt
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Shares of Arista Networks (ANET) are declining after receiving a downgrade from Rosenblatt Securities. The investment firm double downgraded the stock...

Investors are watching for the giant banks to demonstrate how they benefit if interest rates remain higher than expected this year) are declining after receiving a downgrade from Rosenblatt Securities . The investment firm double downgraded the stock, moving it to Sell from Buy. Rosenblatt cites concerns that Arista's valuation multiple will shrink as the analysts believe the company's artificial intelligence opportunity is unlikely to drive significant growth.

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