Arista Networks (ANET) Moves On Wells Fargo Initiation with $235.0 Target; Pimco Income Strategy Fund II Has 0.88 Sentiment

November 15, 2017 - By wolcottdaily

PIMCO Income Strategy Fund II is a closed-end management investment company. The company has market cap of $604.03 million. The Fund’s primary investment objective is to seek high current income, consistent with the preservation of capital. It currently has negative earnings. The Fund allocates assets in varying proportions among floating- and fixed-rate debt instruments, as well as among investment grade and non-investment-grade securities.

Among 32 analysts covering Arista Networks (NYSE:ANET), 16 have Buy rating, 0 Sell and 16 Hold. Therefore 50% are positive. Arista Networks has $230 highest and $10 lowest target. $163.72’s average target is -28.19% below currents $228 stock price. Arista Networks had 102 analyst reports since July 29, 2015 according to SRatingsIntel. The company was initiated on Wednesday, January 27 by Citigroup. The firm earned “Buy” rating on Thursday, June 15 by BMO Capital Markets. The rating was downgraded by Instinet on Friday, April 7 to “Neutral”. The rating was maintained by Barclays Capital with “Overweight” on Friday, August 4. Credit Suisse maintained the shares of ANET in report on Friday, May 26 with “Hold” rating. The firm earned “Buy” rating on Friday, November 3 by Needham. The rating was maintained by KeyBanc Capital Markets with “Buy” on Thursday, September 28. Credit Suisse maintained it with “Hold” rating and $14000 target in Friday, June 2 report. JP Morgan initiated Arista Networks Inc (NYSE:ANET) rating on Friday, May 13. JP Morgan has “Neutral” rating and $67 target. Stifel Nicolaus maintained Arista Networks Inc (NYSE:ANET) rating on Friday, February 17. Stifel Nicolaus has “Buy” rating and $125 target.

Graybill Bartz & Assoc Ltd holds 2.22% of its portfolio in Pimco Income Strategy Fund II for 269,654 shares. Addison Capital Co owns 105,721 shares or 0.88% of their US portfolio. Moreover, First Foundation Advisors has 0.4% invested in the company for 647,088 shares. The New York-based National Asset Management Inc. has invested 0.24% in the stock. Horizon Kinetics Llc, a New York-based fund reported 634,766 shares.

It closed at $10.22 lastly. It is down 17.88% since November 15, 2016 and is uptrending. It has outperformed by 1.18% the S&P500.

Analysts await Arista Networks Inc (NYSE:ANET) to report earnings on February, 15. They expect $1.22 EPS, up 35.56% or $0.32 from last year’s $0.9 per share. ANET’s profit will be $88.82 million for 46.72 P/E if the $1.22 EPS becomes a reality. After $1.37 actual EPS reported by Arista Networks Inc for the previous quarter, Wall Street now forecasts -10.95% negative EPS growth.

About 2,716 shares traded. Arista Networks Inc (NYSE:ANET) has risen 111.25% since November 15, 2016 and is uptrending. It has outperformed by 94.55% the S&P500.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.