NEW YORK (TheStreet) -- Shares of Arista Networks
(ANET) are higher by 10% after a slew of analysts initiated mostly bullish coverage of the company.
Arista stock was trading at $68.50 on Tuesday at 10:45 a.m.
"It's a faster-growing Cisco Systems
(CSCO)," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Cramer's Mad Dash" segment.
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And while Cramer says that he likes Cisco, which is entering a new phase of growth, Arista Networks "is in the super high-octane growth phase." Plus, it's profitable, which investors like to see.
There's a lot of room in this market, Cramer said, reasoning that everyone seems to want the fastest switches that these companies offer. And right now, Arista Networks has the best.
"Arista Networks goes higher," Cramer concluded.
-- Written by Bret Kenwell in Petoskey, Mich.
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