NEW YORK (TheStreet) -- Shares of Arista Networks, Inc. (ANET) are up 3.37% to $83.99 in pre-market trading Monday after the company had its rating raised to "buy" from "hold" by analysts at Stifel Nicolaus this morning.
Analysts at Stifel set a price target at $95.
The firm said its checks indicate that the company continues to obtain large deals from major financial services companies.
Also, analysts at RBC Capital said Arista has gained share, and may perform well in the Asian market going forward.
RBC Capital maintained its "outperform" rating with a $90 price target, but added that the stock may perform better following the company's lock-up expiration.
Santa Clara, CA-based Arista Networks is a supplier of cloud networking solutions for Internet companies and uses software to address their needs.
Shares of Arista Networks closed at $81.25 on Friday.