On September 17, Arista Networks rose 3.13% in regular trading, trading at $203.435/share with turnover of $188 million, marking the third consecutive session of gains following a sharp selloff earlier in the week.

The rally continues to be supported by the upcoming inclusion of Arista Networks into the S&P 100 Index, with the adjustment set to take effect on September 21. The anticipated passive fund reallocation has provided sustained buying momentum. Additionally, Goldman Sachs recently initiated a Buy rating on the stock with a 12-month price target of $225, based on a 36x NTM+1Y forward P/E valuation, implying approximately 10% upside from current levels. Multiple other Wall Street firms, including Morgan Stanley (Overweight, PT $220), Evercore ISI (PT $250), and BNP Paribas (Outperform, PT $248), have also maintained bullish stances following a strong Q2 earnings beat where revenue reached a record $3.04 billion and adjusted EPS of $1.02 significantly exceeded the $0.89 consensus.

Within the Communication Equipment sector, broad-based strength persisted, with Ciena up 8.45%, Nokia up 6.66%, Applied Optoelectronics up 5.04%, and Cisco up 1.87%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)