Arista Networks faces stock drop and analyst downgrade despite better-than-expected earnings.

A recent downgrade by Evercore ISI and a drop in stock price have affected Arista Networks, despite reporting better-than-expected earnings. Evercore lowered its price target but maintains an "outperform" rating. Other firms, including Stonehaven Wealth & Tax Solutions and Zacks Investment Management, have increased their stock holdings. Analysts predict a 2.2 EPS for the year, with a consensus "Moderate Buy" rating and a target price of $104.29.