Arista Networks (ANET) Was Downgraded by DA Davidson to “Neutral”; Shorts at Landec DE (LNDC) Lowered By 6.3%

May 22, 2017 - By Linda Rogers

Landec Corporation DE (NASDAQ:LNDC) had a decrease of 6.3% in short interest. LNDC’s SI was 1.31M shares in May as released by FINRA. Its down 6.3% from 1.40M shares previously. With 82,100 avg volume, 16 days are for Landec Corporation DE (NASDAQ:LNDC)’s short sellers to cover LNDC’s short positions. The SI to Landec Corporation DE’s float is 5.49%. About 23,615 shares traded. Landec Corporation (NASDAQ:LNDC) has risen 17.05% since May 22, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.

Among 27 analysts covering Arista Networks (NYSE:ANET), 12 have Buy rating, 0 Sell and 15 Hold. Therefore 44% are positive. Arista Networks has $160 highest and $10 lowest target. $96.19’s average target is -32.64% below currents $142.8 stock price. Arista Networks had 47 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Arista Networks Inc (NYSE:ANET) has “Buy” rating given on Monday, October 31 by Needham. The rating was upgraded by Oppenheimer to “Outperform” on Monday, January 4. The firm earned “Neutral” rating on Monday, March 27 by Goldman Sachs. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, August 31 report. RBC Capital Markets maintained Arista Networks Inc (NYSE:ANET) rating on Friday, May 6. RBC Capital Markets has “Sector Perform” rating and $70 target. Bank of America downgraded the stock to “Underperform” rating in Monday, June 27 report. The stock has “Buy” rating by DA Davidson on Wednesday, January 25. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, February 17 report. Credit Suisse downgraded Arista Networks Inc (NYSE:ANET) on Friday, April 28 to “Neutral” rating. JP Morgan initiated the stock with “Neutral” rating in Friday, May 13 report.

About 437,150 shares traded. Arista Networks Inc (NYSE:ANET) has risen 111.25% since May 22, 2016 and is uptrending. It has outperformed by 94.55% the S&P500.

Arista Networks, Inc. is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. The company has market cap of $10.33 billion. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software. It has a 46.48 P/E ratio. The Company’s cloud networking solutions consist of its Extensible Operating System , a set of network applications and its Ethernet switching and routing platforms.

Among 4 analysts covering Landec (NASDAQ:LNDC), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Landec had 4 analyst reports since November 18, 2015 according to SRatingsIntel. Wedbush initiated the shares of LNDC in report on Friday, July 8 with “Neutral” rating. As per Monday, January 25, the company rating was upgraded by Sidoti. Maxim Group initiated the shares of LNDC in report on Tuesday, June 7 with “Buy” rating. Wunderlich initiated Landec Corporation (NASDAQ:LNDC) rating on Wednesday, November 18. Wunderlich has “Buy” rating and $18 target.

Since January 31, 2017, it had 0 insider buys, and 6 sales for $979,012 activity. FRANK FRED also sold $42,350 worth of Landec Corporation (NASDAQ:LNDC) on Tuesday, April 11. Midyett Ronald Lane had sold 20,000 shares worth $275,200 on Tuesday, April 11. BITLER STEVEN P had sold 2,574 shares worth $31,557 on Thursday, February 2. STEELE GARY T sold 26,708 shares worth $373,912. Another trade for 11,704 shares valued at $147,353 was sold by HIEBERT LARRY D.