- An entry into networking switches by Amazon Web Services (AMZN +0.6%) is a "notable negative" for rivals in the sector, but Cisco Systems (CSCO -4.2%) and Arista Networks (ANET -3.9%) are probably OK just the same, RBC says.
- Sales and revenue trends for the two are likely safe, analyst Mitch Steves says, as they have "solid" software products and switching revenue has been trending positive. (h/t Bloomberg)
- He has Outperform ratings on both stocks. Juniper Networks (NYSE:JNPR), which RBC has at Sector Perform, is 2.5% lower.