Arista Networks Inc (ANET) concluded trading on Thursady at a closing price of $268.76, with 3.63 million shares of worth about $976.09 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 43.32% during that period and on Thursady the price saw a gain of about 5.61%. Currently the company’s common shares owned by public are about 312.25M shares, out of which, 254.74M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 484 times over the past 12 months. They bought 1,006,711 shares in 183 of the transactions. In 301 selling transactions, insiders dumped 1,535,173 shares.
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Stock saw a price change of 1.16% in past 5 days and over the past one month there was a price change of 2.56%. Year-to-date (YTD), ANET shares are showing a performance of 14.12% which increased to 99.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $131.68 but also hit the highest price of $292.66 during that period. The average intraday trading volume for Arista Networks Inc shares is 2.06 million. The stock is currently trading 0.56% above its 20-day simple moving average (SMA20), while that difference is up 6.90% for SMA50 and it goes to 36.07% higher than SMA200.
Arista Networks Inc (NYSE: ANET) currently have 312.25M outstanding shares and institutions hold larger chunk of about 69.32% of that.
The stock has a current market capitalization of $84.02B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 40.85, while it has posted earnings per share of $6.58 in the same period. Its PEG reads 2.11 and has Quick Ratio of 3.31 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ANET, volatility over the week remained 2.68% while standing at 2.80% over the month.
Analysts are in expectations that Arista Networks Inc (ANET) stock would likely to be making an EPS of $1.73 in the current quarter, while forecast for next quarter EPS is $1.82 and it is $8.56 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.64 which is $1.97 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.43 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 7.69% while it is estimated to increase by 14.43% in next year. EPS is likely to shrink at an annualized rate of 19.40% for next 5-years, compared to annual growth of 45.36% made by the stock over the past 5-years.
Coverage by Citigroup stated Arista Networks Inc (ANET) stock as a Buy in their note to investors on December 14, 2023, suggesting a price target of $300 for the stock. On October 31, 2023, Morgan Stanley Upgrade their recommendations, while on October 11, 2023, Piper Sandler Downgrade their ratings for the stock with a price target of $190. Stock get a Buy rating from Citigroup on August 31, 2023.
