Arista Networks Inc (ANET) concluded trading on Wednesday at a closing price of $291.67, with 7.62 million shares of worth about $2.22 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 37.06% during that period and on May 08, 2024 the price saw a gain of about 6.45%. Currently the company’s common shares owned by public are about 312.25M shares, out of which, 256.23M shares are available for trading.
Stock saw a price change of 14.29% in past 5 days and over the past one month there was a price change of -1.04%. Year-to-date (YTD), ANET shares are showing a performance of 23.85% which increased to 111.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $133.42 but also hit the highest price of $307.74 during that period. The average intraday trading volume for Arista Networks Inc shares is 2.74 million. The stock is currently trading 10.27% above its 20-day simple moving average (SMA20), while that difference is up 4.60% for SMA50 and it goes to 26.92% higher than SMA200.
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Arista Networks Inc (NYSE: ANET) currently have 312.25M outstanding shares and institutions hold larger chunk of about 68.98% of that.
The stock has a current market capitalization of $91.47B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 40.57, while it has posted earnings per share of $7.19 in the same period. Its PEG reads 2.09 and has Quick Ratio of 3.87 while making debt-to-equity ratio of 0.00. 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 3.57% while standing at 3.71% over the month.
Stock’s fiscal year EPS is expected to rise by 13.49% while it is estimated to increase by 13.08% 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.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on May 03, 2024 offering a Buy rating for the stock and assigned a target price range of between $240 and $320 to it. Coverage by Rosenblatt stated Arista Networks Inc (ANET) stock as a Sell in their note to investors on April 12, 2024, suggesting a price target of $210 for the stock. On January 08, 2024, Melius Upgrade their recommendations, while on December 14, 2023, Citigroup Reiterated their ratings for the stock with a price target of $300. Stock get an Overweight rating from Morgan Stanley on October 31, 2023.
