Arista Networks Inc (ANET) concluded trading on Thursday at a closing price of $404.97, with 3.29 million shares of worth about $1.33 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.35% during that period and on November 21, 2024 the price saw a gain of about 6.09%. Currently the company’s common shares owned by public are about 312.25M shares, out of which, 257.94M shares are available for trading.
Stock saw a price change of 4.93% in past 5 days and over the past one month there was a price change of 2.77%. Year-to-date (YTD), ANET shares are showing a performance of 71.95% which increased to 88.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $210.69 but also hit the highest price of $431.97 during that period. The average intraday trading volume for Arista Networks Inc shares is 1.77 million. The stock is currently trading 2.49% above its 20-day simple moving average (SMA20), while that difference is up 3.23% for SMA50 and it goes to 22.82% 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 68.60% of that.
The stock has a current market capitalization of $127.54B and its 3Y-monthly beta is at 1.10. PE ratio of stock for trailing 12 months is 48.60, while it has posted earnings per share of $8.33 in the same period. Its PEG reads 2.70 and has Quick Ratio of 3.69 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 2.99% while standing at 2.69% over the month.
Stock’s fiscal year EPS is expected to rise by 25.98% while it is estimated to increase by 11.63% in next year. EPS is likely to shrink at an annualized rate of 18.00% 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 Citigroup on June 27, 2024 offering a Buy rating for the stock and assigned a target price range of between $330 and $385 to it. Coverage by Jefferies stated Arista Networks Inc (ANET) stock as a Buy in their note to investors on May 03, 2024, suggesting a price target of $320 for the stock. Stock get a Buy rating from Citigroup on December 14, 2023.
