Currently, there are 1.26B common shares owned by the public and among those 1.03B shares have been available to trade.
The company’s stock has a 5-day price change of 10.02% and 29.14% over the past three months. ANET shares are trading 97.92% year to date (YTD), with the 12-month market performance up to 101.76% higher. It has a 12-month low price of $56.65 and touched a high of $112.77 over the same period. ANET has an average intraday trading volume of 7.36 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 12.60%, 14.88%, and 36.38% respectively.
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Institutional ownership of Arista Networks Inc (NYSE: ANET) shares accounts for 68.55% of the company’s 1.26B shares outstanding.
It has a market capitalization of $154.34B and a beta (3y monthly) value of 1.10. The stock’s trailing 12-month PE ratio is 55.94, while the earnings-per-share (ttm) stands at $2.08. The company has a PEG of 3.11 and a Quick Ratio of 3.69 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.04% over the week and 3.32% over the month.
Earnings per share for the fiscal year are expected to increase by 26.28%, and 11.71% over the next financial year. EPS should shrink at an annualized rate of 18.00% over the next five years, compared to 45.36% over the past 5-year period.
Looking at the support for the ANET, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on June 27, 2024, with the firm’s price target at $330-$385. Jefferies coverage for the Arista Networks Inc (ANET) stock in a research note released on May 03, 2024 offered a Buy rating with a price target of $320. Citigroup on their part issued Buy rating on December 14, 2023.
