Arista Networks Inc (ANET) concluded trading on Tuesday at a closing price of $114.65, with 2.04 million shares of worth about $234.38 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 37.17% during that period and on December 24, 2024 the price saw a gain of about 1.38%. Currently the company’s common shares owned by public are about 1.26B shares, out of which, 1.03B shares are available for trading.
Stock saw a price change of 1.62% in past 5 days and over the past one month there was a price change of 12.95%. Year-to-date (YTD), ANET shares are showing a performance of 94.95% which increased to 92.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $56.65 but also hit the highest price of $116.94 during that period. The average intraday trading volume for Arista Networks Inc shares is 7.51 million. The stock is currently trading 6.39% above its 20-day simple moving average (SMA20), while that difference is up 11.69% for SMA50 and it goes to 32.25% higher than SMA200.
Arista Networks Inc (NYSE: ANET) currently have 1.26B outstanding shares and institutions hold larger chunk of about 68.55% of that.
The stock has a current market capitalization of $146.42B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 55.04, while it has posted earnings per share of $2.08 in the same period. Its PEG reads 3.06 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 4.10% while standing at 3.64% over the month.
Stock’s fiscal year EPS is expected to rise by 26.28% while it is estimated to increase by 11.81% 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.
