Arista Networks Inc (ANET) concluded trading on Wednesday at a closing price of $129.82, with 9.74 million shares of worth about $1.26 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 51.73% during that period and on January 22, 2025 the price saw a gain of about 6.85%. 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 12.98% in past 5 days and over the past one month there was a price change of 20.13%. Year-to-date (YTD), ANET shares are showing a performance of 17.45% which increased to 97.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $60.08 but also hit the highest price of $121.92 during that period. The average intraday trading volume for Arista Networks Inc shares is 7.36 million. The stock is currently trading 12.18% above its 20-day simple moving average (SMA20), while that difference is up 20.00% for SMA50 and it goes to 43.68% higher than SMA200.
Arista Networks Inc (NYSE: ANET) currently have 1.26B outstanding shares and institutions hold larger chunk of about 68.51% of that.
The stock has a current market capitalization of $163.54B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 62.32, while it has posted earnings per share of $2.08 in the same period. Its PEG reads 3.46 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 2.73% while standing at 2.89% over the month.
Analysts are in expectations that Arista Networks Inc (ANET) stock would likely to be making an EPS of 0.57 in the current quarter, while forecast for next quarter EPS is 0.56 and it is 2.47 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.51 which is 0.62 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 0.52 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 26.25% while it is estimated to increase by 12.33% 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.
