Arista Networks Inc. (NYSE: ANET) is -20.82% lower on its value in year-to-date trading and has touched a low of $85.18 and a high of $148.57 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ANET stock was last observed hovering at around $114.07 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $113.82, the stock is -5.66% and -3.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing -0.22% at the moment leaves the stock -4.43% off its SMA200. ANET registered 29.51% gain for a year compared to 6-month loss of -16.32%.
The stock witnessed a -10.48% gain in the last 1 month and extending the period to 3 months gives it a 22.33%, and is -6.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.20% over the week and 2.73% over the month.
Arista Networks Inc. (ANET) has around 2993 employees, a market worth around $35.00B and $3.50B in sales. Current P/E ratio is 35.06 and Fwd P/E is 24.79. Profit margin for the company is 29.60%. Distance from 52-week low is 33.62% and -23.39% from its 52-week high. The company has generated returns on investments over the last 12 months (21.00%).
Arista Networks Inc. (ANET) Analyst Forecasts
The EPS is expected to grow by 31.90% this year
Arista Networks Inc. (ANET) Top Institutional Holders
The shares outstanding are 306.75M, and float is at 232.84M with Short Float at 1.89%.
Arista Networks Inc. (ANET) Insider Activity
A total of 332 insider transactions have happened at Arista Networks Inc. (ANET) in the last six months, with sales accounting for 172 and purchases happening 160 times. The most recent transaction is an insider sale by Duda Kenneth, the company’s CTO and SVP Software Eng. SEC filings show that Duda Kenneth sold 19,500 shares of the company’s common stock on Sep 12 at a price of $125.03 per share for a total of $2.44 million. Following the sale, the insider now owns 0.26 million shares.
Arista Networks Inc. disclosed in a document filed with the SEC on Sep 12 that Duda Kenneth (CTO and SVP Software Eng.) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Sep 12 and was made at $125.03 per share for $2.5 million. Following the transaction, the insider now directly holds 3244.0 shares of the ANET stock.
Still, SEC filings show that on Sep 09, Giancarlo Charles H (Director) disposed off 2,000 shares at an average price of $125.08 for $0.25 million. The insider now directly holds 96,946 shares of Arista Networks Inc. (ANET).
Arista Networks Inc. (ANET): Who are the competitors?
The company’s main competitors (and peers) include Lantronix Inc. (LTRX) that is trading -20.07% down over the past 12 months and Silicom Ltd. (SILC) that is -17.34% lower over the same period. HP Inc. (HPQ) is -3.09% down on the 1-year trading charts.