Arista Networks Inc (NYSE: ANET) is 25.93% higher on its value in year-to-date trading and has touched a low of $131.68 and a high of $292.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ANET stock was last observed hovering at around $286.92 in the last trading session, with the day’s gains setting it 9.66%.
Currently trading at $296.58, the stock is 6.70% and 10.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.28 million and changing 3.37% at the moment leaves the stock 41.17% off its SMA200. ANET registered 80.62% gain for a year compared to 6-month gain of 60.46%. The firm has a 50-day simple moving average (SMA 50) of $15.07 and a 200-day simple moving average (SMA200) of $37.94.
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The stock witnessed a 14.24% loss in the last 1 month and extending the period to 3 months gives it a 24.19%, and is 5.65% up 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 3.35% over the week and 2.93% over the month.
Arista Networks Inc (ANET) has around 4023 employees, a market worth around $92.72B and $5.86B in sales. Current P/E ratio is 45.08 and Fwd P/E is 34.66. Profit margin for the company is 35.62%. Distance from 52-week low is 125.23% and 1.34% from its 52-week high. The company has generated returns on investments over the last 12 months (28.74%).
Arista Networks Inc quarterly earnings per share for the current quarter are estimated at $1.74 with sales reaching $1.55B over the same period.The EPS is expected to grow by 7.78% this year, but quarterly earnings will post 12.60% year-over-year. Quarterly sales are estimated to grow 18.40% in year-over-year returns.
1,727 institutions hold shares in Arista Networks Inc (ANET), with institutional investors hold 86.37% of the company’s shares. The shares outstanding are 312.25M, and float is at 255.03M with Short Float at 1.45%. Institutions hold 70.33% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 27.81 million shares valued at $4.51 billion. The investor’s holdings represent 8.98% of the ANET Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 17.87 million shares valued at $2.9 billion to account for 5.77% of the shares outstanding. The other top investors are Cresset Asset Management, LLC which holds 11.14 million shares representing 3.60% and valued at over $1.8 billion, while State Street Corporation holds 3.32% of the shares totaling 10.28 million with a market value of $1.67 billion.
Arista Networks Inc (ANET) Insider Activity
The most recent transaction is an insider sale by Ullal Jayshree, the company’s President and CEO. SEC filings show that Ullal Jayshree sold 20,000 shares of the company’s common stock on Mar 18 ’24 at a price of $282.41 per share for a total of $5.65 million. Following the sale, the insider now owns 1.68 million shares.
Arista Networks Inc disclosed in a document filed with the SEC on Mar 15 ’24 that Ullal Jayshree (President and CEO) sold a total of 87,418 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $278.81 per share for $24.37 million. Following the transaction, the insider now directly holds 17681.0 shares of the ANET stock.
Still, SEC filings show that on Mar 15 ’24, Ullal Jayshree (President and CEO) disposed off 18,400 shares at an average price of $279.66 for $5.15 million. The insider now directly holds 1,687,800 shares of Arista Networks Inc (ANET).
