Arista Networks Inc (NYSE: ANET) is 57.56% higher on its value in year-to-date trading and has touched a low of $149.10 and a high of $367.25 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 $366.14 in the last trading session, with the day’s gains setting it 4.93%.
Currently trading at $371.07, the stock is 11.31% and 19.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing 1.35% at the moment leaves the stock 44.08% off its SMA200. ANET registered 133.52% gain for a year compared to 6-month gain of 60.94%.
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The stock witnessed a 24.70% loss in the last 1 month and extending the period to 3 months gives it a 24.69%, and is 5.87% 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 2.49% over the week and 2.68% over the month.
Arista Networks Inc (ANET) has around 4023 employees, a market worth around $116.28B and $6.08B in sales. Current P/E ratio is 51.61 and Fwd P/E is 41.32. Profit margin for the company is 37.64%. Distance from 52-week low is 148.87% and 1.04% from its 52-week high. The company has generated returns on investments over the last 12 months (29.11%).
The EPS is expected to grow by 14.03% this year.
Arista Networks Inc (ANET) Top Institutional Holders
The shares outstanding are 312.25M, and float is at 256.42M with Short Float at 1.73%.
Arista Networks Inc (ANET) Insider Activity
The most recent transaction is an insider sale by Ullal Jayshree,the company’sPresident and CEO. SEC filings show that Ullal Jayshree sold 836 shares of the company’s common stock on Jul 02 ’24 at a price of $358.08 per share for a total of $0.3 million. Following the sale, the insider now owns 17681.0 shares.
Arista Networks Inc disclosed in a document filed with the SEC on Jul 01 ’24 that Ullal Jayshree (President and CEO) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Jul 01 ’24 and was made at $357.00 per share for $8.93 million. Following the transaction, the insider now directly holds 1.6 million shares of the ANET stock.
Still, SEC filings show that on Jul 01 ’24, Giancarlo Charles H (Director) disposed off 2,000 shares at an average price of $352.93 for $0.71 million. The insider now directly holds 52,946 shares of Arista Networks Inc (ANET).
