Arista Networks Inc (NYSE: ANET) is 32.23% higher on its value in year-to-date trading and has touched a low of $150.72 and a high of $376.50 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 $320.55 in the last trading session, with the day’s loss setting it -9.13%.
Currently trading at $311.42, the stock is -10.44% and -5.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.13 million and changing -2.85% at the moment leaves the stock 15.23% off its SMA200. ANET registered 106.12% gain for a year compared to 6-month gain of 15.52%.
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The stock witnessed a -11.14% loss in the last 1 month and extending the period to 3 months gives it a 18.11%, and is -10.16% 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 4.44% over the week and 3.18% over the month.
Arista Networks Inc (ANET) has around 4023 employees, a market worth around $97.59B and $6.08B in sales. Current P/E ratio is 43.32 and Fwd P/E is 33.94. Profit margin for the company is 37.64%. Distance from 52-week low is 106.62% and -17.29% from its 52-week high. The company has generated returns on investments over the last 12 months (29.11%).
with sales reaching $1.65B over the same period.The EPS is expected to grow by 16.54% this year, but quarterly earnings will post 15.00% year-over-year. Quarterly sales are estimated to grow 13.20% in year-over-year returns.
Arista Networks Inc (ANET) Top Institutional Holders
The shares outstanding are 312.25M, and float is at 256.44M with Short Float at 1.22%.
Arista Networks Inc (ANET) Insider Activity
The most recent transaction is an insider sale by Duda Kenneth,the company’sCTO and SVP Software Eng. SEC filings show that Duda Kenneth sold 20,000 shares of the company’s common stock on Jul 08 ’24 at a price of $370.70 per share for a total of $7.41 million. Following the sale, the insider now owns 0.19 million shares.
Arista Networks Inc disclosed in a document filed with the SEC on Jul 08 ’24 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 Jul 08 ’24 and was made at $370.70 per share for $7.41 million. Following the transaction, the insider now directly holds 3244.0 shares of the ANET stock.
Still, SEC filings show that on Jul 02 ’24, Ullal Jayshree (President and CEO) disposed off 836 shares at an average price of $358.08 for $0.3 million. The insider now directly holds 17,681 shares of Arista Networks Inc (ANET).
