Arista Networks Inc (NYSE: ANET) is 64.84% higher on its value in year-to-date trading and has touched a low of $168.25 and a high of $390.00 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 $385.07 in the last trading session, with the day’s gains setting it 3.14%.
Currently trading at $388.21, the stock is 10.79% and 13.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 0.82% at the moment leaves the stock 30.10% off its SMA200. ANET registered 114.27% gain for a year compared to 6-month gain of 30.35%. The firm has a 50-day simple moving average (SMA 50) of $343.285 and a 200-day simple moving average (SMA200) of $299.2537.
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The stock witnessed a 12.63% loss in the last 1 month and extending the period to 3 months gives it a 15.99%, and is 7.33% 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 2.10% over the week and 3.24% over the month.
Arista Networks Inc (ANET) has around 4023 employees, a market worth around $121.96B and $6.31B in sales. Current P/E ratio is 50.32 and Fwd P/E is 41.32. Profit margin for the company is 39.01%. Distance from 52-week low is 130.73% and -0.46% from its 52-week high. The company has generated returns on investments over the last 12 months (29.20%).
Arista Networks Inc quarterly earnings per share for the current quarter are estimated at 2.08 with sales reaching $1.74B over the same period.The EPS is expected to grow by 19.12% this year, but quarterly earnings will post 16.20% year-over-year. Quarterly sales are estimated to grow 17.70% in year-over-year returns.
2012.0 institutions hold shares in Arista Networks Inc (ANET), with institutional investors hold 86.58% of the company’s shares. The shares outstanding are 312.25M, and float is at 257.19M with Short Float at 1.05%. Institutions hold 70.82% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 23.39 million shares valued at $8.2 billion. The investor’s holdings represent 7.4727 of the ANET Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 20.09 million shares valued at $7.04 billion to account for 6.4177 of the shares outstanding. The other top investors are FMR LLC which holds 14.23 million shares representing 4.5466 and valued at over $4.99 billion, while STATE STREET CORP holds 3.4586 of the shares totaling 10.83 million with a market value of $3.79 billion.
Arista Networks Inc (ANET) Insider Activity
The most recent transaction is an insider sale by Giancarlo Charles H, the company’s Director. SEC filings show that Giancarlo Charles H sold 2,000 shares of the company’s common stock on Sep 17 ’24 at a price of $363.53 per share for a total of $0.73 million. Following the sale, the insider now owns 48946.0 shares.
Arista Networks Inc disclosed in a document filed with the SEC on Sep 16 ’24 that Battles Kelly Bodnar (Director) sold a total of 372 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $356.74 per share for $0.13 million. Following the transaction, the insider now directly holds 2565.0 shares of the ANET stock.
Still, SEC filings show that on Sep 17 ’24, Charles Giancarlo (Director) Proposed Sale 10,000 shares at an average price of $359.16 for $3.59 million. The insider now directly holds shares of Arista Networks Inc (ANET).
