Arista Networks Inc (NYSE: ANET) is 91.60% higher on its value in year-to-date trading and has touched a low of $56.65 and a high of $116.94 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 $109.07 in the last trading session, with the day’s gains setting it 3.74%.
Currently trading at $112.81, the stock is 5.98% and 10.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.41 million and changing 3.43% at the moment leaves the stock 30.82% off its SMA200. ANET registered 93.53% gain for a year compared to 6-month gain of 37.07%. The firm has a 50-day simple moving average (SMA 50) of $102.2431 and a 200-day simple moving average (SMA200) of $86.2331.
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The stock witnessed a 18.22% loss in the last 1 month and extending the period to 3 months gives it a 17.03%, and is 0.39% 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 4.64% over the week and 3.73% over the month.
Arista Networks Inc (ANET) has around 4023 employees, a market worth around $146.99B and $6.61B in sales. Current P/E ratio is 54.15 and Fwd P/E is 46.05. Profit margin for the company is 40.29%. Distance from 52-week low is 99.14% and -3.53% from its 52-week high. The company has generated returns on investments over the last 12 months (28.82%).
with sales reaching $1.9B over the same period.The EPS is expected to grow by 26.28% this year, but quarterly earnings will post 18.92% year-over-year. Quarterly sales are estimated to grow 23.33% in year-over-year returns.
Arista Networks Inc (ANET) Top Institutional Holders
2125.0 institutions hold shares in Arista Networks Inc (ANET), with institutional investors hold 85.04% of the company’s shares. The shares outstanding are 1.26B, and float is at 1.03B with Short Float at 1.16%. Institutions hold 69.60% 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 McCool John F, the company’s Chief Platform Officer. SEC filings show that McCool John F sold 288 shares of the company’s common stock on Dec 09 ’24 at a price of $108.70 per share for a total of $31306.0. Following the sale, the insider now owns 0.0 shares.
Arista Networks Inc disclosed in a document filed with the SEC on Dec 06 ’24 that Duda Kenneth (CTO and SVP Software Eng.) sold a total of 80,000 shares of the company’s common stock. The trade occurred on Dec 06 ’24 and was made at $108.29 per share for $8.66 million. Following the transaction, the insider now directly holds 12976.0 shares of the ANET stock.
Still, SEC filings show that on Dec 06 ’24, Duda Kenneth (CTO and SVP Software Eng.) disposed off 80,000 shares at an average price of $108.29 for $8.66 million. The insider now directly holds 682,400 shares of Arista Networks Inc (ANET).
