Arista Networks Inc. [NYSE: ANET] slipped around -7.09 points on Thursday, while shares priced at $219.45 at the close of the session, down -3.13%. Arista Networks Inc. stock is now 7.89% up from its year-to-date (YTD) trading value. ANET Stock saw the intraday high of $224.519 and lowest of $216.01 per share. The company’s 52-week high price is 289.45, which means current price is +40.11% above from all time high which was touched on 01/24/20.
Compared to the average trading volume of 821.01K shares, ANET reached a trading volume of 1142721 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Arista Networks Inc. [ANET]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ANET shares is $214.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ANET stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Arista Networks Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 09, 2020. The new note on the price target was released on March 04, 2020, representing the official price target for Arista Networks Inc. stock. Previously, the target price had yet another raise to $220, while Barclays analysts kept a Equal Weight rating on ANET stock.
The Average True Range (ATR) for Arista Networks Inc. is set at 8.42, with the Price to Sales ratio for ANET stock in the period of the last 12 months amounting to 6.98. The Price to Book ratio for the last quarter was 5.88, with the Price to Cash per share for the same quarter was set at 35.47. Price to Free Cash Flow for ANET in the course of the last twelve months was 16.75 with Quick ratio for the last quarter at 5.30.
How has ANET stock performed recently?
Arista Networks Inc. [ANET] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.30. With this latest performance, ANET shares dropped by -0.14% in over the last four-week period, additionally plugging by 10.28% over the last 6 months – not to mention a drop of -9.75% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ANET stock in for the last two-week period is set at 47.28, with the RSI for the last a single of trading hit 41.44, and the three-weeks RSI is set at 49.00 for Arista Networks Inc. [ANET]. The present Moving Average for the last 50 days of trading for this stock 218.79, while it was recorded at 224.84 for the last single week of trading, and 214.28 for the last 200 days.
Arista Networks Inc. [ANET]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Arista Networks Inc. [ANET] shares currently have an operating margin of +33.42 and a Gross Margin at +64.06. Arista Networks Inc.’s Net Margin is presently recorded at +35.65.
Return on Total Capital for ANET is now 31.14, given the latest momentum, and Return on Invested Capital for the company is 33.33. Return on Equity for this stock inclined to 34.12, with Return on Assets sitting at 23.65. When it comes to the capital structure of this company, Arista Networks Inc. [ANET] has a Total Debt to Total Equity ratio set at 3.42. Additionally, ANET Total Debt to Total Capital is recorded at 3.31, with Total Debt to Total Assets ending up at 2.37. Long-Term Debt to Equity for the company is recorded at 2.87, with the Long-Term Debt to Total Capital now at 2.77.
Reflecting on the efficiency of the workforce at the company, Arista Networks Inc. [ANET] managed to generate an average of $373,671 per employee. Receivables Turnover for the company is 6.38 with a Total Asset Turnover recorded at a value of 0.66.Arista Networks Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.30 and a Current Ratio set at 5.80.
Earnings analysis for Arista Networks Inc. [ANET]
With the latest financial reports released by the company, Arista Networks Inc. posted 2.44/share EPS, while the average EPS was predicted by analysts to be reported at 2.2/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ANET. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Arista Networks Inc. go to 7.91%.
Insider trade positions for Arista Networks Inc. [ANET]
There are presently around $10,734 million, or 64.20% of ANET stock, in the hands of institutional investors. The top three institutional holders of ANET stocks are: VANGUARD GROUP INC with ownership of 6,132,880, which is approximately 2.445% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 3,984,397 shares of the stock with an approximate value of $902.63 million in ANET stocks shares; and ARTISAN PARTNERS LIMITED PARTNERSHIP, currently with $557.5 million in ANET stock with ownership of nearly 7.043% of the company’s market capitalization.
Positions in Arista Networks Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 239 institutional holders increased their position in Arista Networks Inc. [NYSE:ANET] by around 5,780,291 shares. Additionally, 274 investors decreased positions by around 4,246,098 shares, while 80 investors held positions by with 37,357,330 shares. The mentioned changes placed institutional holdings at 47,383,719 shares, according to the latest SEC report filing. ANET stock had 65 new institutional investments in for a total of 1,083,048 shares, while 87 institutional investors sold positions of 788,093 shares during the same period.