Arista Networks Inc. [ANET] is 2.70% higher this YTD. Is it still time to buy?

Arista Networks Inc. [NYSE: ANET] closed the trading session at $208.90 on 10/30/20. The day’s price range saw the stock hit a low of $200.35, while the highest price level was $212.69. The company report on October 6, 2020 that Arista Networks to Announce Q3 2020 Financial Results on Monday, November 2nd 2020.

Announces Participation in Upcoming Investor Events.

Arista Networks, Inc. (NYSE:ANET) will release its financial results for the quarter ended September 30, 2020 after U.S. markets close on Monday, November 2nd, 2020. The results will be included in a press release with accompanying financial information that will be posted on the Investor Relations section of the Arista website at https://investors.arista.com.

The stocks have a year to date performance of 2.70 percent and weekly performance of -2.43 percent. The stock has been moved at -1.00 percent over the last six months. The stock has performed 0.89 percent around the most recent 30 days and changed -19.81 percent over the most recent 3-months.

If compared to the average trading volume of 734.72K shares, ANET reached to a volume of 1654391 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $241.61 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.

Morgan Stanley have made an estimate for Arista Networks Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 30, 2020. The new note on the price target was released on October 30, 2020, representing the official price target for Arista Networks Inc. stock. Previously, the target price had yet another drop from $290 to $230, while Citigroup kept a Neutral rating on ANET stock.

The Average True Range (ATR) for Arista Networks Inc. is set at 6.89, with the Price to Sales ratio for ANET stock in the period of the last 12 months amounting to 6.80. The Price to Book ratio for the last quarter was 5.22, with the Price to Cash per share for the same quarter was set at 37.62. Price to Free Cash Flow for ANET in the course of the last twelve months was 16.84 with Quick ratio for the last quarter at 5.10.

ANET stock trade performance evaluation

Arista Networks Inc. [ANET] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.43. With this latest performance, ANET shares gained by 0.89% in over the last four-week period, additionally sinking by -1.00% over the last 6 months – not to mention a drop of -14.58% 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 42.36, with the RSI for the last a single of trading hit 42.66, and the three-weeks RSI is set at 45.89 for Arista Networks Inc. [ANET]. The present Moving Average for the last 50 days of trading for this stock 212.75, while it was recorded at 207.17 for the last single week of trading, and 215.14 for the last 200 days.

Arista Networks Inc. [ANET]: An insightful look at the core 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 5.10 and a Current Ratio set at 5.60.

Earnings per share (EPS) analysis for Arista Networks Inc. [ANET] stock

With the latest financial reports released by the company, Arista Networks Inc. posted 2.69/share EPS, while the average EPS was predicted by analysts to be reported at 2.41/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 11.60%. 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 6.73%.

Arista Networks Inc. [ANET]: Insider Ownership positions

There are presently around $10,111 million, or 67.70% of ANET stock, in the hands of institutional investors. The top three institutional holders of ANET stocks are: VANGUARD GROUP INC with ownership of 6,024,566, which is approximately -1.766% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 4,265,054 shares of the stock with an approximate value of $890.97 million in ANET stocks shares; and ARTISAN PARTNERS LIMITED PARTNERSHIP, currently with $595.98 million in ANET stock with ownership of nearly 15.928% of the company’s market capitalization.

Positions in Arista Networks Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 305 institutional holders increased their position in Arista Networks Inc. [NYSE:ANET] by around 6,016,846 shares. Additionally, 196 investors decreased positions by around 5,403,982 shares, while 95 investors held positions by with 36,978,655 shares. The mentioned changes placed institutional holdings at 48,399,483 shares, according to the latest SEC report filing. ANET stock had 88 new institutional investments in for a total of 1,010,088 shares, while 47 institutional investors sold positions of 1,123,483 shares during the same period.

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