Arista Networks Inc [NYSE: ANET] jumped around 5.13 points on Monday, while shares priced at $306.55 at the close of the session, up 1.70%.
Compared to the average trading volume of 2.65M shares, ANET reached a trading volume of 2135693 in the most recent trading day, which is why market watchdogs consider the stock to be active.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $320.94 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 1.77. 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.
Jefferies have made an estimate for Arista Networks Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 03, 2024. The new note on the price target was released on April 12, 2024, representing the official price target for Arista Networks Inc stock. On December 14, 2023, analysts increased their price target for ANET shares from 220 to 300.
The Average True Range (ATR) for Arista Networks Inc is set at 10.67, with the Price to Sales ratio for ANET stock in the period of the last 12 months amounting to 15.80. The Price to Book ratio for the last quarter was 12.23, with the Price to Cash per share for the same quarter was set at 17.39. Price to Free Cash Flow for ANET in the course of the last twelve months was 44.99 with Quick ratio for the last quarter at 3.87.
How has ANET stock performed recently?
Arista Networks Inc [ANET] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.17. With this latest performance, ANET shares gained by 15.78% in over the last four-week period, additionally plugging by 40.82% over the last 6 months – not to mention a rise of 117.07% 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 56.50, with the RSI for the last a single of trading hit 53.97, and the three-weeks RSI is set at 56.57 for Arista Networks Inc [ANET]. The present Moving Average for the last 50 days of trading for this stock 287.07, while it was recorded at 312.17 for the last single week of trading, and 238.88 for the last 200 days.
Arista Networks Inc [ANET]: Deeper insight into the fundamentals
Arista Networks Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.87 and a Current Ratio set at 5.01.
Earnings analysis for Arista Networks Inc [ANET]
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 19.40%.
Insider trade positions for Arista Networks Inc [ANET]
The top three institutional holders of ANET stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ANET stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ANET stock with ownership which is approximately 5.8386%.