Arista Networks Inc [NYSE: ANET] slipped around -21.16 points on Tuesday, while shares priced at $392.31 at the close of the session, down -5.12%.
Compared to the average trading volume of 1.78M shares, ANET reached a trading volume of 4018322 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $380.62 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 1.81. 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.
Citigroup have made an estimate for Arista Networks Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 27, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price from $240 to $320. The new note on the price target was released on May 03, 2024, representing the official price target for Arista Networks Inc stock. Previously, the target price had yet another raise to $210, while Rosenblatt analysts kept a Sell rating on ANET stock.
The Average True Range (ATR) for Arista Networks Inc is set at 11.91, with the Price to Sales ratio for ANET stock in the period of the last 12 months amounting to 19.53. The Price to Book ratio for the last quarter was 14.62, with the Price to Cash per share for the same quarter was set at 19.97. Price to Free Cash Flow for ANET in the course of the last twelve months was 45.67 with Quick ratio for the last quarter at 3.70.
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 -1.98. With this latest performance, ANET shares gained by 9.23% in over the last four-week period, additionally plugging by 49.30% over the last 6 months – not to mention a rise of 106.64% 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 55.29, with the RSI for the last a single of trading hit 49.53, and the three-weeks RSI is set at 57.24 for Arista Networks Inc [ANET]. The present Moving Average for the last 50 days of trading for this stock 362.10, while it was recorded at 407.88 for the last single week of trading, and 310.60 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 3.70 and a Current Ratio set at 4.55.
Earnings analysis for Arista Networks Inc [ANET]
With the latest financial reports released by the company, Arista Networks Inc posted 1.83/share EPS, while the average EPS was predicted by analysts to be reported at 1.58/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.25. 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 19.00%.
Insider trade positions for Arista Networks Inc [ANET]
There are presently around $70.78%, or 86.53%% of ANET stock, in the hands of institutional investors. The top three institutional holders of ANET stocks are: VANGUARD GROUP INC with ownership of 23.39 million shares, which is approximately 7.4727%. BLACKROCK INC., holding 20.09 million shares of the stock with an approximate value of $$7.04 billion in ANET stocks shares; and BLACKROCK INC., currently with $$4.99 billion in ANET stock with ownership which is approximately 4.5466%.
