Arista Networks Inc [NYSE: ANET] stock went on a downward path that fall over -22.35% on Monday, amounting to a one-week price decrease of less than -16.38%.
Over the last 12 months, ANET stock rose by 52.86%. The one-year Arista Networks Inc stock forecast points to a potential upside of 16.74. The average equity rating for ANET stock is currently 1.66, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $126.35 billion, with 1.26 billion shares outstanding and 1.03 billion shares in the current float. Compared to the average trading volume of 7.44M shares, ANET stock reached a trading volume of 33063673 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $120.46 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 1.66. 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 5.96, with the Price to Sales ratio for ANET stock in the period of the last 12 months amounting to 19.11. The Price to Book ratio for the last quarter was 13.66, with the Price to Cash per share for the same quarter was set at 5.90. Price to Free Cash Flow for ANET in the course of the last twelve months was 39.76 with Quick ratio for the last quarter at 3.69.
ANET Stock Performance Analysis:
Arista Networks Inc [ANET] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.38. With this latest performance, ANET shares dropped by -11.31% in over the last four-week period, additionally plugging by 27.72% over the last 6 months – not to mention a rise of 52.86% 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 35.64, with the RSI for the last a single of trading hit 29.05, and the three-weeks RSI is set at 40.24 for Arista Networks Inc [ANET]. The present Moving Average for the last 50 days of trading for this stock 109.22, while it was recorded at 121.98 for the last single week of trading, and 91.03 for the last 200 days.
Insight into Arista Networks Inc Fundamentals:
Arista Networks Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.69 and a Current Ratio set at 4.47.
ANET Stock EPS
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 18.60%.
Arista Networks Inc [ANET] Institutonal Ownership Details
There are presently around $69.59%, or 85.03%% 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%.
