Arista Networks (NYSE:ANET – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Arista Networks to post earnings of $1.53 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Arista Networks (NYSE:ANET – Get Free Report) last issued its quarterly earnings results on Monday, February 12th. The technology company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.38. Arista Networks had a net margin of 35.62% and a return on equity of 31.44%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, analysts expect Arista Networks to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Arista Networks Stock Performance
Shares of NYSE:ANET opened at $263.67 on Tuesday. The firm has a market capitalization of $82.69 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 2.26 and a beta of 1.09. Arista Networks has a 52-week low of $131.68 and a 52-week high of $307.74. The firm has a fifty day moving average of $279.13 and a 200 day moving average of $248.11.
Analyst Ratings Changes
Get Our Latest Analysis on Arista Networks
Insiders Place Their Bets
In other news, Director Yvonne Wassenaar sold 224 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $255.29, for a total transaction of $57,184.96. Following the sale, the director now owns 2,827 shares in the company, valued at $721,704.83. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Yvonne Wassenaar sold 224 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $255.29, for a total value of $57,184.96. Following the completion of the transaction, the director now owns 2,827 shares in the company, valued at $721,704.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John F. Mccool sold 420 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $266.08, for a total value of $111,753.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 332,514 shares of company stock valued at $95,369,397. Insiders own 18.99% of the company’s stock.
Arista Networks Company Profile
Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.
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