Arista Networks, Inc. (NYSE:ANET – Get Free Report) insider John F. Mccool sold 416 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $254.54, for a total value of $105,888.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Arista Networks Stock Up 4.8 %
Shares of Arista Networks stock opened at $274.40 on Friday. Arista Networks, Inc. has a 52-week low of $131.68 and a 52-week high of $307.74. The company has a 50 day moving average of $279.07 and a 200 day moving average of $249.25. The company has a market capitalization of $85.79 billion, a P/E ratio of 41.77, a P/E/G ratio of 2.24 and a beta of 1.13.
Arista Networks (NYSE:ANET – Get Free Report) last issued its 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. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Arista Networks had a net margin of 35.62% and a return on equity of 31.44%. The company’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 earnings per share. As a group, research analysts anticipate that Arista Networks, Inc. will post 6.7 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Arista Networks
Analyst Upgrades and Downgrades
Several analysts have issued reports on ANET shares. Piper Sandler upped their target price on Arista Networks from $254.00 to $268.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Melius upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Needham & Company LLC reiterated a “buy” rating and issued a $320.00 target price on shares of Arista Networks in a report on Tuesday, February 13th. JMP Securities restated a “market outperform” rating and set a $325.00 price target on shares of Arista Networks in a report on Tuesday, February 13th. Finally, Evercore ISI reiterated an “outperform” rating and set a $300.00 price target on shares of Arista Networks in a report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $285.53.
Get Our Latest Stock Report on Arista Networks
About Arista Networks
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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