In Friday’s Wall Street session, Arista Networks Inc (NYSE:ANET) shares traded at $98.30, down -4.93% from the previous session.
ANET stock price is now -13.06% away from the 50-day moving average and 3.37% away from the 200-day moving average. The market capitalization of the company currently stands at $123.97B.
With the price target enhanced from $330 to $385, Citigroup maintained Buy rating for Arista Networks Inc (NYSE: ANET). On May 03, 2024, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $240 to quote $320, while ‘Rosenblatt’ rates the stock as ‘Sell’
In other news, McCool John F, Chief Platform Officer sold 112 shares of the company’s stock on Feb 19 ’25. The stock was sold for $11,436 at an average price of $102.11. Upon completion of the transaction, the Chief Platform Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 19 ’25, Officer 1999 MCCOOL FAMILY TRUST bought 112 shares of the business’s stock. A total of $12,439 was incurred on buying the stock at an average price of $111.06. A total of 17.96% of the company’s stock is owned by insiders.
During the past 12 months, Arista Networks Inc has had a low of $60.08 and a high of $133.57. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 4.36, and a quick ratio of 3.69.
The net profit margin was 40.73% and return on equity was 33.14% for ANET. The company reported revenue of $1.93 billion for the quarter, compared to $1.54 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.32 percent.
