In yesterday’s Wall Street session, Arista Networks Inc (NYSE:ANET) shares traded at $106.54, up 6.22% from the previous session.
ANET stock price is now -2.59% away from the 50-day moving average and 16.81% away from the 200-day moving average. The market capitalization of the company currently stands at $134.21B.
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, Wassenaar Yvonne, Director sold 168 shares of the company’s stock on Jan 21 ’25. The stock was sold for $20,331 at an average price of $121.02. Upon completion of the transaction, the Director now directly owns 13,428 shares in the company, valued at $1.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 21 ’25, Director Yvonne Wassenaar bought 168 shares of the business’s stock. A total of $20,152 was incurred on buying the stock at an average price of $119.95. A total of 18.03% 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 0.00, a current ratio of 4.47, and a quick ratio of 3.69. According to the stock market information, the enterprise value for the company is $26195107840, which is based on a 51.14 price-to-earnings ratio, a 2.75 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for ANET is $109.2151 and a two-hundred day moving average price translates $91.032524 for the stock.
The latest earnings results from Arista Networks Inc (NYSE: ANET) was released for 2024-09-30. The net profit margin was 40.29% and return on equity was 33.83% for ANET. The company reported revenue of $1.81 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.97 percent.
