Arista Networks Inc (NYSE:ANET) shares traded 2.78% higher at $118.47 on Wall Street last session.
ANET stock price is now 5.70% away from the 50-day moving average and 27.21% away from the 200-day moving average. The market capitalization of the company currently stands at $149.24B.
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, Kenneth Duda, Officer bought 96,000 shares of the company’s stock on Feb 06 ’25. The stock was bought for $11,087,040 at an average price of $115.49. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 06 ’25, Officer Kenneth Duda bought 240,000 shares of the business’s stock. A total of $27,717,600 was incurred on buying the stock at an average price of $115.49. 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 0.00, 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 $29952339968, which is based on a 56.87 price-to-earnings ratio, a 3.06 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for ANET is $112.0836 and a two-hundred day moving average price translates $93.127625 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. For the current quarter, analysts expect ANET to generate $1.9B in revenue.
