A share price of Arista Networks Inc [ANET] is currently trading at $264.76, up 3.92%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ANET shares have gain 2.94% over the last week, with a monthly amount drifted -11.10%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Arista Networks Inc [NYSE: ANET] stock has seen the most recent analyst activity on April 12, 2024, when Rosenblatt downgraded its rating to a Sell but kept the price target unchanged to $210 for it. Previously, Melius upgraded its rating to Buy on January 08, 2024. On December 14, 2023, Citigroup reiterated its Buy rating and revised its price target to $300 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $220 on October 31, 2023. Piper Sandler downgraded its rating to a Neutral but $190 remained the price target by the analyst firm on October 11, 2023. Citigroup upgraded its rating to Buy for this stock on August 31, 2023, and upped its price target to $220. In a note dated July 20, 2023, Exane BNP Paribas initiated an Outperform rating and provided a target price of $210 on this stock.
Arista Networks Inc experienced fluctuations in its stock price throughout the past year between $131.68 and $307.74. Currently, Wall Street analysts expect the stock to reach $184.67 within the next 12 months. Arista Networks Inc [NYSE: ANET] shares were valued at $264.76 at the most recent close of the market. An investor can expect a potential drop of -30.25% based on the average ANET price forecast.
Analyzing the ANET fundamentals
Trailing Twelve Months sales for Arista Networks Inc [NYSE:ANET] were 5.86B which represents 20.77% growth. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.41%, and Net Profit Margin reading is 0.36%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is 0.34 and Total Capital is 0.28. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 254.55 points at the first support level, and at 244.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 271.84, and for the 2nd resistance point, it is at 278.92.
Arista Networks Inc [ANET] reported earnings per share of $2.08 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.7/share, meaning a difference of $0.38 and a surprise factor of 22.40%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $1.83 per share as compared to estimates of $1.58 per share, a difference of $0.25 representing a surprise of 15.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Arista Networks Inc [NYSE:ANET] is 4.39. Further, the Quick Ratio stands at 3.31, while the Cash Ratio is 1.02. Considering the valuation of this stock, the price to sales ratio is 14.12, the price to book ratio is 11.45 and price to earnings (TTM) ratio is 40.25.
Transactions by insiders
Recent insider trading involved Duda Kenneth, CTO and SVP Software Eng., that happened on Apr 10 ’24 when 20000.0 shares were sold. CTO and SVP Software Eng., Duda Kenneth completed a deal on Apr 10 ’24 to sell 16000.0 shares. Meanwhile, President and CEO Ullal Jayshree sold 4042.0 shares on Apr 09 ’24.
