Arista Networks Inc [ANET] stock is trading at $325.87, down -5.99%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ANET shares have lost -3.21% over the last week, with a monthly amount drifted -1.01%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Arista Networks Inc [NYSE: ANET] stock has seen the most recent analyst activity on June 27, 2024, when Citigroup reiterated its Buy rating and also boosted its price target to $385 from $330. Previously, Jefferies upgraded its rating to Buy on May 03, 2024, and elevated its price target to $320. On April 12, 2024, downgrade downgraded it’s rating to Sell but maintained its price target of $210 on the stock. Melius upgraded its rating to a Buy. Citigroup reiterated its recommendation of a Buy and raised its price target to $300 on December 14, 2023. Morgan Stanley upgraded its rating to Overweight for this stock on October 31, 2023, and upped its price target to $220. In a note dated October 11, 2023, Piper Sandler downgraded an Neutral rating on this stock but restated the target price of $190.
Arista Networks Inc [ANET] stock has fluctuated between $149.10 and $376.50 over the past year. Currently, Wall Street analysts expect the stock to reach $222.68 within the next 12 months. Arista Networks Inc [NYSE: ANET] shares were valued at $325.87 at the most recent close of the market. An investor can expect a potential drop of -31.67% based on the average ANET price forecast.
Analyzing the ANET fundamentals
Arista Networks Inc [NYSE:ANET] reported sales of 6.08B for the trailing twelve months, which represents a growth of 16.28%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.44%, and Net Profit Margin reading is 0.38%. To continue investigating profitability, this company’s Return on Assets is posted at 0.22, Equity is 0.33 and Total Capital is 0.28. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 318.45 points at the first support level, and at 311.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 338.95, and for the 2nd resistance point, it is at 352.02.
Ratios To Look Out For
For context, Arista Networks Inc’s Current Ratio is 5.01. As well, the Quick Ratio is 3.87, while the Cash Ratio is 1.17. Considering the valuation of this stock, the price to sales ratio is 16.79, the price to book ratio is 13.00 and price to earnings (TTM) ratio is 45.33.
Transactions by insiders
Recent insider trading involved Duda Kenneth, CTO and SVP Software Eng., that happened on Jul 08 ’24 when 20000.0 shares were sold. CTO and SVP Software Eng., Duda Kenneth completed a deal on Jul 08 ’24 to sell 20000.0 shares. Meanwhile, President and CEO Ullal Jayshree sold 836.0 shares on Jul 02 ’24.
