At the time of writing, Arista Networks Inc [ANET] stock is trading at $342.93, up 4.95%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ANET shares have gain 5.18% over the last week, with a monthly amount glided 1.36%, and 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 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.
For the past year, the stock price of Arista Networks Inc fluctuated between $168.25 and $376.50. Currently, Wall Street analysts expect the stock to reach $229.52 within the next 12 months. Arista Networks Inc [NYSE: ANET] shares were valued at $342.93 at the most recent close of the market. An investor can expect a potential drop of -33.07% based on the average ANET price forecast.
Analyzing the ANET fundamentals
According to Arista Networks Inc [NYSE:ANET], the company’s sales were 6.31B for trailing twelve months, which represents an 15.87% jump. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.41%, Pretax Profit Margin comes in at 0.45%, and Net Profit Margin reading is 0.39%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, 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 0.01.
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 330.07 points at the first support level, and at 317.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 349.90, and for the 2nd resistance point, it is at 356.88.
Ratios To Look Out For
It is important to note that Arista Networks Inc [NYSE:ANET] has a current ratio of 4.55. Also, the Quick Ratio is 3.70, while the Cash Ratio stands at 1.12. Considering the valuation of this stock, the price to sales ratio is 17.07, the price to book ratio is 12.78 and price to earnings (TTM) ratio is 44.45.
Transactions by insiders
Recent insider trading involved Duda Kenneth, CTO and SVP Software Eng., that happened on Sep 06 ’24 when 1689.0 shares were sold. CTO and SVP Software Eng., Duda Kenneth completed a deal on Sep 06 ’24 to sell 20000.0 shares. Meanwhile, CTO and SVP Software Eng. Duda Kenneth sold 18311.0 shares on Sep 06 ’24.
