At the time of writing, Arista Networks Inc [ANET] stock is trading at $390.11, up 0.13%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ANET shares have gain 0.99% over the last week, with a monthly amount glided 19.65%, and 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.
For the past year, the stock price of Arista Networks Inc fluctuated between $168.25 and $395.82. Currently, Wall Street analysts expect the stock to reach $235.35 within the next 12 months. Arista Networks Inc [NYSE: ANET] shares were valued at $390.11 at the most recent close of the market. An investor can expect a potential drop of -39.67% 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 386.53 points at the first support level, and at 382.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 394.76, and for the 2nd resistance point, it is at 399.40.
Ratios To Look Out For
It is important to note that Arista Networks Inc [NYSE:ANET] has a current ratio of 4.55. In addition, the Quick Ratio stands at 3.70 and the Cash Ratio stands at 1.12. Considering the valuation of this stock, the price to sales ratio is 19.42, the price to book ratio is 14.53 and price to earnings (TTM) ratio is 50.57.
Transactions by insiders
Recent insider trading involved Taxay Marc, SVP and General Counsel, that happened on Oct 01 ’24 when 624.0 shares were sold. Chief Platform Officer, McCool John F completed a deal on Oct 01 ’24 to sell 580.0 shares. Meanwhile, Director Giancarlo Charles H sold 2000.0 shares on Oct 01 ’24.
