A share price of Arista Networks Inc [ANET] is currently trading at $416.93, up 1.75%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ANET shares have gain 5.29% over the last week, with a monthly amount glided 17.33%, 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.
Arista Networks Inc experienced fluctuations in its stock price throughout the past year between $168.25 and $410.71. 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 $416.93 at the most recent close of the market. An investor can expect a potential drop of -43.55% based on the average ANET price forecast.
Analyzing the ANET fundamentals
Trailing Twelve Months sales for Arista Networks Inc [NYSE:ANET] were 6.31B which represents 15.87% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 412.02 points at the first support level, and at 407.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 419.78, and for the 2nd resistance point, it is at 422.62.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Arista Networks Inc [NYSE:ANET] is 4.55. As well, the Quick Ratio is 3.70, while the Cash Ratio is 1.12. Considering the valuation of this stock, the price to sales ratio is 20.75, the price to book ratio is 15.53 and price to earnings (TTM) ratio is 54.04.
Transactions by insiders
Recent insider trading involved Duda Kenneth, CTO and SVP Software Eng., that happened on Oct 07 ’24 when 20000.0 shares were sold. CTO and SVP Software Eng., Duda Kenneth completed a deal on Oct 07 ’24 to sell 20000.0 shares. Meanwhile, Officer Kenneth Duda bought 80000.0 shares on Oct 07 ’24.
