Arista Networks, Inc. (NYSE:ANET – Get Rating) insider John F. Mccool sold 2,824 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $142.07, for a total value of $401,205.68. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at $10,229.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Arista Networks Stock Up 10.6 %
NYSE ANET opened at $156.20 on Friday. The stock has a market capitalization of $48.15 billion, a PE ratio of 32.54, a price-to-earnings-growth ratio of 1.79 and a beta of 1.26. The firm has a 50 day moving average of $154.14 and a two-hundred day moving average of $138.49. Arista Networks, Inc. has a 52 week low of $89.11 and a 52 week high of $171.44.
Arista Networks (NYSE:ANET – Get Rating) last posted its earnings results on Monday, May 1st. The technology company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Arista Networks had a return on equity of 31.33% and a net margin of 31.24%. The business’s revenue was up 54.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. On average, equities research analysts expect that Arista Networks, Inc. will post 5.23 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Arista Networks
Wall Street Analyst Weigh In
ANET has been the subject of several research analyst reports. Wells Fargo & Company raised their price target on Arista Networks from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, March 22nd. Argus upped their price target on shares of Arista Networks from $175.00 to $195.00 in a research note on Tuesday, May 2nd. StockNews.com started coverage on Arista Networks in a research report on Thursday, May 18th. They set a “hold” rating for the company. Cowen lifted their price target on shares of Arista Networks from $212.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, February 14th. Finally, The Goldman Sachs Group raised their target price on shares of Arista Networks from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, April 5th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Arista Networks presently has a consensus rating of “Moderate Buy” and an average target price of $173.85.
Arista Networks Company Profile
Arista Networks, Inc engages in the business of developing, marketing, and selling cloud networking solutions. The firm is also involved in switching and routing platforms and related network applications. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in November 2004 and is headquartered in Santa Clara, CA.
- Get a free copy of the StockNews.com research report on Arista Networks (ANET)
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