Arista Networks, Inc. (NYSE:ANET – Get Free Report) Director Charles H. Giancarlo sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $255.83, for a total transaction of $511,660.00. Following the completion of the transaction, the director now owns 56,946 shares in the company, valued at $14,568,495.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Arista Networks Stock Up 4.8 %
Shares of ANET stock opened at $274.38 on Friday. The company’s fifty day simple moving average is $278.94 and its two-hundred day simple moving average is $248.71. Arista Networks, Inc. has a 52 week low of $131.68 and a 52 week high of $307.74. The stock has a market cap of $86.05 billion, a P/E ratio of 41.76, a PEG ratio of 2.18 and a beta of 1.13.
Arista Networks (NYSE:ANET – Get Free Report) last posted its earnings results on Monday, February 12th. The technology company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.38. Arista Networks had a return on equity of 31.44% and a net margin of 35.62%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, analysts anticipate that Arista Networks, Inc. will post 6.7 EPS for the current fiscal year.
Institutional Trading of Arista Networks
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $320.00 price objective on shares of Arista Networks in a research note on Tuesday, February 13th. Barclays upped their price target on Arista Networks from $272.00 to $311.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. The Goldman Sachs Group lifted their price objective on Arista Networks from $313.00 to $356.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Arista Networks in a report on Tuesday, February 13th. Finally, Melius Research raised shares of Arista Networks from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Arista Networks has an average rating of “Moderate Buy” and a consensus price target of $285.53.
Read Our Latest Stock Analysis on Arista Networks
Arista Networks Company Profile
Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.
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