Arista Networks, Inc. (NYSE:ANET – Get Free Report) insider John F. Mccool sold 416 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $254.54, for a total value of $105,888.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Arista Networks Price Performance
NYSE:ANET opened at $274.40 on Monday. The stock’s 50-day moving average is $279.07 and its two-hundred day moving average is $250.02. The stock has a market cap of $85.79 billion, a PE ratio of 41.77, a price-to-earnings-growth ratio of 2.34 and a beta of 1.13. Arista Networks, Inc. has a fifty-two week low of $131.68 and a fifty-two week high of $307.74.
Arista Networks (NYSE:ANET – Get Free Report) last released its quarterly earnings data on Monday, February 12th. The technology company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.38. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Arista Networks had a net margin of 35.62% and a return on equity of 31.44%. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 EPS. On average, equities research analysts anticipate that Arista Networks, Inc. will post 6.74 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Arista Networks
Institutional Trading of Arista Networks
Institutional investors have recently bought and sold shares of the company. Benjamin Edwards Inc. purchased a new stake in shares of Arista Networks during the 1st quarter worth about $26,000. Larson Financial Group LLC bought a new stake in shares of Arista Networks in the 3rd quarter valued at approximately $28,000. First Command Advisory Services Inc. acquired a new position in Arista Networks in the third quarter worth approximately $29,000. Financial Synergies Wealth Advisors Inc. raised its position in Arista Networks by 872.7% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 107 shares of the technology company’s stock valued at $31,000 after acquiring an additional 96 shares in the last quarter. Finally, BluePath Capital Management LLC acquired a new stake in Arista Networks in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 82.47% of the company’s stock.
About Arista Networks
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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