Arista Networks Inc (NYSE:ANET) insider John F. Mccool sold 567 shares of Arista Networks stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $220.25, for a total transaction of $124,881.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of ANET traded up $0.22 during trading hours on Friday, reaching $219.24. 235,155 shares of the stock traded hands, compared to its average volume of 1,088,642. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.11 and a current ratio of 4.51. Arista Networks Inc has a 52-week low of $206.86 and a 52-week high of $313.37. The stock has a market cap of $16.52 billion, a price-to-earnings ratio of 47.15, a price-to-earnings-growth ratio of 1.50 and a beta of 1.56.
Arista Networks (NYSE:ANET) last released its earnings results on Thursday, November 1st. The technology company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.21. Arista Networks had a net margin of 28.05% and a return on equity of 29.06%. The company had revenue of $563.31 million for the quarter, compared to analysts’ expectations of $548.81 million. During the same quarter in the previous year, the company earned $1.62 EPS. Arista Networks’s revenue for the quarter was up 28.7% on a year-over-year basis. On average, equities research analysts predict that Arista Networks Inc will post 6.84 earnings per share for the current year.
A number of brokerages have recently issued reports on ANET. Loop Capital boosted their price objective on shares of Arista Networks to $260.00 and gave the company a “hold” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call. BMO Capital Markets raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $279.00 price objective for the company in a research report on Wednesday, October 17th. They noted that the move was a valuation call. Stifel Nicolaus set a $275.00 price objective on shares of Arista Networks and gave the company a “buy” rating in a research report on Friday, November 2nd. KeyCorp reissued a “buy” rating and set a $310.00 price objective on shares of Arista Networks in a research report on Friday, August 3rd. Finally, Zacks Investment Research raised shares of Arista Networks from a “hold” rating to a “buy” rating and set a $289.00 price objective for the company in a research report on Monday, November 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $293.48.
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Arista Networks Company Profile
Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.
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