In yesterday’s Wall Street session, Arista Networks Inc (NYSE:ANET) shares traded at $346.55, up 11.28% from the previous session.
ANET stock price is now 5.19% away from the 50-day moving average and 27.94% away from the 200-day moving average. The market capitalization of the company currently stands at $108.59B.
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With the price target enhanced from $330 to $385, Citigroup maintained Buy rating for Arista Networks Inc (NYSE: ANET). On May 03, 2024, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $240 to quote $320, while ‘Rosenblatt’ rates the stock as ‘Sell’
In other news, Duda Kenneth, CTO and SVP Software Eng. sold 20,000 shares of the company’s stock on Jul 08 ’24. The stock was sold for $7,414,055 at an average price of $370.70. Upon completion of the transaction, the CTO and SVP Software Eng. now directly owns 190,600 shares in the company, valued at $66.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 08 ’24, CTO and SVP Software Eng. Duda Kenneth sold 20,000 shares of the business’s stock. A total of $7,414,054 was realized by selling the stock at an average price of $370.70. This leaves the insider owning 3,244 shares of the company worth $1.12 million. A total of 18.17% of the company’s stock is owned by insiders.
During the past 12 months, Arista Networks Inc has had a low of $150.72 and a high of $376.50. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.55, and a quick ratio of 3.70. According to the stock market information, the enterprise value for the company is $91421925376, which is based on a 44.92 price-to-earnings ratio, a 2.32 price-to-earnings-growth ratio, and a beta of 1.12. The fifty day moving average price for ANET is $329.9916 and a two-hundred day moving average price translates $271.6276 for the stock.
The latest earnings results from Arista Networks Inc (NYSE: ANET) was released for 2024-06-30. The net profit margin was 39.01% and return on equity was 34.46% for ANET. The company reported revenue of $1.57 billion for the quarter, compared to $1.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.28 percent.
