Stocks of Arista Networks Inc (NYSE:ANET) traded higher last session on Wall Street, up 0.18% to $114.86.
ANET stock price is now 11.53% away from the 50-day moving average and 32.15% away from the 200-day moving average. The market capitalization of the company currently stands at $144.70B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, McCool John F, Chief Platform Officer sold 288 shares of the company’s stock on Dec 09 ’24. The stock was sold for $31,306 at an average price of $108.70. Upon completion of the transaction, the Chief Platform Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06 ’24, CTO and SVP Software Eng. Duda Kenneth sold 80,000 shares of the business’s stock. A total of $8,663,090 was realized by selling the stock at an average price of $108.29. This leaves the insider owning 12,976 shares of the company worth $1.49 million. A total of 18.04% of the company’s stock is owned by insiders.
During the past 12 months, Arista Networks Inc has had a low of $56.65 and a high of $116.94. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.47, and a quick ratio of 3.69. According to the stock market information, the enterprise value for the company is $28169779200, which is based on a 55.14 price-to-earnings ratio, a 3.06 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for ANET is $102.6459 and a two-hundred day moving average price translates $86.691635 for the stock.
The latest earnings results from Arista Networks Inc (NYSE: ANET) was released for 2024-09-30. The net profit margin was 40.29% and return on equity was 33.83% for ANET. The company reported revenue of $1.81 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.97 percent.
