Stocks of Arista Networks Inc (NYSE:ANET) traded higher last session on Wall Street, down -0.93% to $71.20.
ANET stock price is now -18.37% away from the 50-day moving average and -25.42% away from the 200-day moving average. The market capitalization of the company currently stands at $89.79B.
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With the price target reduced from $130 to $100, Evercore ISI maintained Outperform rating for Arista Networks Inc (NYSE: ANET). On March 05, 2025, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $112 to quote $115, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Duda Kenneth, CTO and SVP Software Eng. sold 30 shares of the company’s stock on Apr 07 ’25. The stock was sold for $2,112 at an average price of $70.40. Upon completion of the transaction, the CTO and SVP Software Eng. now directly owns 618,400 shares in the company, valued at $44.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 07 ’25, CTO and SVP Software Eng. Duda Kenneth sold 80,000 shares of the business’s stock. A total of $5,342,980 was realized by selling the stock at an average price of $66.79. This leaves the insider owning 12,976 shares of the company worth $0.92 million. A total of 17.91% of the company’s stock is owned by insiders.
During the past 12 months, Arista Networks Inc has had a low of $59.43 and a high of $133.57. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 4.36, and a quick ratio of 3.69. According to the stock market information, the enterprise value for the company is $81548099584, which is based on a 31.99 price-to-earnings ratio, a 2.01 price-to-earnings-growth ratio, and a beta of 1.40. The fifty day moving average price for ANET is $87.2238 and a two-hundred day moving average price translates $95.47106 for the stock.
The latest earnings results from Arista Networks Inc (NYSE: ANET) was released for 2024-12-31. The net profit margin was 40.73% and return on equity was 33.14% for ANET. The company reported revenue of $1.93 billion for the quarter, compared to $1.54 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.32 percent.
