Arista Networks, Inc. (NYSE:ANET – Get Free Report) Director Charles H. Giancarlo sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $382.52, for a total transaction of $765,040.00. Following the completion of the sale, the director now owns 46,946 shares of the company’s stock, valued at approximately $17,957,783.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Arista Networks Stock Up 0.1 %
Shares of ANET stock traded up $0.30 on Thursday, reaching $389.92. 1,130,988 shares of the stock were exchanged, compared to its average volume of 2,269,743. Arista Networks, Inc. has a 1-year low of $168.25 and a 1-year high of $395.82. The stock has a market cap of $122.19 billion, a P/E ratio of 54.31, a price-to-earnings-growth ratio of 3.04 and a beta of 1.07. The firm has a 50 day moving average of $350.01 and a two-hundred day moving average of $323.05.
Arista Networks (NYSE:ANET – Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.38. Arista Networks had a return on equity of 30.50% and a net margin of 39.01%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the business posted $1.41 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities research analysts predict that Arista Networks, Inc. will post 7.38 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $375.00 price target on shares of Arista Networks in a research note on Wednesday, July 31st. Rosenblatt Securities lifted their price objective on Arista Networks from $220.00 to $265.00 and gave the stock a “sell” rating in a report on Wednesday, July 31st. Erste Group Bank reissued a “buy” rating on shares of Arista Networks in a report on Friday, June 14th. The Goldman Sachs Group lifted their price target on Arista Networks from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, Bank of America raised their target price on shares of Arista Networks from $320.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, June 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Arista Networks presently has a consensus rating of “Moderate Buy” and a consensus target price of $364.81.
Read Our Latest Report on ANET
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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