In the past week, ANET stock has gone down by -6.74%, with a monthly decline of -19.41% and a quarterly plunge of -7.93%. The volatility ratio for the week is 3.17%, and the volatility levels for the last 30 days are 3.39% for Arista Networks Inc. The simple moving average for the past 20 days is -13.88% for ANET’s stock, with a 9.55% simple moving average for the past 200 days.
Is It Worth Investing in Arista Networks Inc (NYSE: ANET) Right Now?
The price-to-earnings ratio for Arista Networks Inc (NYSE: ANET) is above average at 37.31x, Company’s 36-month beta value is 1.15.Analysts have differing opinions on the stock, with 11 analysts rating it as a “buy,” 5 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for ANET is 255.44M, and currently, short sellers hold a 1.12% ratio of that floaft. The average trading volume of ANET on April 23, 2024 was 2.65M shares.
ANET) stock’s latest price update
The stock of Arista Networks Inc (NYSE: ANET) has decreased by -0.25 when compared to last closing price of 246.09.Despite this, the company has seen a loss of -6.74% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-22 that We have narrowed our search to five U.S. bigwigs (market capital > $70 billion) with attractive valuations. These are: NVDA, MU, BDX, ANET, EQIX.
Analysts’ Opinion of ANET
Many brokerage firms have already submitted their reports for ANET stocks, with Rosenblatt repeating the rating for ANET by listing it as a “Sell.” The predicted price for ANET in the upcoming period, according to Rosenblatt is $210 based on the research report published on April 12, 2024 of the current year 2024.
Citigroup gave a rating of “Buy” to ANET, setting the target price at $300 in the report published on December 14th of the previous year.
ANET Trading at -12.45% from the 50-Day Moving Average
After a stumble in the market that brought ANET to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.23% of loss for the given period.
Volatility was left at 3.39%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares sank -19.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.03% lower at present.
During the last 5 trading sessions, ANET fell by -6.74%, which changed the moving average for the period of 200-days by +54.48% in comparison to the 20-day moving average, which settled at $281.98. In addition, Arista Networks Inc saw 4.23% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ANET starting from Duda Kenneth, who sale 20,000 shares at the price of $290.05 back on Apr 10 ’24. After this action, Duda Kenneth now owns 3,244 shares of Arista Networks Inc, valued at $5,800,910 using the latest closing price.
Duda Kenneth, the CTO and SVP Software Eng. of Arista Networks Inc, sale 16,000 shares at $290.05 during a trade that took place back on Apr 10 ’24, which means that Duda Kenneth is holding 243,268 shares at $4,640,725 based on the most recent closing price.
Stock Fundamentals for ANET
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 0.62 for the gross margin
The net margin for Arista Networks Inc stands at 0.36. The total capital return value is set at 0.28. Equity return is now at value 34.49, with 24.96 for asset returns.
Based on Arista Networks Inc (ANET), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 21.24.
Currently, EBITDA for the company is 2.31 billion with net debt to EBITDA at -0.8. When we switch over and look at the enterprise to sales, we see a ratio of 12.78. The receivables turnover for the company is 5.72for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.39.
Conclusion
In a nutshell, Arista Networks Inc (ANET) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
