Arista Networks Inc (NYSE: ANET) has a higher price-to-earnings ratio of 41.82x compared to its average ratio. ANET has 36-month beta value of 1.06. Analysts have mixed views 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 256.23M, and currently, short sellers hold a 1.09% ratio of that float. The average trading volume of ANET on May 07, 2024 was 2.71M shares.
ANET) stock’s latest price update
The stock of Arista Networks Inc (NYSE: ANET) has decreased by -1.33 when compared to last closing price of 278.82. Despite this, the company has experienced a 7.23% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that Arista (ANET) is expected to have recorded year-over-year higher revenues in the first quarter on the back of easing of supply chain anomalies and an improvement in lead time.
ANET’s Market Performance
Arista Networks Inc (ANET) has seen a 7.23% rise in stock performance for the week, with a -7.49% decline in the past month and a 3.85% surge in the past quarter. The volatility ratio for the week is 3.08%, and the volatility levels for the past 30 days are at 3.56% for ANET. The simple moving average for the past 20 days is 3.60% for ANET’s stock, with a 19.98% simple moving average for the past 200 days.
Analysts’ Opinion of ANET
Many brokerage firms have already submitted their reports for ANET stocks, with Jefferies repeating the rating for ANET by listing it as a “Buy.” The predicted price for ANET in the upcoming period, according to Jefferies is $320 based on the research report published on May 03, 2024 of the current year 2024.
Rosenblatt, on the other hand, stated in their research note that they expect to see ANET reach a price target of $210. The rating they have provided for ANET stocks is “Sell” according to the report published on April 12th, 2024.
ANET Trading at -1.34% 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 -10.61% of loss for the given period.
Volatility was left at 3.56%, however, over the last 30 days, the volatility rate increased by 3.08%, as shares sank -7.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.09% upper at present.
During the last 5 trading sessions, ANET rose by +6.79%, which changed the moving average for the period of 200-days by +59.63% in comparison to the 20-day moving average, which settled at $264.50. In addition, Arista Networks Inc saw 16.81% 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 Ullal Jayshree, who sale 1,500 shares at the price of $258.77 back on May 02 ’24. After this action, Ullal Jayshree now owns 17,681 shares of Arista Networks Inc, valued at $388,156 using the latest closing price.
McCool John F, the Chief Platform Officer of Arista Networks Inc, sale 584 shares at $258.27 during a trade that took place back on May 02 ’24, which means that McCool John F is holding 0 shares at $150,830 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 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 14.51.
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 14.34. 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
To put it simply, Arista Networks Inc (ANET) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
