The stock of Arista Networks Inc (ANET) has seen a 1.32% increase in the past week, with a 1.91% gain in the past month, and a 11.44% flourish in the past quarter. The volatility ratio for the week is 2.02%, and the volatility levels for the past 30 days are at 4.12% for ANET. The simple moving average for the past 20 days is 5.90% for ANET’s stock, with a 25.25% simple moving average for the past 200 days.
Is It Worth Investing in Arista Networks Inc (NYSE: ANET) Right Now?
Arista Networks Inc (NYSE: ANET) has a price-to-earnings ratio that is above its average at 45.79x. The stock has a 36-month beta value of 1.08. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 5 as “overweight,” 9 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ANET is 256.87M, and at present, short sellers hold a 0.81% of that float. On August 21, 2024, the average trading volume of ANET was 2.27M shares.
ANET) stock’s latest price update
The stock of Arista Networks Inc (NYSE: ANET) has decreased by -0.15 when compared to last closing price of 353.79.Despite this, the company has seen a gain of 1.32% in its stock price over the last five trading days. zacks.com reported 2024-08-21 that Here is how Arista Networks (ANET) and Criteo S.A. (CRTO) have performed compared to their sector so far this year.
Analysts’ Opinion of ANET
Many brokerage firms have already submitted their reports for ANET stocks, with Citigroup repeating the rating for ANET by listing it as a “Buy.” The predicted price for ANET in the upcoming period, according to Citigroup is $385 based on the research report published on June 27, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see ANET reach a price target of $320, previously predicting the price at $240. The rating they have provided for ANET stocks is “Buy” according to the report published on May 03rd, 2024.
Rosenblatt gave a rating of “Sell” to ANET, setting the target price at $210 in the report published on April 12th of the current year.
ANET Trading at 4.05% 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 -6.17% of loss for the given period.
Volatility was left at 4.12%, however, over the last 30 days, the volatility rate increased by 2.02%, as shares surge +9.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.58% upper at present.
During the last 5 trading sessions, ANET rose by +2.06%, which changed the moving average for the period of 200-days by +68.11% in comparison to the 20-day moving average, which settled at $335.06. In addition, Arista Networks Inc saw 50.00% 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 Battles Kelly Bodnar, who sale 216 shares at the price of $324.02 back on Aug 06 ’24. After this action, Battles Kelly Bodnar now owns 2,726 shares of Arista Networks Inc, valued at $69,988 using the latest closing price.
Ullal Jayshree, the President and CEO of Arista Networks Inc, sale 832 shares at $318.12 during a trade that took place back on Aug 02 ’24, which means that Ullal Jayshree is holding 17,681 shares at $264,678 based on the most recent closing price.
Stock Fundamentals for ANET
Current profitability levels for the company are sitting at:
- 0.41 for the present operating margin
- 0.64 for the gross margin
The net margin for Arista Networks Inc stands at 0.39. The total capital return value is set at 0.28. Equity return is now at value 34.46, with 24.86 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 25.3. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 214.25.
Currently, EBITDA for the company is 2.31 billion with net debt to EBITDA at -0.91. When we switch over and look at the enterprise to sales, we see a ratio of 17.3. The receivables turnover for the company is 5.14for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.55.
Conclusion
To sum up, Arista Networks Inc (ANET) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
