Arista Networks Inc (NYSE: ANET)’s stock price has plunge by -7.54relation to previous closing price of 353.38. Nevertheless, the company has seen a -5.21% plunge in its stock price over the last five trading sessions. forbes.com reported 2024-09-03 that How fast are earnings growing on a growth stock? How big a premium do you have to pay to get that stock?
Is It Worth Investing in Arista Networks Inc (NYSE: ANET) Right Now?
Arista Networks Inc (NYSE: ANET) has a higher price-to-earnings ratio of 42.35x compared to its average ratio, The 36-month beta value for ANET is at 1.07. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 5 rating it as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for ANET is 257.02M, and currently, shorts hold a 1.02% of that float. The average trading volume for ANET on September 04, 2024 was 2.11M shares.
ANET’s Market Performance
ANET stock saw an increase of -5.21% in the past week, with a monthly gain of 2.31% and a quarterly increase of 10.23%. The volatility ratio for the week is 4.33%, and the volatility levels for the last 30 days are 3.54% for Arista Networks Inc (ANET). The simple moving average for the last 20 days is -4.89% for ANET stock, with a simple moving average of 13.61% for the last 200 days.
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 -4.88% 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 -13.22% of loss for the given period.
Volatility was left at 3.54%, however, over the last 30 days, the volatility rate increased by 4.33%, as shares surge +3.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.15% lower at present.
During the last 5 trading sessions, ANET fell by -5.21%, which changed the moving average for the period of 200-days by +51.82% in comparison to the 20-day moving average, which settled at $344.10. In addition, Arista Networks Inc saw 38.73% 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 1999 McCool Family Trust, who proposed sale 584 shares at the price of $353.38 back on Sep 03 ’24. After this action, 1999 McCool Family Trust now owns shares of Arista Networks Inc, valued at $206,374 using the latest closing price.
MARC TAXAY, the Officer of Arista Networks Inc, proposed sale 4,497 shares at $353.38 during a trade that took place back on Sep 03 ’24, which means that MARC TAXAY is holding shares at $1,589,150 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 15.88. 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
In conclusion, Arista Networks Inc (ANET) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
