Arista Networks Inc (NYSE: ANET)’s stock price has decreased by -2.87 compared to its previous closing price of 406.01. However, the company has seen a 0.52% increase in its stock price over the last five trading sessions. zacks.com reported 2024-10-21 that The latest trading day saw Arista Networks (ANET) settling at $406.01, representing a +1% change from its previous close.
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 51.12x. 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.”
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The public float for ANET is 257.21M, and at present, short sellers hold a 0.98% of that float. On October 22, 2024, the average trading volume of ANET was 1.79M shares.
ANET’s Market Performance
The stock of Arista Networks Inc (ANET) has seen a 0.52% increase in the past week, with a 2.28% rise in the past month, and a 21.02% gain in the past quarter. The volatility ratio for the week is 3.48%, and the volatility levels for the past 30 days are at 2.65% for ANET. The simple moving average for the past 20 days is -0.72% for ANET’s stock, with a 25.24% simple moving average for the past 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 6.75% 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 -6.71% of loss for the given period.
Volatility was left at 2.65%, however, over the last 30 days, the volatility rate increased by 3.48%, as shares surge +2.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.70% upper at present.
During the last 5 trading sessions, ANET rose by +0.65%, which changed the moving average for the period of 200-days by +70.99% in comparison to the 20-day moving average, which settled at $397.23. In addition, Arista Networks Inc saw 67.45% 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 $394.69 back on Oct 07 ’24. After this action, Duda Kenneth now owns 3,244 shares of Arista Networks Inc, valued at $7,893,865 using the latest closing price.
Duda Kenneth, the CTO and SVP Software Eng. of Arista Networks Inc, sale 20,000 shares at $394.69 during a trade that took place back on Oct 07 ’24, which means that Duda Kenneth is holding 178,600 shares at $7,893,864 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 19.24. 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.
