Arista Networks Inc (NYSE:ANET) insider John F. Mccool sold 83 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $272.64, for a total transaction of $22,629.12. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of Arista Networks stock opened at $263.87 on Thursday. The firm has a market cap of $20.54 billion, a PE ratio of 56.75, a price-to-earnings-growth ratio of 2.01 and a beta of 1.46. Arista Networks Inc has a 1-year low of $177.92 and a 1-year high of $313.37. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.87 and a current ratio of 3.17.
Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Thursday, August 2nd. The technology company reported $1.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.43. The business had revenue of $519.85 million for the quarter, compared to analysts’ expectations of $509.62 million. Arista Networks had a net margin of 28.07% and a return on equity of 28.51%. The company’s revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 EPS. equities analysts expect that Arista Networks Inc will post 6.43 EPS for the current fiscal year.
Several brokerages recently weighed in on ANET. UBS Group started coverage on shares of Arista Networks in a research report on Wednesday. They set a “neutral” rating and a $290.00 price target for the company. Credit Suisse Group set a $303.00 target price on shares of Arista Networks and gave the stock a “buy” rating in a research report on Friday, June 29th. Loop Capital lifted their target price on shares of Arista Networks to $260.00 and gave the stock a “hold” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call. KeyCorp reaffirmed a “buy” rating and issued a $310.00 target price on shares of Arista Networks in a research report on Friday, August 3rd. Finally, ValuEngine downgraded shares of Arista Networks from a “buy” rating to a “hold” rating in a research report on Thursday, May 31st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Arista Networks has a consensus rating of “Buy” and an average target price of $288.27.
Institutional investors have recently modified their holdings of the company. Three Peaks Capital Management LLC purchased a new position in shares of Arista Networks during the 1st quarter worth $101,000. Group One Trading L.P. purchased a new position in shares of Arista Networks during the 1st quarter worth $102,000. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new position in shares of Arista Networks during the 2nd quarter worth $129,000. Signet Financial Management LLC purchased a new position in shares of Arista Networks during the 2nd quarter worth $142,000. Finally, Cerebellum GP LLC purchased a new position in shares of Arista Networks during the 2nd quarter worth $159,000. Institutional investors and hedge funds own 54.71% of the company’s stock.
Arista Networks Company Profile
Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.
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