Arista Networks, Inc. (NYSE:ANET – Get Rating) insider John F. Mccool sold 1,000 shares of Arista Networks stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $115.71, for a total value of $115,710.00. Following the completion of the transaction, the insider now owns 166 shares of the company’s stock, valued at approximately $19,207.86. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of NYSE ANET opened at $117.79 on Thursday. The business has a fifty day simple moving average of $126.33 and a two-hundred day simple moving average of $128.66. The firm has a market cap of $36.30 billion, a PE ratio of 40.34, a price-to-earnings-growth ratio of 2.43 and a beta of 1.28. Arista Networks, Inc. has a twelve month low of $77.30 and a twelve month high of $148.57.
Arista Networks (NYSE:ANET – Get Rating) last released its quarterly earnings results on Monday, May 2nd. The technology company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03. Arista Networks had a return on equity of 21.58% and a net margin of 29.54%. During the same period last year, the business posted $0.57 earnings per share. On average, equities research analysts anticipate that Arista Networks, Inc. will post 3.16 earnings per share for the current year.
ANET has been the subject of a number of recent research reports. Barclays dropped their target price on Arista Networks from $140.00 to $138.00 in a report on Tuesday. Zacks Investment Research cut Arista Networks from a “strong-buy” rating to a “hold” rating and set a $133.00 target price for the company. in a report on Tuesday, April 19th. KeyCorp lifted their target price on Arista Networks from $165.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, February 15th. StockNews.com raised Arista Networks from a “hold” rating to a “buy” rating in a research note on Tuesday, April 26th. Finally, Wells Fargo & Company raised Arista Networks from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $142.00 to $160.00 in a research note on Thursday, March 10th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $153.61.
Arista Networks Company Profile (Get Rating)
Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms.
- Get a free copy of the StockNews.com research report on Arista Networks (ANET)
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