Arista Networks (NYSE:ANET – Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.53 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Arista Networks (NYSE:ANET – Get Free Report) last issued its earnings results on Monday, February 12th. The technology company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.38. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Arista Networks had a net margin of 35.62% and a return on equity of 31.44%. The firm’s revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. On average, analysts expect Arista Networks to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Arista Networks Trading Down 0.4 %
Shares of ANET stock opened at $263.67 on Tuesday. The company has a market cap of $82.69 billion, a P/E ratio of 40.13, a PEG ratio of 2.26 and a beta of 1.09. The firm has a fifty day moving average price of $279.13 and a 200 day moving average price of $248.11. Arista Networks has a 12 month low of $131.68 and a 12 month high of $307.74.
Insider Activity at Arista Networks
Wall Street Analyst Weigh In
A number of research firms have recently commented on ANET. The Goldman Sachs Group increased their price objective on Arista Networks from $313.00 to $356.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Needham & Company LLC reissued a “buy” rating and set a $320.00 price objective on shares of Arista Networks in a report on Tuesday, February 13th. Barclays upped their target price on shares of Arista Networks from $272.00 to $311.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of Arista Networks from $297.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, Evercore ISI restated an “outperform” rating and issued a $300.00 price objective on shares of Arista Networks in a research note on Wednesday, March 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $275.59.
Read Our Latest Research Report on ANET
About Arista Networks
Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.
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