3 days Ago By ABMN Staff
Arista Networks, Inc. ( NYSE:ANET – Get Free Report ) shares gapped down prior to trading on Wednesday after Evercore ISI lowered their price target on the stock from $130.00 to $100.
00. The stock had previously closed at $73.20, but opened at $69.
13. Evercore ISI currently has an outperform rating on the stock. Arista Networks shares last traded at $72.
41, with a volume of 1,052,791 shares changing hands. A number of other equities research analysts have also commented on ANET. The Goldman Sachs Group restated a “buy” rating on shares of Arista Networks in a report on Monday, March 3rd.
Citigroup dropped their price target on Arista Networks from $121.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday.
Piper Sandler reduced their price objective on Arista Networks from $108.00 to $76.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th.
Rosenblatt Securities reissued a “sell” rating and issued a $80.00 target price on shares of Arista Networks in a research report on Tuesday, February 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $145.
00 target price on shares of Arista Networks in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.
com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.29. Check Out Our Latest Research Report on ANET Insider Buying and Selling Institutional Investors Weigh In On Arista Networks Institutional investors have recently modified their holdings of the business.
Caitlin John LLC raised its stake in Arista Networks by 174.7% in the 4th quarter. Caitlin John LLC now owns 239 shares of the technology company’s stock worth $26,000 after purchasing an additional 152 shares in the last quarter.
Capital Advisors Ltd. LLC grew its position in shares of Arista Networks by 335.1% during the 4th quarter.
Capital Advisors Ltd. LLC now owns 248 shares of the technology company’s stock worth $27,000 after purchasing an additional 191 shares in the last quarter. New Millennium Group LLC increased its holdings in shares of Arista Networks by 300.
0% during the fourth quarter. New Millennium Group LLC now owns 260 shares of the technology company’s stock worth $29,000 after purchasing an additional 195 shares during the period. Quarry LP raised its position in shares of Arista Networks by 381.
5% in the fourth quarter. Quarry LP now owns 260 shares of the technology company’s stock valued at $29,000 after buying an additional 206 shares in the last quarter. Finally, Dunhill Financial LLC boosted its stake in shares of Arista Networks by 415.
7% in the fourth quarter. Dunhill Financial LLC now owns 263 shares of the technology company’s stock valued at $29,000 after buying an additional 212 shares during the period. Institutional investors own 82.
47% of the company’s stock. Arista Networks Price Performance The stock has a 50-day moving average of $86.13 and a 200-day moving average of $99.
61. The firm has a market cap of $90.73 billion, a price-to-earnings ratio of 32.
41, a P/E/G ratio of 3.10 and a beta of 1.30.
Arista Networks ( NYSE:ANET – Get Free Report ) last released its earnings results on Tuesday, February 18th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
57 by $0.02. Arista Networks had a return on equity of 29.
91% and a net margin of 40.72%. The company had revenue of $1.
93 billion for the quarter, compared to analyst estimates of $1.90 billion. On average, equities analysts expect that Arista Networks, Inc.
will post 2.2 EPS for the current fiscal year. Arista Networks Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for Arista Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks and related companies with MarketBeat.com's FREE daily email newsletter .
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