This Analyst Recently Issued Research Note On Arista Networks Inc. (ANET)

As of Friday close, Arista Networks Inc.’s (NYSE:ANET) stock was up $6.98, moving up 6.87 percent to $108.65. The average number of shares traded per day over the past five days has been 2,359,660 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.33 fall in that time frame. In the last twenty days, the average volume was 2,171,280, while in the previous 50 days, it was 1,973,958.

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Since last month, ANET stock retreated -17.29%. Shares of the company fell to $99.22 on 05/12/22, the lowest level in the past month. A 52-week high of $148.57 was reached on 01/03/22 after having rallying from a 52-week low of $78.33. Since the beginning of this year, ANET’s stock price has dropped by -24.42% or -$35.10, and marked a new high 1 time. However, the stock has declined by -26.87% since its 52-week high.

Arista Networks Inc. (ANET) last reported insider trading activity 4 days ago on May 10. Duda Kenneth, the CTO and SVP Software Eng. of the company, disposed of 3,500 shares for $104.81 on May 10. It resulted in a $366,849 divestment by the insider. MATHER ANN sold 1,668 shares at an average price of $113.40 on May 05. The insider now owns 3,224 shares following the transaction. On May 02, Chief Platform Officer McCool John F sold 1,000 shares at $115.71 apiece. The transaction was valued at $115,710.

Valuation Metrics

Right now, Arista Networks Inc. (ANET) has a P/E ratio of about 37.22. The stock’s beta is 1.28. Besides these, the trailing price-to-sales (P/S) ratio of 10.61, the price-to-book (PB) ratio of 8.06, and the price-to-cash flow ratio of 37.06 may also be considered.

Financial Health

In the three months ended September 29, Arista Networks Inc.’s quick ratio stood at 3.20, while its current ratio was 3.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 63.60% percent. In the year ended September 29, operating margins totaled 31.60%. Based on annual data, ANET earned $1.88 billion in gross profit and brought in $2.95 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 21.00%. Return on equity (ROE) for the past 12 months was 23.80%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ANET’s revenue rose 26.06% to $748.7 million during the quarter, while net income inched up to $877.07 million. While analysts expected Arista Networks Inc. to report $0.68 quarterly earnings, the actual figure was $0.74 per share, beating the consensus estimate by 8.80%. During the quarter, the company generated $298.11 million in EBITDA. The liabilities of Arista Networks Inc. were 1.96 billion at the end of its most recent quarter ended September 29, and its total debt was $61.63 million. The value of shareholders’ equity is $308.26 million.

Technical Picture

This quick technical analysis looks at Arista Networks Inc.’s (ANET) price momentum. With a historical volatility rate of 68.81%, the RSI 9-day stood at 43.41% on 13 May.

With respect to its five-day moving average, the current Arista Networks Inc. price is down by -2.10% percent or -$2.33. At present, ANET shares trade -14.16% below its 20-day simple moving average and -19.12% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.71% below its SMA50 and +14.07% above its SMA200.

Stochastic coefficient K was 19.73% and Stochastic coefficient D was 12.16%, while ATR was 5.89. Given the Stochastic reading of 41.71% for the 14-day period, the RSI (14) reading has been calculated as 41.55%. As of today, the MACD Oscillator reading stands at -3.88, while the 14-day reading stands at -7.00.

Analyst Ratings

Wells Fargo upgraded its rating on Arista Networks Inc. (NYSE: ANET) to an Overweight in a note to investors on March 10, 2022. The analysts firm previously had an Equal weight rating on the stock.Arista Networks Inc. (ANET) has been rated Overweight by analysts. According to 0 brokerage firms , ANET is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Arista Networks Inc. stock as buy, with 15 recommending it as overweight.

With a median target price of $150.00, the current consensus forecast for the stock is $130.00 – $178.00. Based on these forecasts, analysts predict Arista Networks Inc. (ANET) will achieve an average price target of $151.95.


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