The price of Arista Networks Inc. (NYSE: ANET) closed at 112.55 in the last session, down -1.12% from day before closing price of $113.82. In other words, the price has decreased by $-1.27 from its previous closing price. On the day, 1472753 shares were traded. ANET reached its highest trading level at $113.68 during the session, while it also had its lowest trading level at $111.19.
We take a closer look at ANET’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.94. For the most recent quarter (mrq), Quick Ratio is recorded 3.00 and its Current Ratio is at 3.70. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
On August 24, 2022, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $135.
BofA Securities Downgraded its Buy to Underperform on July 20, 2022, whereas the target price for the stock was revised from $140 to $105.
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 12 when Duda Kenneth sold 19,500 shares for $125.03 per share. The transaction valued at 2,438,058 led to the insider holds 258,100 shares of the business.
Duda Kenneth sold 20,000 shares of ANET for $2,500,608 on Sep 12. The CTO and SVP Software Eng. now owns 3,244 shares after completing the transaction at $125.03 per share. On Sep 09, another insider, Giancarlo Charles H, who serves as the Director of the company, sold 2,000 shares for $125.08 each. As a result, the insider received 250,161 and left with 96,946 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ANET now has a Market Capitalization of 34.63B and an Enterprise Value of 31.78B. As of this moment, Arista’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.67, and their Forward P/E ratio for the next fiscal year is 24.52. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.88 while its Price-to-Book (P/B) ratio in mrq is 8.62. Its current Enterprise Value per Revenue stands at 9.08 whereas that against EBITDA is 26.64.
Stock Price History:
The Beta on a monthly basis for ANET is 1.33, which has changed by 25.00% over the last 52 weeks, in comparison to a change of -15.65% over the same period for the S&P500. Over the past 52 weeks, ANET has reached a high of $148.57, while it has fallen to a 52-week low of $85.18. The 50-Day Moving Average of the stock is 118.33, while the 200-Day Moving Average is calculated to be 119.01.
According to the various share statistics, ANET traded on average about 1.91M shares per day over the past 3-months and 2.28M shares per day over the past 10 days. A total of 306.75M shares are outstanding, with a floating share count of 232.84M. Insiders hold about 0.10% of the company’s shares, while institutions hold 67.50% stake in the company. Shares short for ANET as of Aug 30, 2022 were 4.41M with a Short Ratio of 2.31, compared to 4.08M on Jul 28, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.45% and a Short% of Float of 1.80%.
The company has 23 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.04 for the current quarter, with a high estimate of $1.08 and a low estimate of $1.02, while EPS last year was $0.74. The consensus estimate for the next quarter is $1.05, with high estimates of $1.24 and low estimates of $0.88.
Analysts are recommending an EPS of between $4.2 and $3.82 for the fiscal current year, implying an average EPS of $4.01. EPS for the following year is $4.59, with 26 analysts recommending between $6.24 and $4.11.
According to 20 analysts, the current quarter’s revenue is expected to be $1.06B. It ranges from a high estimate of $1.08B to a low estimate of $1.05B. As of the current estimate, Arista Networks Inc.’s year-ago sales were $748.7M, an estimated increase of 41.50% from the year-ago figure. For the next quarter, 20 analysts are estimating revenue of $1.09B, an increase of 32.00% less than the figure of $41.50% in the same quarter last year. There is a high estimate of $1.18B for the next quarter, whereas the lowest estimate is $947.86M.
A total of 25 analysts have provided revenue estimates for ANET’s current fiscal year. The highest revenue estimate was $4.16B, while the lowest revenue estimate was $3.93B, resulting in an average revenue estimate of $4.07B. In the same quarter a year ago, actual revenue was $2.95B, up 38.00% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $4.67B in the next fiscal year. The high estimate is $5.56B and the low estimate is $4.4B. The average revenue growth estimate for next year is up 14.80% from the average revenue estimate for this year.