Analytical Overview: Arista Networks Inc (ANET)’s Ratios Tell a Financial Story

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As of close of business last night, Arista Networks Inc’s stock clocked out at $340.19, down -0.04% from its previous closing price of $340.34. In other words, the price has decreased by -$0.04 from its previous closing price. On the day, 3.49 million shares were traded. ANET stock price reached its highest trading level at $345.89 during the session, while it also had its lowest trading level at $336.83.

Ratios:

To gain a deeper understanding of ANET’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 49.93. For the most recent quarter (mrq), Quick Ratio is recorded 3.87 and its Current Ratio is at 5.01. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on May 03, 2024, Upgraded its rating to Buy and sets its target price to $320 from $240 previously.

On April 12, 2024, Rosenblatt Downgraded its rating to Sell which previously was Buy but kept the price unchanged to $210.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 17 ’24 when Ullal Jayshree sold 25,000 shares for $337.00 per share. The transaction valued at 8,425,000 led to the insider holds 1,605,800 shares of the business.

Scheinman Daniel sold 1,000 shares of ANET for $328,169 on Jun 14 ’24. The Director now owns 37,732 shares after completing the transaction at $328.17 per share. On Jun 13 ’24, another insider, Duda Kenneth, who serves as the CTO and SVP Software Eng. of the company, sold 20,000 shares for $325.88 each. As a result, the insider received 6,517,617 and left with 3,244 shares of the company.

Valuation Measures:

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 106649903104 and an Enterprise Value of 101219196928. As of this moment, Arista’s Price-to-Earnings (P/E) ratio for their current fiscal year is 47.32, and their Forward P/E ratio for the next fiscal year is 38.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.53 while its Price-to-Book (P/B) ratio in mrq is 13.57. Its current Enterprise Value per Revenue stands at 16.647 whereas that against EBITDA is 40.45.

Stock Price History:

The Beta on a monthly basis for ANET is 1.10, which has changed by 1.2859159 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, ANET has reached a high of $344.13, while it has fallen to a 52-week low of $148.32. The 50-Day Moving Average of the stock is 16.59%, while the 200-Day Moving Average is calculated to be 36.61%.

Shares Statistics:

It appears that ANET traded 2.58M shares on average per day over the past three months and 2482930 shares per day over the past ten days. A total of 312.25M shares are outstanding, with a floating share count of 256.34M. Insiders hold about 18.20% of the company’s shares, while institutions hold 69.34% stake in the company. Shares short for ANET as of 1715731200 were 3416143 with a Short Ratio of 1.41, compared to 1713139200 on 2786767. Therefore, it implies a Short% of Shares Outstanding of 3416143 and a Short% of Float of 1.13.

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