Arista Networks Inc (NYSE: ANET) closed the day trading at $288.41 down -3.16% from the previous closing price of $297.83. In other words, the price has decreased by -$9.42 from its previous closing price. On the day, 3201525 shares were traded.
Ratios:
For a better understanding of ANET, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 45.09. For the most recent quarter (mrq), Quick Ratio is recorded 3.31 and its Current Ratio is at 4.39. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
On December 14, 2023, Citigroup reiterated its Buy rating and also lowered its target price recommendation from $220 to $300.
Morgan Stanley Upgraded its Equal-Weight to Overweight on October 31, 2023, whereas the target price for the stock was revised from $185 to $220.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 25 ’24 when Ullal Jayshree sold 22,000 shares for $301.45 per share. The transaction valued at 6,631,900 led to the insider holds 1,660,800 shares of the business.
Ullal Jayshree sold 22,000 shares of ANET for $6,666,000 on Mar 22 ’24. The President and CEO now owns 1,665,300 shares after completing the transaction at $303.00 per share. On Mar 21 ’24, another insider, Ullal Jayshree, who serves as the President and CEO of the company, sold 21,500 shares for $299.00 each. As a result, the insider received 6,428,500 and left with 1,669,800 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 90.17B and an Enterprise Value of 85.76B. As of this moment, Arista’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.84, and their Forward P/E ratio for the next fiscal year is 33.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.39 while its Price-to-Book (P/B) ratio in mrq is 12.47. Its current Enterprise Value per Revenue stands at 14.63 whereas that against EBITDA is 36.84.
Stock Price History:
Over the past 52 weeks, ANET has reached a high of $307.74, while it has fallen to a 52-week low of $131.68. The 50-Day Moving Average of the stock is 274.96, while the 200-Day Moving Average is calculated to be 214.25.
Shares Statistics:
Over the past 3-months, ANET traded about 2.41M shares per day on average, while over the past 10 days, ANET traded about 3.24M shares per day. A total of 312.25M shares are outstanding, with a floating share count of 255.19M. Insiders hold about 18.37% of the company’s shares, while institutions hold 69.40% stake in the company. Shares short for ANET as of Feb 29, 2024 were 3.7M with a Short Ratio of 1.33, compared to 3.65M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.18% and a Short% of Float of 1.45%.
Earnings Estimates
Current recommendations for the stock of the company come from 21 analysts. On average, analysts expect EPS of $1.74 for the current quarter, with a high estimate of $1.97 and a low estimate of $1.66, while EPS last year was $1.43. The consensus estimate for the next quarter is $1.82, with high estimates of $2.07 and low estimates of $1.7.
Analysts are recommending an EPS of between $8.42 and $7.22 for the fiscal current year, implying an average EPS of $7.5. EPS for the following year is $8.56, with 24 analysts recommending between $9.66 and $7.86.
Revenue Estimates
19 analysts predict $1.55B in revenue for the current quarter. It ranges from a high estimate of $1.62B to a low estimate of $1.51B. As of the current estimate, Arista Networks Inc’s year-ago sales were $1.31B, an estimated increase of 18.50% from the year-ago figure. For the next quarter, 18 analysts are estimating revenue of $1.62B, an increase of 10.80% less than the figure of $18.50% in the same quarter last year. There is a high estimate of $1.7B for the next quarter, whereas the lowest estimate is $1.57B.
A total of 25 analysts have provided revenue estimates for ANET’s current fiscal year. The highest revenue estimate was $6.95B, while the lowest revenue estimate was $6.51B, resulting in an average revenue estimate of $6.6B. In the same quarter a year ago, actual revenue was $5.86B, up 12.70% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $7.58B in the next fiscal year. The high estimate is $8.18B and the low estimate is $7.17B. The average revenue growth estimate for next year is up 14.90% from the average revenue estimate for this year.
