After finishing at $271.22 in the prior trading day, Arista Networks Inc (NYSE: ANET) closed at $263.20, down -2.96%. On the day, 4065762 shares were traded.
Ratios:
Our goal is to gain a better understanding of ANET by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 41.15. 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.
Citigroup reiterated its Buy rating for the stock on December 14, 2023, while the target price for the stock was revised from $220 to $300.
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 Apr 10 ’24 when Duda Kenneth sold 20,000 shares for $290.05 per share. The transaction valued at 5,800,910 led to the insider holds 3,244 shares of the business.
Duda Kenneth sold 16,000 shares of ANET for $4,640,725 on Apr 10 ’24. The CTO and SVP Software Eng. now owns 243,268 shares after completing the transaction at $290.05 per share. On Apr 09 ’24, another insider, Ullal Jayshree, who serves as the President and CEO of the company, sold 4,042 shares for $299.99 each. As a result, the insider received 1,212,560 and left with 1,628,532 shares of the company.
Valuation Measures:
As of this moment, Arista’s Price-to-Earnings (P/E) ratio for their current fiscal year is 40.01, and their Forward P/E ratio for the next fiscal year is 30.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.04 while its Price-to-Book (P/B) ratio in mrq is 11.38.
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.
Shares Statistics:
A total of 312.25M shares are outstanding, with a floating share count of 255.42M. Insiders hold about 18.30% of the company’s shares, while institutions hold 69.44% stake in the company.
Earnings Estimates
Its stock is currently analyzed by Arista Networks, Inc. different market analysts. The consensus estimate for the next quarter is $90.34, with high estimates of $1.58 and low estimates of $39.94.
