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After finishing at $395.16 in the prior trading day, Arista Networks Inc (NYSE: ANET) closed at $385.95, down -2.33%. In other words, the price has decreased by -$2.33 from its previous closing price. On the day, 2.87 million shares were traded. ANET stock price reached its highest trading level at $395.35 during the session, while it also had its lowest trading level at $384.49.
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 16.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.25. For the most recent quarter (mrq), Quick Ratio is recorded 3.69 and its Current Ratio is at 4.47. 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 this company, Citigroup on June 27, 2024, Reiterated its Buy rating but revised its target price to $385 from $330 previously.
On May 03, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $240 to $320.
Rosenblatt Downgraded its Buy to Sell on April 12, 2024, while the target price for the stock was maintained at $210.
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 Nov 06 ’24 when Duda Kenneth sold 20,000 shares for $420.36 per share. The transaction valued at 8,407,167 led to the insider holds 3,244 shares of the business.
Duda Kenneth sold 20,000 shares of ANET for $8,407,160 on Nov 06 ’24. The CTO and SVP Software Eng. now owns 174,600 shares after completing the transaction at $420.36 per share. On Nov 04 ’24, another insider, Ullal Jayshree, who serves as the President and CEO of the company, sold 832 shares for $397.39 each. As a result, the insider received 330,626 and left with 17,681 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 121551093760 and an Enterprise Value of 114192457728. As of this moment, Arista’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.32, and their Forward P/E ratio for the next fiscal year is 39.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.38 while its Price-to-Book (P/B) ratio in mrq is 13.14. Its current Enterprise Value per Revenue stands at 17.267 whereas that against EBITDA is 40.303.
Stock Price History:
Over the past 52 weeks, ANET has reached a high of $431.97, while it has fallen to a 52-week low of $208.00. The 50-Day Moving Average of the stock is -0.37%, while the 200-Day Moving Average is calculated to be 18.07%.
Shares Statistics:
The stock has traded on average 1.66M shares per day over the past 3-months and 2652370 shares per day over the last 10 days, according to various share statistics. A total of 312.25M shares are outstanding, with a floating share count of 257.21M. Insiders hold about 18.12% of the company’s shares, while institutions hold 68.59% stake in the company. Shares short for ANET as of 1730332800 were 2718072 with a Short Ratio of 1.64, compared to 1727654400 on 2521495. Therefore, it implies a Short% of Shares Outstanding of 2718072 and a Short% of Float of 1.05.
