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The closing price of Arista Networks Inc (NYSE: ANET) was $320.55 for the day, up 0.42% from the previous closing price of $319.21. In other words, the price has increased by $0.42 from its previous closing price. On the day, 2.76 million shares were traded. ANET stock price reached its highest trading level at $328.0 during the session, while it also had its lowest trading level at $319.97.
Ratios:
Our analysis of ANET’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.04. 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 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 08 ’24 when Duda Kenneth sold 20,000 shares for $370.70 per share. The transaction valued at 7,414,055 led to the insider holds 190,600 shares of the business.
Duda Kenneth sold 20,000 shares of ANET for $7,414,054 on Jul 08 ’24. The CTO and SVP Software Eng. now owns 3,244 shares after completing the transaction at $370.70 per share. On Jul 02 ’24, another insider, Ullal Jayshree, who serves as the President and CEO of the company, sold 836 shares for $358.08 each. As a result, the insider received 299,355 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 100448509952 and an Enterprise Value of 95064743936. As of this moment, Arista’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.59, and their Forward P/E ratio for the next fiscal year is 35.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.52 while its Price-to-Book (P/B) ratio in mrq is 12.79. Its current Enterprise Value per Revenue stands at 15.635 whereas that against EBITDA is 37.99.
Stock Price History:
Over the past 52 weeks, ANET has reached a high of $376.50, while it has fallen to a 52-week low of $149.10. The 50-Day Moving Average of the stock is -2.79%, while the 200-Day Moving Average is calculated to be 18.88%.
Shares Statistics:
ANET traded an average of 2.41M shares per day over the past three months and 2412310 shares per day over the past ten days. A total of 312.25M shares are outstanding, with a floating share count of 256.44M. Insiders hold about 18.17% of the company’s shares, while institutions hold 70.49% stake in the company. Shares short for ANET as of 1721001600 were 3141157 with a Short Ratio of 1.31, compared to 1718323200 on 4423798. Therefore, it implies a Short% of Shares Outstanding of 3141157 and a Short% of Float of 1.04.
