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The price of Arista Networks Inc (NYSE: ANET) closed at $245.47 in the last session, down -0.25% from day before closing price of $246.09. In other words, the price has decreased by $-0.25 from its previous closing price. On the day, 3.32 million shares were traded. ANET stock price reached its highest trading level at $248.4399 during the session, while it also had its lowest trading level at $240.32.
Ratios:
We take a closer look at ANET’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.38. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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:
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 76742262784 and an Enterprise Value of 71799726080. As of this moment, Arista’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.31, and their Forward P/E ratio for the next fiscal year is 28.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.10 while its Price-to-Book (P/B) ratio in mrq is 10.62. Its current Enterprise Value per Revenue stands at 12.252 whereas that against EBITDA is 30.781.
Stock Price History:
The Beta on a monthly basis for ANET is 1.15, which has changed by 0.5983201 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. 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 -12.45%, while the 200-Day Moving Average is calculated to be 9.55%.
Shares Statistics:
According to the various share statistics, ANET traded on average about 2.65M shares per day over the past 3-months and 2759800 shares per day over the past 10 days. A total of 312.25M shares are outstanding, with a floating share count of 255.44M. Insiders hold about 18.29% of the company’s shares, while institutions hold 69.47% stake in the company. Shares short for ANET as of 1711584000 were 2865957 with a Short Ratio of 1.08, compared to 1709164800 on 3696303. Therefore, it implies a Short% of Shares Outstanding of 2865957 and a Short% of Float of 1.13.
Earnings Estimates
A detailed examination of Arista Networks Inc (ANET) is currently in progress, with 21 analysts providing valuable insights into its market dynamics.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 $7.51. EPS for the following year is $8.6, with 24 analysts recommending between $9.66 and $7.86.
Revenue Estimates
According to 19 analysts, the current quarter’s revenue is expected to be $1.55B. 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 18.70% from the year-ago figure. For the next quarter, 18 analysts are estimating revenue of $1.62B, an increase of 10.90% less than the figure of $18.70% 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 $6.61B. 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 $7.59B 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.
