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Arista Networks Inc (NYSE: ANET) closed the day trading at $363.75 down -0.55% from the previous closing price of $365.75. In other words, the price has decreased by -$0.55 from its previous closing price. On the day, 2.29 million shares were traded. ANET stock price reached its highest trading level at $368.18 during the session, while it also had its lowest trading level at $355.87.
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 20.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 53.39. 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:
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 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 114612535296 and an Enterprise Value of 108602032128. As of this moment, Arista’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.60, and their Forward P/E ratio for the next fiscal year is 40.51. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.75 while its Price-to-Book (P/B) ratio in mrq is 14.51. Its current Enterprise Value per Revenue stands at 17.862 whereas that against EBITDA is 43.4.
Stock Price History:
The Beta on a monthly basis for ANET is 1.11, which has changed by 1.1573453 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. 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 15.92%, while the 200-Day Moving Average is calculated to be 40.23%.
Shares Statistics:
Over the past 3-months, ANET traded about 2.56M shares per day on average, while over the past 10 days, ANET traded about 1876190 shares per day. A total of 312.25M shares are outstanding, with a floating share count of 256.42M. Insiders hold about 18.17% of the company’s shares, while institutions hold 69.53% stake in the company. Shares short for ANET as of 1718323200 were 4423798 with a Short Ratio of 1.73, compared to 1715731200 on 3416143. Therefore, it implies a Short% of Shares Outstanding of 4423798 and a Short% of Float of 1.46.
