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As of close of business last night, Arista Networks Inc’s stock clocked out at $395.70, up 0.42% from its previous closing price of $394.04. In other words, the price has increased by $0.42 from its previous closing price. On the day, 1.11 million shares were traded. ANET stock price reached its highest trading level at $398.3442 during the session, while it also had its lowest trading level at $394.3.
Ratios:
To gain a deeper understanding of ANET’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.07. For the most recent quarter (mrq), Quick Ratio is recorded 3.70 and its Current Ratio is at 4.55. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 22 ’24 when Battles Kelly Bodnar sold 373 shares for $396.48 per share. The transaction valued at 147,889 led to the insider holds 2,192 shares of the business.
Duda Kenneth sold 20,000 shares of ANET for $7,893,865 on Oct 07 ’24. The CTO and SVP Software Eng. now owns 3,244 shares after completing the transaction at $394.69 per share. On Oct 07 ’24, another insider, Duda Kenneth, who serves as the CTO and SVP Software Eng. of the company, sold 20,000 shares for $394.69 each. As a result, the insider received 7,893,864 and left with 178,600 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 124310339584 and an Enterprise Value of 118097936384. As of this moment, Arista’s Price-to-Earnings (P/E) ratio for their current fiscal year is 51.29, and their Forward P/E ratio for the next fiscal year is 41.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.70 while its Price-to-Book (P/B) ratio in mrq is 14.74. Its current Enterprise Value per Revenue stands at 18.711 whereas that against EBITDA is 44.457.
Stock Price History:
Over the past 52 weeks, ANET has reached a high of $422.73, while it has fallen to a 52-week low of $168.25. The 50-Day Moving Average of the stock is 6.55%, while the 200-Day Moving Average is calculated to be 25.07%.
Shares Statistics:
It appears that ANET traded 1.79M shares on average per day over the past three months and 1775270 shares per day over the past ten days. A total of 312.25M shares are outstanding, with a floating share count of 257.21M. Insiders hold about 18.13% of the company’s shares, while institutions hold 69.62% stake in the company. Shares short for ANET as of 1727654400 were 2521495 with a Short Ratio of 1.41, compared to 1724976000 on 2471607. Therefore, it implies a Short% of Shares Outstanding of 2521495 and a Short% of Float of 0.98.
