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In the latest session, Arista Networks Inc (NYSE: ANET) closed at $345.62 up 0.27% from its previous closing price of $344.69. In other words, the price has increased by $0.27 from its previous closing price. On the day, 1.17 million shares were traded. ANET stock price reached its highest trading level at $348.08 during the session, while it also had its lowest trading level at $337.801.
Ratios:
For a deeper understanding of Arista Networks Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.24. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 21 ’24 when Ullal Jayshree sold 17,752 shares for $354.29 per share. The transaction valued at 6,289,417 led to the insider holds 17,681 shares of the business.
McCool John F sold 2,575 shares of ANET for $912,531 on Aug 21 ’24. The Chief Platform Officer now owns 72 shares after completing the transaction at $354.38 per share. On Aug 21 ’24, another insider, Ullal Jayshree, who serves as the Officer of the company, bought 17,752 shares for $354.29 each.
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 108577554432 and an Enterprise Value of 102365159424. As of this moment, Arista’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.80, and their Forward P/E ratio for the next fiscal year is 36.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.20 while its Price-to-Book (P/B) ratio in mrq is 12.88. Its current Enterprise Value per Revenue stands at 16.218 whereas that against EBITDA is 38.535.
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 $168.25. The 50-Day Moving Average of the stock is 0.84%, while the 200-Day Moving Average is calculated to be 21.34%.
Shares Statistics:
For the past three months, ANET has traded an average of 2.15M shares per day and 1254650 over the past ten days. A total of 312.25M shares are outstanding, with a floating share count of 257.05M. Insiders hold about 18.18% of the company’s shares, while institutions hold 71.20% stake in the company. Shares short for ANET as of 1722384000 were 2089047 with a Short Ratio of 1.22, compared to 1719532800 on 3358092. Therefore, it implies a Short% of Shares Outstanding of 2089047 and a Short% of Float of 0.8099999999999999.
Earnings Estimates
The company has 20.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $2.07, with high estimates of $2.49 and low estimates of $1.88.
Analysts are recommending an EPS of between $8.93 and $8.0 for the fiscal current year, implying an average EPS of $8.26. EPS for the following year is $9.39, with 24.0 analysts recommending between $11.12 and $8.64.
Revenue Estimates
A total of 14 analysts believe the company’s revenue will be $1.74B this quarter.It ranges from a high estimate of $1.76B to a low estimate of $1.72B. As of the current estimate, Arista Networks Inc’s year-ago sales were $1.48BFor the next quarter, 14 analysts are estimating revenue of $1.8B. There is a high estimate of $1.97B for the next quarter, whereas the lowest estimate is $1.73B.
A total of 23 analysts have provided revenue estimates for ANET’s current fiscal year. The highest revenue estimate was $7B, while the lowest revenue estimate was $6.72B, resulting in an average revenue estimate of $6.8B. In the same quarter a year ago, actual revenue was $5.86BBased on 24 analysts’ estimates, the company’s revenue will be $7.98B in the next fiscal year. The high estimate is $8.73B and the low estimate is $7.63B.
