Arista Networks (NYSE:ANET) will issue its quarterly earnings data after the market closes on Thursday, November 1st. Analysts expect the company to announce earnings of $1.61 per share for the quarter.
Arista Networks (NYSE:ANET) last released its earnings results on Thursday, August 2nd. The technology company reported $1.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.43. The firm had revenue of $519.85 million for the quarter, compared to the consensus estimate of $509.62 million. Arista Networks had a return on equity of 28.51% and a net margin of 28.07%. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS. On average, analysts expect Arista Networks to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.
NYSE ANET opened at $228.46 on Wednesday. The company has a market cap of $16.43 billion, a PE ratio of 49.13, a P/E/G ratio of 1.60 and a beta of 1.48. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.87 and a current ratio of 3.17. Arista Networks has a fifty-two week low of $177.92 and a fifty-two week high of $313.37.
ANET has been the topic of several analyst reports. Deutsche Bank reissued a “sell” rating and set a $180.00 target price on shares of Arista Networks in a research report on Monday, September 10th. William Blair reissued an “outperform” rating on shares of Arista Networks in a research report on Monday, September 17th. Morgan Stanley downgraded Arista Networks from an “overweight” rating to an “equal weight” rating and set a $310.00 price objective on the stock. in a research report on Tuesday, September 4th. Goldman Sachs Group downgraded Arista Networks from a “conviction-buy” rating to a “buy” rating in a research report on Thursday, October 4th. Finally, JPMorgan Chase & Co. upped their price objective on Arista Networks from $282.00 to $287.00 and gave the company a “hold” rating in a research report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $286.48.
Arista Networks Company Profile
Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.
Featured Story: Using the New Google Finance Tool
Receive News & Ratings for Arista Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks and related companies with MarketBeat.com's FREE daily email newsletter.