Arista Networks, Inc. (NYSE:ANET) insider John F. Mccool sold 83 shares of the firm’s stock in a transaction on Tuesday, April 20th. The stock was sold at an average price of $312.97, for a total value of $25,976.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of ANET stock opened at $312.83 on Friday. The company has a market cap of $23.88 billion, a PE ratio of 35.03, a PEG ratio of 3.91 and a beta of 1.21. Arista Networks, Inc. has a 12-month low of $192.96 and a 12-month high of $326.60. The business’s fifty day simple moving average is $297.22 and its 200-day simple moving average is $282.05.
Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Wednesday, February 17th. The technology company reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.10. The firm had revenue of $648.48 million for the quarter, compared to analyst estimates of $628.76 million. Arista Networks had a net margin of 32.06% and a return on equity of 20.37%. As a group, sell-side analysts forecast that Arista Networks, Inc. will post 7.66 earnings per share for the current year.
A number of research firms have commented on ANET. UBS Group raised their price target on Arista Networks from $308.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 19th. Barclays raised their price objective on Arista Networks from $294.00 to $325.00 and gave the company an “equal weight” rating in a research report on Thursday, February 25th. Piper Sandler raised their price objective on Arista Networks from $300.00 to $330.00 and gave the company a “neutral” rating in a research report on Friday, February 19th. MKM Partners raised their price objective on Arista Networks from $273.00 to $324.00 in a research report on Thursday, January 28th. Finally, Jefferies Financial Group lifted their price target on Arista Networks from $240.00 to $295.00 and gave the stock a “hold” rating in a research report on Friday, February 19th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $318.29.
About Arista Networks
Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms.
See Also: Tariff
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.