Arista Networks - ANET Stock Forecast, Price & News

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Arista Networks in the last year. There are currently 1 sell rating, 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ANET shares.
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21 Wall Street analysts have issued 1-year target prices for Arista Networks' shares. Their ANET share price forecasts range from $105.00 to $305.00. On average, they expect the company's share price to reach $156.40 in the next twelve months. This suggests a possible upside of 28.9% from the stock's current price.
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Arista Networks' stock was trading at $143.75 at the beginning of 2022. Since then, ANET shares have decreased by 15.6% and is now trading at $121.35.
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Arista Networks saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 3,990,000 shares, a decline of 9.5% from the August 31st total of 4,410,000 shares. Based on an average daily trading volume, of 1,920,000 shares, the days-to-cover ratio is presently 2.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 31st 2022.
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Arista Networks, Inc. (NYSE:ANET) announced its quarterly earnings data on Monday, August, 1st. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.20. The technology company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $979.66 million. Arista Networks had a trailing twelve-month return on equity of 24.03% and a net margin of 29.55%. The business's revenue for the quarter was up 48.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 EPS.
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Shares of Arista Networks split before market open on Thursday, November 18th 2021. The 4-1 split was announced on Tuesday, November 2nd 2021. The newly minted shares were payable to shareholders after the closing bell on Wednesday, November 17th 2021. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

Arista Networks issued an update on its third quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.02 billion-$1.07 billion, compared to the consensus revenue estimate of $1.00 billion.

290 employees have rated Arista Networks Chief Executive Officer Jayshree Ullal on Glassdoor.com. Jayshree Ullal has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Arista Networks investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Netflix (NFLX), PayPal (PYPL), Block (SQ), Shopify (SHOP), Trade Desk (TTD), Walt Disney (DIS) and Salesforce (CRM).

Arista Networks trades on the New York Stock Exchange (NYSE) under the ticker symbol "ANET."

Arista Networks' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include AdvisorNet Financial Inc (0.00%), Symmetry Partners LLC (0.00%), Fulton Bank N.A. (0.00%) and Wedmont Private Capital (0.00%). Insiders that own company stock include Andreas Bechtolsheim, Ann Mather, Anshul Sadana, Charles H Giancarlo, Daniel Scheinman, Ita M Brennan, Jayshree Ullal, John F Mccool, Kelly Bodnar Battles, Kenneth Duda, Marc Taxay, Nikos Theodosopoulos, Paul Horstmeier and Sebastian Buerba.
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Shares of ANET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ANET stock can currently be purchased for approximately $121.35.

Arista Networks (NYSE:ANET) has a market capitalization of $36.92 billion and generates $2.95 billion in revenue each year. The technology company earns $840.85 million in net income (profit) each year or $3.2425 on an earnings per share basis.

The company employs 2,993 workers across the globe.

Arista Networks' mailing address is 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA, 95054. The official website for the company is www.arista.com. The technology company can be reached via phone at (408) 547-5500, via email at cyager@arista.com, or via fax at 408-538-8920.