NYSE:ANETArista Networks Stock Price, Forecast & News

Arista Networks' stock was trading at $182.20 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ANET stock has increased by 15.5% and is now trading at $210.51. View which stocks have been most impacted by Coronavirus.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arista Networks in the last year. There are currently 18 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Arista Networks.

Arista Networks is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Arista Networks.

Arista Networks Inc (NYSE:ANET) released its quarterly earnings results on Tuesday, May, 5th. The technology company reported $2.02 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.81 by $0.21. The technology company earned $523 million during the quarter, compared to analyst estimates of $517.45 million. Arista Networks had a return on equity of 24.82% and a net margin of 35.61%. The business's quarterly revenue was down 12.2% compared to the same quarter last year. During the same period last year, the company posted $2.31 earnings per share. View Arista Networks' earnings history.

Arista Networks issued an update on its second quarter 2020 After-Hours earnings guidance on Tuesday, May, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $520-540 million, compared to the consensus revenue estimate of $542.46 million.

26 analysts have issued 12-month price objectives for Arista Networks' shares. Their forecasts range from $147.00 to $340.00. On average, they anticipate Arista Networks' stock price to reach $217.54 in the next year. This suggests a possible upside of 3.3% from the stock's current price. View analysts' price targets for Arista Networks.

News coverage about ANET stock has been trending somewhat positive this week, InfoTrie Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Arista Networks earned a news impact score of 0.8 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news about Arista Networks.

Arista Networks saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 3,430,000 shares, an increase of 12.1% from the May 31st total of 3,060,000 shares. Based on an average trading volume of 905,200 shares, the days-to-cover ratio is currently 3.8 days. Approximately 6.3% of the shares of the company are short sold. View Arista Networks' Current Options Chain.

Some companies that are related to Arista Networks include HP (HPQ), Toshiba (TOSYY), F5 Networks (FFIV), NEC (NIPNF), Juniper Networks (JNPR), A10 Networks (ATEN), Extreme Networks (EXTR), Allot Communications (ALLT), Digi International (DGII), Silicom (SILC), Lantronix (LTRX), Intrusion (INTZ), BIO-key International (BKYI) and BOS Better OnLine Sol (BOSC). View all competitors.

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), Shopify (SHOP), Paypal (PYPL), Square (SQ), Walt Disney (DIS), Trade Desk (TTD) and Adobe (ADBE).

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

Shares of ANET can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ANET stock can currently be purchased for approximately $210.51.

Arista Networks has a market capitalization of $15.94 billion and generates $2.41 billion in revenue each year. The technology company earns $859.87 million in net income (profit) each year or $8.69 on an earnings per share basis. Arista Networks employs 2,300 workers across the globe.

The official website for Arista Networks is www.arista.com.

Arista Networks' mailing address is 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA, 95054. The technology company can be reached via phone at 408-547-5500 or via email at [email protected]