NYSE:ANETArista Networks Stock Price, Forecast & News

Arista Networks' stock was trading at $182.20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ANET shares have increased by 26.7% and is now trading at $230.80.
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27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arista Networks in the last year. There are currently 19 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Arista Networks is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
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Arista Networks Inc (NYSE:ANET) issued its quarterly earnings results on Tuesday, August, 4th. The technology company reported $2.11 EPS for the quarter, topping the Zacks' consensus estimate of $1.95 by $0.16. The technology company earned $540.60 million during the quarter, compared to the consensus estimate of $530.56 million. Arista Networks had a net margin of 34.67% and a return on equity of 22.29%. The firm's revenue was down 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.44 EPS.
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Arista Networks issued an update on its third quarter 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $570-590 million, compared to the consensus revenue estimate of $562.24 million.

27 analysts have issued twelve-month price targets for Arista Networks' shares. Their forecasts range from $147.00 to $290.00. On average, they anticipate Arista Networks' stock price to reach $217.04 in the next year. This suggests that the stock has a possible downside of 6.0%.
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Headlines about ANET stock have been trending somewhat positive this week, according to InfoTrie. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Arista Networks earned a coverage optimism score of 1.3 on InfoTrie's scale. They also gave news articles about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future.
View the latest news about Arista Networks.

Arista Networks saw a decrease in short interest in July. As of July 31st, there was short interest totaling 3,870,000 shares, a decrease of 5.4% from the July 15th total of 4,090,000 shares. Based on an average daily volume of 687,500 shares, the days-to-cover ratio is presently 5.6 days. Approximately 7.2% of the shares of the company are short sold.
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Some companies that are related to Arista Networks include HP (HPQ), Toshiba (TOSYY), NEC (NIPNF), Juniper Networks (JNPR), F5 Networks (FFIV), A10 Networks (ATEN), Extreme Networks (EXTR), Digi International (DGII), Allot Communications (ALLT), Silicom (SILC), Intrusion (INTZ), Lantronix (LTRX), BIO-key International (BKYI) and BOS Better OnLine Sol (BOSC).
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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."

Arista Networks' stock is owned by a number of institutional and retail investors. Top institutional investors include First Trust Advisors LP (1.93%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), Swiss National Bank (0.30%), Trinity Street Asset Management LLP (0.22%), New York State Common Retirement Fund (0.18%) and Russell Investments Group Ltd. (0.18%). Company insiders that own Arista Networks stock include Andreas Bechtolsheim, Ann Mather, Anshul Sadana, Daniel Scheinman, Ita M Brennan, Jayshree Ullal, John F Mccool, Kenneth Duda, Manuel Felix Rivelo, Marc Taxay and Nikos Theodosopoulos.
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ANET stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Scout Investments Inc., US Bancorp DE, Hartford Investment Management Co., New York State Common Retirement Fund, First Quadrant L P CA, Raymond James & Associates, and Royal London Asset Management Ltd.. Company insiders that have sold Arista Networks company stock in the last year include Ann Mather, Anshul Sadana, Daniel Scheinman, Kenneth Duda, Marc Taxay, and Nikos Theodosopoulos.
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ANET stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Candriam Luxembourg S.C.A., Kornitzer Capital Management Inc. KS, Seizert Capital Partners LLC, Trinity Street Asset Management LLP, Nepsis Inc., Swiss National Bank, and Robeco Institutional Asset Management B.V..
View insider buying and selling activity for Arista Networks.

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 $230.80.

Arista Networks has a market capitalization of $17.55 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]