Arista Networks - ANET Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arista Networks in the last year. There are currently 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ANET shares.
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20 equities research analysts have issued 1-year price targets for Arista Networks' shares. Their ANET share price forecasts range from $130.00 to $305.00. On average, they expect the company's stock price to reach $167.32 in the next year. This suggests a possible upside of 23.9% from the stock's current price.
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Arista Networks' stock was trading at $143.75 on January 1st, 2022. Since then, ANET stock has decreased by 6.1% and is now trading at $135.04.
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Arista Networks saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 4,010,000 shares, a drop of 12.8% from the October 15th total of 4,600,000 shares. Based on an average trading volume of 2,150,000 shares, the days-to-cover ratio is currently 1.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
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Arista Networks, Inc. (NYSE:ANET) issued its earnings results on Monday, October, 31st. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.21. The technology company earned $1.18 billion during the quarter, compared to analyst estimates of $1.06 billion. Arista Networks had a net margin of 29.63% and a trailing twelve-month return on equity of 27.23%. The company's quarterly revenue was up 57.2% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share.
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Shares of Arista Networks split on Thursday, November 18th 2021. The 4-1 split was announced on Tuesday, November 2nd 2021. The newly created shares were distributed 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 updated its FY 2023 earnings guidance on Tuesday, November, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $5.50 billion-$5.50 billion, compared to the consensus revenue estimate of $5.33 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.67%), BlackRock Inc. (6.04%), Alliancebernstein L.P. (3.46%), State Street Corp (3.06%), Artisan Partners Limited Partnership (1.91%) and Price T Rowe Associates Inc. MD (1.72%). 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 $135.04.

Arista Networks (NYSE:ANET) has a market capitalization of $41.26 billion and generates $2.95 billion in revenue each year. The technology company earns $840.85 million in net income (profit) each year or $3.67 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.