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 16.7% and is now trading at $212.67.
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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) announced its quarterly earnings results on Tuesday, August, 4th. The technology company reported $2.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.95 by $0.16. The technology company earned $540.60 million during the quarter, compared to analyst estimates of $530.56 million. Arista Networks had a net margin of 34.67% and a return on equity of 22.29%. The business's quarterly revenue was down 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $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 12 month price targets for Arista Networks' stock. Their forecasts range from $147.00 to $290.00. On average, they anticipate Arista Networks' stock price to reach $217.04 in the next twelve months. This suggests a possible upside of 2.1% from the stock's current price.
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Headlines about ANET stock have trended positive recently, according to InfoTrie. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public 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 2.4 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about Arista Networks.

Arista Networks saw a drop in short interest in February. As of February 15th, there was short interest totaling 1,870,000 shares, a drop of 21.4% from the January 31st total of 2,380,000 shares. Based on an average daily volume of 765,500 shares, the short-interest ratio is presently 2.4 days. Currently, 3.4% of the company's stock are sold short.
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Some companies that are related to Arista Networks include HP (HPQ), Toshiba (TOSYY), NEC (NIPNF), F5 Networks (FFIV), Juniper Networks (JNPR), A10 Networks (ATEN), Extreme Networks (EXTR), Digi International (DGII), Allot Communications (ALLT), Silicom (SILC), Lantronix (LTRX), Intrusion (INTZ), 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), Trade Desk (TTD), Walt Disney (DIS) and Mastercard (MA).

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 Vanguard Group Inc. (7.92%), First Trust Advisors LP (1.93%), Epoch Investment Partners Inc. (0.80%), Bank of New York Mellon Corp (0.54%), TD Asset Management Inc. (0.53%) and Gilder Gagnon Howe & Co. LLC (0.51%). Company insiders that own Arista Networks stock include Andreas Bechtolsheim, Ann Mather, Anshul Sadana, Charles H Giancarlo, 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 Jackson Square Partners LLC, FIL Ltd, Macquarie Group Ltd., Advisor Group Holdings Inc., Russell Investments Group Ltd., Vanguard Group Inc., Federated Hermes Inc., and Scout Investments Inc.. Company insiders that have sold Arista Networks company stock in the last year include Ann Mather, Anshul Sadana, Charles H Giancarlo, Daniel Scheinman, Ita M Brennan, Jayshree Ullal, John F Mccool, Kenneth Duda, Marc Taxay, and Nikos Theodosopoulos.
View insider buying and selling activity for Arista Networks.

ANET stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Baird Financial Group Inc., Vista Equity Partners Management LLC, Cubist Systematic Strategies LLC, Candriam Luxembourg S.C.A., Bank of New York Mellon Corp, Kornitzer Capital Management Inc. KS, and Alberta Investment Management Corp.
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 $212.67.

Arista Networks has a market capitalization of $16.17 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]