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 stock has increased by 20.7% and is now trading at $219.98.
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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) posted its earnings results on Tuesday, August, 4th. The technology company reported $2.11 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.95 by $0.16. The technology company had revenue of $540.60 million for 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 quarterly revenue was down 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.44 EPS.
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Arista Networks updated 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 brokerages have issued 1-year target prices for Arista Networks' shares. Their forecasts range from $147.00 to $290.00. On average, they anticipate Arista Networks' share price to reach $217.04 in the next twelve months. This suggests that the stock has a possible downside of 1.3%.
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News stories about ANET stock have trended negative on Wednesday, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Arista Networks earned a media sentiment score of -2.6 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days.
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Arista Networks saw a decrease in short interest in the month of February. As of February 15th, there was short interest totaling 1,870,000 shares, a decrease of 21.4% from the January 31st total of 2,380,000 shares. Based on an average daily trading volume, of 765,500 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.4% of the shares of the 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 many different retail and institutional investors. Top institutional shareholders 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, 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, Macquarie Group Ltd., Russell Investments Group Ltd., Scout Investments Inc., Davidson Investment Advisors, US Bancorp DE, Amalgamated Bank, and Hartford Investment Management Co.. 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.
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ANET stock was purchased 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, Alberta Investment Management Corp, Seizert Capital Partners LLC, Trinity Street Asset Management LLP, Teacher Retirement System of Texas, and Nepsis Inc..
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 $219.98.

Arista Networks has a market capitalization of $16.73 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]