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 Wall Street analysts have issued 12-month price objectives for Arista Networks' shares. Their ANET share price forecasts range from $135.00 to $305.00. On average, they anticipate the company's share price to reach $175.47 in the next year. This suggests a possible upside of 4.5% from the stock's current price.
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Arista Networks' stock was trading at $121.35 at the beginning of the year. Since then, ANET shares have increased by 38.3% and is now trading at $167.86.
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Arista Networks saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 3,310,000 shares, an increase of 9.2% from the February 28th total of 3,030,000 shares. Based on an average trading volume of 2,400,000 shares, the days-to-cover ratio is currently 1.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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Arista Networks, Inc. (NYSE:ANET) issued its quarterly earnings data on Monday, February, 13th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.20. The technology company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.20 billion. Arista Networks had a net margin of 30.87% and a trailing twelve-month return on equity of 30.00%. Arista Networks's revenue for the quarter was up 54.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.66 EPS.
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ETFs with the largest weight of Arista Networks (NYSE:ANET) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), Innovator IBD Breakout Opportunities ETF (BOUT), Invesco Dynamic Networking ETF (PXQ), First Trust Cloud Computing ETF (SKYY), iShares U.S. Telecommunications ETF (IYZ), SPDR S&P Telecom ETF (XTL), Pacer Data and Digital Revolution ETF (TRFK) and ProShares Ultra Communication Services (LTL).

Arista Networks shares split on Thursday, November 18th 2021. The 4-1 split was announced on Tuesday, November 2nd 2021. The newly created shares were issued to shareholders after the market closes 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 issued an update on its FY 2023 earnings guidance on Tuesday, February, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $5.47 billion-$5.47 billion, compared to the consensus revenue estimate of $5.40 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."

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 $167.86.

Arista Networks (NYSE:ANET) has a market capitalization of $51.43 billion and generates $4.38 billion in revenue each year. The technology company earns $1.35 billion in net income (profit) each year or $4.27 on an earnings per share basis.

The company employs 3,612 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.