Arista Networks Stock Forecast, Price & 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 17.5% and is now trading at $214.11.
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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 18 hold ratings and 9 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 Monday, November 2nd 2020.
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Arista Networks will be holding an earnings conference call on Monday, November 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Arista Networks, Inc. (NYSE:ANET) issued its quarterly earnings results on Tuesday, August, 4th. The technology company reported $2.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.16. The technology company earned $540.60 million during the quarter, compared to analysts' expectations of $530.56 million. Arista Networks had a return on equity of 22.29% and a net margin of 34.67%. The business's revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $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 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 1-year price objectives for Arista Networks' shares. Their forecasts range from $147.00 to $275.00. On average, they expect Arista Networks' stock price to reach $220.96 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price.
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Arista Networks saw a increase in short interest during the month of September. As of September 30th, there was short interest totaling 3,940,000 shares, an increase of 19.4% from the September 15th total of 3,300,000 shares. Based on an average daily trading volume, of 718,900 shares, the days-to-cover ratio is currently 5.5 days. Currently, 7.2% of the company's shares 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), Extreme Networks (EXTR), A10 Networks (ATEN), Digi International (DGII), Allot Communications (ALLT), Silicom (SILC), Intrusion (INTZ), 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), Paypal (PYPL), Square (SQ), Shopify (SHOP), Trade Desk (TTD), The Walt Disney (DIS) and salesforce.com (CRM).

Arista Networks trades on the New York Stock Exchange (NYSE) under the ticker symbol "ANET."

Arista Networks' stock is owned by many different institutional and retail investors. Top institutional shareholders include Trinity Street Asset Management LLP (0.21%), Standard Life Aberdeen plc (0.13%), Scout Investments Inc. (0.07%), Envestnet Asset Management Inc. (0.07%), State of Alaska Department of Revenue (0.06%) and Nepsis Inc. (0.04%). 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 Candriam Luxembourg S.C.A., Scout Investments Inc., Minot Wealth Management LLC, Pacer Advisors Inc., Trinity Street Asset Management LLP, Carnegie Capital Asset Management LLC, Retirement Systems of Alabama, and Jag Capital Management LLC. 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 bought by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, State of Alaska Department of Revenue, Envestnet Asset Management Inc., Nepsis Inc., Pegasus Asset Management Inc., Concorde Asset Management LLC, Forsta AP Fonden, and Archford Capital Strategies LLC.
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 $214.11.

Arista Networks has a market capitalization of $16.28 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]