Arista Networks Stock Forecast, Price & News

Arista Networks' stock was trading at $182.20 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ANET shares have increased by 14.7% and is now trading at $208.90.
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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 16 hold ratings and 11 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) announced its earnings results on Tuesday, August, 4th. The technology company reported $2.11 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate 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%. Arista Networks's quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.44 earnings per share.
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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 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 equities research analysts have issued 12 month target prices for Arista Networks' stock. Their forecasts range from $147.00 to $275.00. On average, they expect Arista Networks' stock price to reach $221.36 in the next year. This suggests a possible upside of 6.0% from the stock's current price.
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Arista Networks saw a increase in short interest in 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 short-interest ratio is currently 5.5 days. Approximately 7.2% of the company's shares are short sold.
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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), 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), The 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 a variety of institutional and retail investors. Top institutional investors include Bristol John W & Co. Inc. NY (0.37%), Trinity Street Asset Management LLP (0.21%), Standard Life Aberdeen plc (0.13%), Clifford Swan Investment Counsel LLC (0.08%), Norris Perne & French LLP MI (0.07%) and Scout Investments Inc. (0.07%). 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., Alberta Investment Management Corp, KBC Group NV, Minot Wealth Management LLC, Pacer Advisors Inc., WINTON GROUP Ltd, and Trinity Street Asset Management LLP. 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 acquired by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, State of Alaska Department of Revenue, Xponance Inc., Envestnet Asset Management Inc., Nepsis Inc., Pegasus Asset Management Inc., Bristol John W & Co. Inc. NY, and Concorde Asset Management 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 $208.90.

Arista Networks has a market capitalization of $15.88 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]