Arista Networks Inc (NYSE:ANET) has a beta value of 1.10 and has seen 5.27 million shares traded in the last trading session. The company, currently valued at $89.70B, closed the last trade at $286.92 per share which meant it lost -$2.4 on the day or -0.83% during that session. The ANET stock price is -2.0% off its 52-week high price of $292.66 and 54.11% above the 52-week low of $131.68. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.81 million shares traded. The 3-month trading volume is 2.28 million shares.
Arista Networks Inc (NYSE:ANET) trade information
Sporting -0.83% in the red in last session, the stock has traded in the green over the last five days, when the ANET stock price touched $286.92 or saw a rise of 0.96%. Year-to-date, Arista Networks Inc shares have moved 21.83%, while the 5-day performance has seen it change 1.80%. Over the past 30 days, the shares of Arista Networks Inc (NYSE:ANET) have changed 9.62%. Short interest in the company has seen 3.7 million shares shorted with days to cover at 1.26.
Arista Networks Inc (ANET) estimates and forecasts
Figures show that Arista Networks Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 54.24% over the past 6 months, with this year growth rate of 7.49%, compared to 18.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 21.70% and 15.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 12.60%.
19 analysts offering their estimates for the company have set an average revenue estimate of $1.55 billion for the current quarter. 18 have an estimated revenue figure of $1.62 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $1.31 billion and $1.46 billion respectively for this quarter and the next, and analysts expect sales will grow by 18.40% for the current quarter and 10.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 45.36% over the past 5 years. Earnings growth for 2024 is a modest 7.78% while over the next 5 years, the company’s earnings are expected to increase by 19.40%.
ANET Dividends
Arista Networks Inc is expected to release its next earnings report between April 29 and May 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Arista Networks Inc (NYSE:ANET)’s Major holders
Insiders own 18.57% of the company shares, while shares held by institutions stand at 70.33% with a share float percentage of 86.37%. Investors are also buoyed by the number of investors in a company, with Arista Networks Inc having a total of 1,726 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 29.49 million shares worth more than $8.46 billion. As of Dec 30, 2023, Vanguard Group Inc held 9.43% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 18.42 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $5.29 billion and represent 5.89% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Dec 30, 2023, the former fund manager holds about 2.50% shares in the company for having 7.82 million shares of worth $2.24 billion while later fund manager owns 6.15 million shares of worth $1.77 billion as of Dec 30, 2023, which makes it owner of about 1.97% of company’s outstanding stock.
