In recent trading session, Arista Networks Inc (NYSE:ANET) saw 2.12 million shares changing hands at last check today with its beta currently measuring 1.11. Company’s recent per share price level of $273.12 trading at -$23.46 or -7.91% at last check today assigns it a market valuation of $85.39B. That most recent trading price of ANET’s stock is at a discount of -12.68% from its 52-week high price of $307.74 and is indicating a premium of 51.79% from its 52-week low price of $131.68. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.68 million shares which gives us an average trading volume of 2.51 million if we extend that period to 3-months.
Arista Networks Inc (NYSE:ANET) trade information
Upright in the red during last session for losing -7.91%, in the last five days ANET remained trading in the red while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $273.12 price level, adding 8.96% to its value on the day. Arista Networks Inc’s shares saw a change of 15.97% in year-to-date performance and have moved -8.23% in past 5-day. Arista Networks Inc (NYSE:ANET) showed a performance of -2.70% in past 30-days. Number of shares sold short was 3.22 million shares which calculate 1.3 days to cover the short interests.
Arista Networks Inc (ANET) estimates and forecasts
Statistics highlight that Arista Networks Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 42.35% of value to its shares in past 6 months, showing an annual growth rate of 6.77% while that of industry is 17.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 21.70% in the current quarter and calculating 15.20% increase in the next quarter. This year revenue growth is estimated to rise 12.70% from the last financial year’s standing.
19 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.55 billion for the same. And 18 analysts are in estimates of company making revenue of $1.62 billion in the next quarter that will end on Jun 2024. Company posted $1.31 billion and $1.46 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 18.50% while estimating it to be 10.80% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 45.36% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 7.93% while estimates for its earnings growth in next 5 years are of 19.40%.
ANET Dividends
Arista Networks Inc is more likely to be releasing its next quarterly report on May 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Arista Networks Inc (NYSE:ANET)’s Major holders
Insiders are in possession of 18.55% of company’s total shares while institution are holding 70.32 percent of that, with stock having share float percentage of 86.33%. Investors also watch the number of corporate investors in a company very closely, which is 70.32% institutions for Arista Networks Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at ANET for having 29.49 million shares of worth $8.07 billion. And as of Dec 30, 2023, it was holding 9.43% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 18.42 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 5.89% of outstanding shares, having a total worth of $5.04 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 7.82 million shares of worth $2.14 billion or 2.50% of the total outstanding shares. The later fund manager was in possession of 6.15 million shares on Dec 30, 2023, making its stake of worth around $1.68 billion in the company or a holder of 1.97% of company’s stock.
