In today’s recent session, 0.66 million shares of the Arista Networks Inc (NYSE:ANET) have been traded, and its beta is 1.14. Most recently the company’s share price was $256.04, and it changed around $4.86 or 1.93% from the last close, which brings the market valuation of the company to $80.05B. ANET at last check was trading at a discount to its 52-week high of $307.74, offering almost -20.19% off that amount. The share price’s 52-week low was $131.68, which indicates that the recent value has risen by an impressive 48.57% since then. We note from Arista Networks Inc’s average daily trading volume that its 3-month average coming to 2.69 million.
Arista Networks Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.89. If we narrow it down even further, the data shows that 0 out of 25 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 9 recommended ANET as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Arista Networks Inc is expected to report earnings per share of $1.74 for the current quarter.
Arista Networks Inc (NYSE:ANET) trade information
Instantly ANET has been showing a green trend so far today with a performance of 1.93% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 8.72% year-to-date, but still down -1.25% over the last five days. On the other hand, Arista Networks Inc (NYSE:ANET) is -16.19% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $184.67, which translates to bulls needing to decrease their stock price by -38.65% from its current value. Analyst projections state that ANET is forecast to be at a low of $87.5 and a high of $356.
Arista Networks Inc (ANET) estimates and forecasts
Arista Networks Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 37.27 percent over the past six months and at a 7.93% annual growth rate that is well below the industry average of 22.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 21.70% in revenue this quarter, and will report an increase of 15.20% in the next quarter. The year-over-year growth rate is expected to be 12.70%, up from the previous year.
Consensus estimates provided by 19 financial analysts predict the company will bring in an average of $1.55 billion in revenue for the current quarter. 18 analysts expect Arista Networks Inc to make $1.62 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $1.31 billion and $1.46 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 18.70%. Forecasts for the next quarter put sales growth at 10.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 45.36%. Arista Networks Inc earnings are expected to increase by 7.83% in 2024, but the outlook is positive 19.40% per year for the next five years.
