Arista Networks Inc (NYSE:ANET) has a beta value of 1.08 and has seen 1.11 million shares traded in the recent trading session. The company, currently valued at $122.27B, closed the recent trade at $389.19 per share which meant it lost -$24.28 on the day or -5.87% during that session. The ANET stock price is -8.62% off its 52-week high price of $422.73 and 56.77% above the 52-week low of $168.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.34 million shares traded. The 3-month trading volume is 1.78 million shares.
The consensus among analysts is that Arista Networks Inc (ANET) is Buy stock at the moment, with a recommendation rating of 1.81. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 17 have rated it as a Hold, with 14 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 2.08.
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Arista Networks Inc (NYSE:ANET) trade information
Sporting -5.87% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ANET stock price touched $389.19 or saw a rise of 7.93%. Year-to-date, Arista Networks Inc shares have moved 65.26%, while the 5-day performance has seen it change -2.76%. Over the past 30 days, the shares of Arista Networks Inc (NYSE:ANET) have changed 8.36%. Short interest in the company has seen 2.52 million shares shorted with days to cover at 1.59.
Wall Street analysts have a consensus price target for the stock at $209, which means that the shares’ value could drop -86.22% from the levels at last check today. The projected low price target is $87.5 while the price target rests at a high of $430.0. In that case, then, we find that the latest price level in today’s session is -10.49% off the targeted high while a plunge would see the stock lose 77.52% from the levels at last check today.
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 48.12% over the past 6 months, with this year growth rate of 18.73%, compared to 32.40% for the industry. Revenue growth from the last financial year stood is estimated to be 16.20%.
13 analysts offering their estimates for the company have set an average revenue estimate of 1.74B for the current quarter. 16 have an estimated revenue figure of 1.81B for the next ending quarter. Year-ago sales stood 1.48B and 1.54B respectively for this quarter and the next, and analysts expect sales will grow by 17.70% for the current quarter and 16.20% 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 19.12% while over the next 5 years, the company’s earnings are expected to increase by 19.00%.
ANET Dividends
Arista Networks Inc is expected to release its next earnings report on 2024-Nov-07 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 18.20% of the company shares, while shares held by institutions stand at 70.77% with a share float percentage of 86.52%. Investors are also buoyed by the number of investors in a company, with Arista Networks Inc having a total of 2011.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 23.39 million shares worth more than $8.2 billion. As of 2024-06-30, VANGUARD GROUP INC held 7.4727% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 20.09 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.04 billion and represent 6.4177% 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 Jun 30, 2024, the former fund manager holds about 2.52% shares in the company for having 7.92 shares of worth $3.06 billion while later fund manager owns 6.51 shares of worth $2.52 billion as of Jun 30, 2024, which makes it owner of about 2.07% of company’s outstanding stock.
