In today’s recent session, 3.9 million shares of the Arista Networks Inc (NYSE:ANET) have been traded, and its beta is 1.04. Most recently the company’s share price was $111.42, and it changed around -$5.42 or -4.64% from the last close, which brings the market valuation of the company to $140.36B. ANET at last check was trading at a discount to its 52-week high of $133.57, offering almost -19.88% off that amount. The share price’s 52-week low was $60.08, which indicates that the recent value has risen by an impressive 46.08% since then. We note from Arista Networks Inc’s average daily trading volume that its 10-day average is 8.38 million shares, with the 3-month average coming to 8.08 million.
Arista Networks Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.66. If we narrow it down even further, the data shows that 2 out of 28 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 4 recommended ANET as a Hold, whereas 14 deemed it a Buy, and 1 rated it as Underweight. Arista Networks Inc is expected to report earnings per share of 0.57 for the current quarter.
Arista Networks Inc (NYSE:ANET) trade information
Instantly ANET has been showing red trend so far today with a performance of -4.64% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 121.01 on recent trading dayincreased the stock’s daily price by 7.92%. The company’s shares are currently up 0.81% year-to-date, but still down -3.52% over the last five days. On the other hand, Arista Networks Inc (NYSE:ANET) is -1.08% down in the 30-day period. We can see from the shorts that 9.88 million shares have been sold at a short interest cover period of 1.08 day(s).
The consensus price target as assigned by Wall Street analysts is $415, which translates to bulls needing to increase their stock price by 73.15% from its current value. Analyst projections state that ANET is forecast to be at a low of $400 and a high of $430.
Arista Networks Inc (ANET) estimates and forecasts
The year-over-year growth rate is expected to be 19.01%, up from the previous year.
Consensus estimates provided by 20 financial analysts predict the company will bring in an average of 1.9B in revenue for the current quarter. 16 analysts expect Arista Networks Inc to make 1.91B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.54B and 1.57B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 23.66%. Forecasts for the next quarter put sales growth at 21.27%.
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 26.35% in 2025, but the outlook is positive 18.69% per year for the next five years.
ANET Dividends
Arista Networks Inc’s next quarterly earnings report is expected to be released in March.
Arista Networks Inc (NYSE:ANET)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 18.16% of Arista Networks Inc shares, and 69.86% of them are in the hands of institutional investors. The stock currently has a share float of 85.36%. Arista Networks Inc stock is held by 2178.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.4727% of the shares, which is about 23.39 million shares worth $8.2 billion.
BLACKROCK INC., with 6.4177% or 20.09 million shares worth $7.04 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 31.86 shares worth $3.53 billion, making up 10.12% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 26.98 shares worth around $2.99 billion, which represents about 8.57% of the total shares outstanding.
