In the latest trading session, 2.6 million Arista Networks Inc (NYSE:ANET) shares changed hands as the company’s beta touched 1.27. With the company’s most recent per share price at $83.21 changed hands at -$0.78 or -0.93% at last look, the market valuation stands at $104.94B. ANET’s current price is a discount, trading about -60.52% off its 52-week high of $133.57. The share price had its 52-week low at $60.08, which suggests the last value was 27.8% up since then. When we look at Arista Networks Inc’s average trading volume, we note the 10-day average is 10.29 million shares, with the 3-month average coming to 9.99 million.
Analysts gave the Arista Networks Inc (ANET) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.64. If we narrow down to specifics, the data shows that 0 out of 17 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended ANET as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight. Arista Networks Inc’s EPS for the current quarter is expected to be 0.59.
Arista Networks Inc (NYSE:ANET) trade information
Instantly ANET was in red as seen in intraday trades today. With action 3.69%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -24.72%, with the 5-day performance at 3.69% in the green. However, in the 30-day time frame, Arista Networks Inc (NYSE:ANET) is -25.08% down. Looking at the short shares, we see there were 15.21 million shares sold at short interest cover period of 1.22 days.
The consensus price target for the stock as assigned by Wall Street analysts is 272.5, meaning bulls need an upside of 69.46% from its recent market value. According to analyst projections, ANET’s forecast low is 115 with 430 as the target high. To hit the forecast high, the stock’s price needs a -416.76% plunge from its current level, while the stock would need to soar -38.2% for it to hit the projected low.
Arista Networks Inc (ANET) estimates and forecasts
Year-over-year growth is forecast to reach 19.20% up from the last financial year.
Consensus estimates given by 19 financial analysts project the company’s revenue in the current quarter to hit an average of 1.97B. 17 analysts are of the opinion that Arista Networks Inc’s revenue for the current quarter will be 2.03B. The company’s revenue for the corresponding quarters a year ago was 1.57B and 1.69B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 25.36%. The estimates for the next quarter sales put growth at 20.01%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 27.37%. The 2025 estimates are for Arista Networks Inc earnings to increase by 9.91%, but the outlook for the next 5-year period is at 16.66% per year.
Arista Networks Inc (NYSE:ANET)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 18.16% of Arista Networks Inc shares while 68.57% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.78%. There are 68.57% institutions holding the Arista Networks Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 7.4727% of the shares, roughly 23.39 million ANET shares worth $8.2 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.4177% or 20.09 million shares worth $7.04 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 31.58 shares estimated at $2.63 billion under it, the former controlled 2.50% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.22% of the shares, roughly 27.96 shares worth around $2.33 billion.
