In the last trading session, 7.73 million shares of the Arista Networks Inc (NYSE:ANET) were traded, and its beta was 1.38. Most recently the company’s share price was $95.09, and it changed around $2.74 or 2.97% from the last close, which brings the market valuation of the company to $119.43B. ANET currently trades at a discount to its 52-week high of $133.57, offering almost -40.47% off that amount. The share price’s 52-week low was $59.43, which indicates that the current value has risen by an impressive 37.5% since then. We note from Arista Networks Inc’s average daily trading volume that its 10-day average is 8.5 million shares, with the 3-month average coming to 10.70 million.
Arista Networks Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.54. If we narrow it down even further, the data shows that 0 out of 29 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 6 recommended ANET as a Hold, whereas 15 deemed it a Buy, and 1 rated it as Underweight.
Arista Networks Inc (NYSE:ANET) trade information
Instantly ANET has showed a green trend with a performance of 2.97% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 97.47 on recent trading dayincreased the stock’s daily price by 2.44%. The company’s shares are currently down -13.97% year-to-date, but still down -1.77% over the last five days. On the other hand, Arista Networks Inc (NYSE:ANET) is -1.02% down in the 30-day period. We can see from the shorts that 21.39 million shares have been sold at a short interest cover period of 2.08 day(s).
The consensus price target as assigned by Wall Street analysts is $115, which translates to bulls needing to increase their stock price by 17.31% from its current value. Analyst projections state that ANET is forecast to be at a low of $115 and a high of $115.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 27.37%. Arista Networks Inc earnings are expected to increase by 12.68% in 2025, but the outlook is positive 16.17% per year for the next five years.
ANET Dividends
Arista Networks Inc’s next quarterly earnings report is expected to be released on 2025-May-05.
Arista Networks Inc (NYSE:ANET)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 18.02% of Arista Networks Inc shares, and 69.59% of them are in the hands of institutional investors. The stock currently has a share float of 84.89%. Arista Networks Inc stock is held by 2290.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.4565% of the shares, which is about 23.39 million shares worth $8.2 billion.
BLACKROCK INC., with 6.4038% or 20.09 million shares worth $7.04 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
