Arista Networks, Inc. (ANET) Scheduled to Post Earnings on Thursday

Arista Networks, Inc. (NYSE:ANET) will be posting its Q416 quarterly earnings results on Thursday, February 16th. Analysts expect Arista Networks to post earnings of $0.82 per share and revenue of $315.40 million for the quarter.

Earnings History for Arista Networks (NYSE:ANET)

Arista Networks, Inc. (NYSE:ANET) opened at 99.90 on Tuesday. The firm has a 50-day moving average price of $95.83 and a 200-day moving average price of $87.00. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 43.21 and a beta of 1.15. Arista Networks, Inc. has a one year low of $54.67 and a one year high of $103.00.

This report was first published by sleekmoney and is the sole property of of sleekmoney. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. and international copyright legislation. The correct version of this report can be accessed at http://sleekmoney.com/arista-networks-inc-anet-scheduled-to-post-earnings-on-thursday/1659682.html.

A number of equities analysts have recently commented on ANET shares. Jefferies Group LLC restated an “underperform” rating and issued a $50.00 price objective (up from $40.25) on shares of Arista Networks in a report on Monday, November 7th. BMO Capital Markets restated a “buy” rating and issued a $110.00 price objective on shares of Arista Networks in a report on Tuesday, December 13th. Citigroup Inc. restated a “buy” rating and issued a $91.00 price objective on shares of Arista Networks in a report on Sunday, November 6th. Vetr downgraded Arista Networks from a “strong-buy” rating to a “buy” rating and set a $103.07 price objective on the stock. in a report on Tuesday, January 24th. Finally, Instinet raised their price objective on Arista Networks from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, December 19th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $96.46.

In other news, SVP Marc Taxay sold 2,000 shares of Arista Networks stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $93.58, for a total value of $187,160.00. Following the completion of the transaction, the senior vice president now owns 9,080 shares in the company, valued at approximately $849,706.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Mark Stephen Smith sold 5,000 shares of Arista Networks stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $89.89, for a total value of $449,450.00. Following the completion of the transaction, the vice president now owns 1,620 shares of the company’s stock, valued at approximately $145,621.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 687,218 shares of company stock valued at $67,333,547. Insiders own 32.39% of the company’s stock.

Arista Networks Company Profile

Arista Networks, Inc is a supplier of cloud networking solutions that address the needs of Internet companies, cloud service providers and next-generation data centers for enterprises. The Company’s cloud networking solutions consist of its Extensible Operating System (EOS), which is a set of network applications and its 10/25/40/50/100 Gigabit Ethernet switches.

5 Day Chart for NYSE:ANET

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/arista-networks-inc-anet-scheduled-to-post-earnings-on-thursday/1659682.html

Receive News & Ratings for Arista Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *