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.
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.
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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.
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