Stock Worth Watching: Arista Networks Inc’s Trend Up, Especially After Today’s All Time High Milestone

Stock Worth Watching: Arista Networks Inc's Trend Up, Especially After Today's All Time High Milestone

The stock of Arista Networks Inc (NYSE:ANET) reached all time high today, Nov, 22 and still has $99.46 target or 5.00% above today’s $94.72 share price. This indicates more upside for the $6.65B company. This technical setup was reported by Barchart.com. If the $99.46 PT is reached, the company will be worth $332.50M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 356,521 shares traded hands. Arista Networks Inc (NYSE:ANET) has risen 47.74% since April 20, 2016 and is uptrending. It has outperformed by 43.18% the S&P500.

Arista Networks Inc (NYSE:ANET) Ratings Coverage

Out of 20 analysts covering Arista Networks (NYSE:ANET), 11 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 55% are positive. Arista Networks has been the topic of 30 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, August 26 by Citigroup. As per Friday, November 6, the company rating was maintained by Deutsche Bank. The firm has “Buy” rating given on Wednesday, September 14 by Deutsche Bank. The stock has “Buy” rating given by Stifel Nicolaus on Friday, November 18. As per Monday, November 2, the company rating was downgraded by Goldman Sachs. The rating was downgraded by Bank of America to “Underperform” on Monday, June 27. As per Friday, May 6, the company rating was maintained by RBC Capital Markets. The stock has “Buy” rating given by Citigroup on Wednesday, January 27. The rating was maintained by Buckingham Research on Wednesday, September 16 with “Neutral”. On Monday, October 31 the stock rating was maintained by Needham with “Buy”.

According to Zacks Investment Research, “Arista Networks, Inc. is engaged in providing cloud networking solutions for datacentre and cloud computing environments. It offers ethernet switches, pass-through cards, transceivers, cards, and enhanced operating systems, host adapter solutions and networking services. The Company serves a range of industries, including Internet companies, service providers, financial services organizations, government agencies, and media and entertainment companies. Arista Networks, Inc. is headquartered in Santa Clara, California.”

More important recent Arista Networks Inc (NYSE:ANET) news were published by: Nasdaq.com which released: “Arista Networks Inc (ANET) President and CEO Jayshree Ullal Sold $’4 million …” on November 17, 2016, also Fool.com published article titled: “Why Arista Networks Inc. Stock Plunged Today”, Businesswire.com published: “Arista Networks, Inc. Reports Second Quarter 2016 Financial Results” on August 04, 2016. More interesting news about Arista Networks Inc (NYSE:ANET) was released by: Seekingalpha.com and their article: “Arista Networks: Litigation Is A Compliment” with publication date: November 14, 2016.

ANET Company Profile

Arista Networks, Inc., incorporated on December 2, 2011, 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. At the core of its cloud networking platform is EOS, which is purpose-built to be programmable and modular. The programmability of EOS allows it to create a set of software applications that address the requirements of cloud networking, including workflow automation, network visibility and analytics, and allows it to integrate with a range of third-party applications for virtualization, management, automation, orchestration and network services. EOS supports cloud and virtualization solutions, including VMware NSX, Microsoft System Center, OpenStack and other cloud management frameworks. The Firm offers a product line of data center 10/25/40/50/100 Gigabit Ethernet switches comprising its 7050X Series, 7060X Series, 7150 Series, 7260 Series, 7280 leaf switches, 7300X Series Spline switches and its 7500E Series spine switches.

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