The stock of Arista Networks Inc (NYSE:ANET) reached all time high today, Nov, 28 and still has $98.53 target or 4.00% above today’s $94.74 share price. This indicates more upside for the $6.61 billion company. This technical setup was reported by Barchart.com. If the $98.53 PT is reached, the company will be worth $264.40 million 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 30,751 shares traded hands. Arista Networks Inc (NYSE:ANET) has risen 43.62% since April 25, 2016 and is uptrending. It has outperformed by 37.61% the S&P500.
Analysts await Arista Networks Inc (NYSE:ANET) to report earnings on February, 16. They expect $0.67 EPS, down 1.47% or $0.01 from last year’s $0.68 per share. ANET’s profit will be $46.80 million for 35.37 P/E if the $0.67 EPS becomes a reality. After $0.69 actual EPS reported by Arista Networks Inc for the previous quarter, Wall Street now forecasts -2.90% negative EPS growth.
Arista Networks Inc (NYSE:ANET) Ratings Coverage
Out of 20 analysts covering Arista Networks (NYSE:ANET), 11 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 55% are positive. $110 is the highest target while $21 is the lowest. The $84.78 average target is -10.51% below today’s ($94.74) stock price. Arista Networks has been the topic of 31 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, November 18 by Stifel Nicolaus. The stock has “Neutral” rating given by JP Morgan on Wednesday, January 6. The firm has “Underperform” rating given on Monday, June 27 by Bank of America. On Friday, August 5 the stock rating was maintained by UBS with “Neutral”. The stock of Arista Networks Inc (NYSE:ANET) has “Buy” rating given on Wednesday, January 27 by Citigroup. Buckingham Research maintained Arista Networks Inc (NYSE:ANET) on Wednesday, September 16 with “Neutral” rating. The firm earned “Sector Perform” rating on Wednesday, August 31 by RBC Capital Markets. On Monday, September 19 the stock rating was downgraded by M Partners to “Neutral”. The rating was maintained by Deutsche Bank on Friday, November 6 with “Buy”. On Wednesday, September 14 the stock rating was maintained by Deutsche Bank 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: Finance.Yahoo.com which released: “Arista Networks Inc (ANET) President and CEO Jayshree Ullal Sold $34 million …” on November 17, 2016, also Fool.com published article titled: “Why Arista Networks Inc. Stock Plunged Today”, Nasdaq.com published: “Arista Networks Inc (ANET) President and CEO Jayshree Ullal Sold $’4 million …” on November 17, 2016. More interesting news about Arista Networks Inc (NYSE:ANET) was released by: Businesswire.com and their article: “Arista Networks, Inc. Reports Second Quarter 2016 Financial Results” with publication date: August 04, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.