Is Arista Networks, Inc. (ANET) a Buy? The Stock Rises Again

April 17, 2018 - By Richard Conner

Arista Networks, Inc. (NYSE:ANET) Logo

The stock of Arista Networks, Inc. (NYSE:ANET) is a huge mover today! The stock increased 7.25% or $17.36 during the last trading session, reaching $256.8. About 1.32M shares traded. Arista Networks, Inc. (NYSE:ANET) has risen 91.94% since April 17, 2017 and is uptrending. It has outperformed by 80.39% the S&P500.
The move comes after 9 months positive chart setup for the $18.97B company. It was reported on Apr, 17 by Barchart.com. We have $269.64 PT which if reached, will make NYSE:ANET worth $948.55M more.

Analysts await Arista Networks, Inc. (NYSE:ANET) to report earnings on May, 3. They expect $1.32 EPS, up 67.09 % or $0.53 from last year’s $0.79 per share. ANET’s profit will be $97.51M for 48.64 P/E if the $1.32 EPS becomes a reality. After $1.45 actual EPS reported by Arista Networks, Inc. for the previous quarter, Wall Street now forecasts -8.97 % negative EPS growth.

Arista Networks, Inc. (NYSE:ANET) Ratings Coverage

Among 23 analysts covering Arista Networks (NYSE:ANET), 9 have Buy rating, 1 Sell and 13 Hold. Therefore 39% are positive. Arista Networks had 37 analyst reports since October 19, 2017 according to SRatingsIntel. The rating was maintained by Needham on Friday, November 3 with “Buy”. The firm has “Buy” rating given on Thursday, November 16 by Needham. The firm earned “Hold” rating on Friday, February 16 by Jefferies. The stock of Arista Networks, Inc. (NYSE:ANET) earned “Buy” rating by DA Davidson on Friday, November 3. The firm earned “Market Perform” rating on Thursday, October 26 by JMP Securities. The company was maintained on Tuesday, February 20 by Nomura. Morgan Stanley maintained Arista Networks, Inc. (NYSE:ANET) on Thursday, December 21 with “Buy” rating. On Friday, February 16 the stock rating was maintained by Cowen & Co with “Buy”. Cowen & Co maintained the stock with “Buy” rating in Friday, November 3 report. The rating was maintained by UBS with “Neutral” on Friday, November 3.

Arista Networks, Inc. supplies cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company has market cap of $18.97 billion. The company??s cloud networking solutions consist of its Extensible Operating System and a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products. It has a 48.01 P/E ratio. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services.

Arista Networks, Inc. (NYSE:ANET) Ratings Chart

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