News headlines about Arista Networks (NYSE:ANET) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Arista Networks earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 44.8022833787657 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- How much this stock is Risky? Arista Networks, Inc. (ANET)’s Beta value is at 1.44 – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Fading In Success? ServiceNow, Inc. (NOW), Arista Networks, Inc. (ANET) – NMSU Nеws (nmsunews.com)
- Analyzing Arista Networks (ANET) & Nokia (NOK) (americanbankingnews.com)
- Analyst mean rating stands at 2.20while Arista Networks, Inc. (ANET) closes Yesterday with change of 2.89% – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Noteworthy ETF Inflows: FDN, EBAY, TWTR, ANET – Nasdaq (nasdaq.com)
Arista Networks stock traded down $8.96 during trading on Thursday, reaching $273.74. The company had a trading volume of 934,057 shares, compared to its average volume of 1,311,590. The stock has a market cap of $21,085.51, a PE ratio of 51.26, a PEG ratio of 2.07 and a beta of 1.46. Arista Networks has a 1 year low of $128.66 and a 1 year high of $311.67. The company has a current ratio of 4.28, a quick ratio of 3.70 and a debt-to-equity ratio of 0.02.
Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Thursday, February 15th. The technology company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.32. The firm had revenue of $467.90 million during the quarter, compared to analysts’ expectations of $463.82 million. Arista Networks had a return on equity of 25.86% and a net margin of 25.71%. The firm’s quarterly revenue was up 42.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. equities research analysts predict that Arista Networks will post 6.01 EPS for the current fiscal year.
ANET has been the subject of a number of recent analyst reports. Deutsche Bank downgraded Arista Networks from a “hold” rating to a “sell” rating in a report on Monday. Vetr downgraded Arista Networks from a “strong-buy” rating to a “buy” rating and set a $321.08 target price for the company. in a report on Tuesday, March 6th. Citigroup raised their target price on Arista Networks to $250.00 and gave the company a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised Arista Networks from a “hold” rating to a “buy” rating and set a $267.00 target price for the company in a report on Thursday, February 22nd. Finally, KeyCorp reissued an “overweight” rating and issued a $240.00 target price (up previously from $213.00) on shares of Arista Networks in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $250.60.
In other Arista Networks news, insider Jayshree Ullal sold 4,933 shares of Arista Networks stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $299.39, for a total value of $1,476,890.87. Following the completion of the sale, the insider now owns 5,900 shares in the company, valued at approximately $1,766,401. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anshul Sadana sold 24,000 shares of Arista Networks stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $256.25, for a total value of $6,150,000.00. Following the completion of the sale, the insider now owns 80,972 shares of the company’s stock, valued at approximately $20,749,075. The disclosure for this sale can be found here. In the last quarter, insiders have sold 98,166 shares of company stock valued at $26,034,235. 28.09% of the stock is currently owned by company insiders.
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Arista Networks Company Profile
Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.
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