Computer and Technology sector’s Arista Networks’s (NYSE:ANET) Buy rating Reiterated by Evercore ISI

Arista Networks (NYSE:ANET)‘s stock had its Buy rating Reiterated by analysts at Evercore ISI in a research report issued to clients and investors. A price-to-earnings ratio of 40.58, market cap of 28.5B and a beta of 1.17.  Arista Networks has a twelve month low $200.35 of  and a twelve month high of $384.00.

Shares of Arista Networks traded up $7.80 on friday, reaching $371.92. 587,208 shares of the stock traded hands, compared to its average volume of 456690. Shares of Arista Networks at close on friday were at $371.92. The firm’s 50 day moving average is $363.5 and its 200 day moving average is 333.15.Arista Networks  has a 12 month low of $366.46 and a 12 month high of $384.00. While on yearly highs and lows, Arista Networks’s today has traded high as $375.96 and has touched $366.46 on the downward trend. See More Analyst Rating at: RATING

Arista Networks (NYSE:ANET) Moving Average Technical Analysis

5 day Moving Average is 357.25 And 5 day price change is 21.44 (0.0612)  with average volume for 5 day average is 437,060. While technical analysis for average 20 days shows significant difference, 20 day moving average is  355.12 and 20 day price change is 21 (0.0598) and average 20 day moving volume is 446,915. 50 day moving average is 363.5  and 50 day price change is -9.09 ( -2.39%)  and with average volume for 50 days is : 417,082. 200 day moving average is 333.15  and 200 day price change is 81.1 (0.2789)  and with average volume for 200 days is : 472,840.

See More Analyst Rating at: RATING

Arista Networks Earnings and What to expect: 

Arista Networks last issued its quarterly earnings data on August 1st, 2021. The technology company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.18. The company had revenue of $707.30 million for the quarter, compared to analyst estimates of $688.89 million. Its revenue for the quarter was up 30.8% on a year-over-year basis. Arista Networks has generated $8.09 earnings per share over the last year ($9.17 diluted earnings per share) and currently has a price-to-earnings ratio of 40.6. Earnings for Arista Networks are expected to grow by 11.28% in the coming year, from $9.04 to $10.06 per share. Arista Networks has confirmed that its next quarterly earnings report will be published on Monday, November 1st, 2021. Arista Networks will be holding an earnings conference call on Monday, November 1st at 4:15 PM Eastern. Interested parties can .

Earnings for Arista Networks are expected to grow by 11.28% in the coming year, from $9.04 to $10.06 per share. The P/E ratio of Arista Networks is 40.56, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.54. The P/E ratio of Arista Networks is 40.56, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 38.05. Arista Networks has a PEG Ratio of 3.02. PEG Ratios above 1 indicate that a company could be overvalued. Arista Networks has a P/B Ratio of 8.48. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Other owners latest trading in Arista Networks :

  • On 10/8/2021 shares held by Probity Advisors Inc. were 3,125 which equates to market value of $1.07M and appx 0.20% owners of Arista Networks
  • On 10/8/2021 shares held by Carnegie Capital Asset Management LLC were 8,402 which equates to market value of $2.89M and appx 0.10% owners of Arista Networks
  • On 10/7/2021 shares held by Berman Capital Advisors LLC were 219 which equates to market value of $75K and appx 0.00% owners of Arista Networks
  • In total Institutional ownership equates to Institutional Ownership Percentage: 61.51% for Arista Networks

See More Analyst Rating at: RATING