Arista Networks (ANET) Scheduled to Post Quarterly Earnings on Thursday

Arista Networks (NYSE:ANETGet Free Report) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $1.85 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Arista Networks Stock Performance

ANET stock opened at $405.28 on Wednesday. The firm has a market cap of $127.32 billion, a P/E ratio of 52.57, a P/E/G ratio of 3.47 and a beta of 1.08. The firm’s fifty day moving average is $378.33 and its 200 day moving average is $341.91. Arista Networks has a 52 week low of $203.19 and a 52 week high of $422.73.

Insider Activity at Arista Networks

In related news, SVP Marc Taxay sold 4,497 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $336.32, for a total value of $1,512,431.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Marc Taxay sold 4,497 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $336.32, for a total transaction of $1,512,431.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kelly Bodnar Battles sold 372 shares of Arista Networks stock in a transaction on Monday, September 16th. The shares were sold at an average price of $356.74, for a total value of $132,707.28. Following the transaction, the director now owns 2,565 shares of the company’s stock, valued at $915,038.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,514 shares of company stock worth $21,283,604 over the last ninety days. 3.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ANET shares. Morgan Stanley lifted their price objective on Arista Networks from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. UBS Group boosted their price objective on Arista Networks from $285.00 to $369.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Citigroup raised their target price on shares of Arista Networks from $385.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Rosenblatt Securities upped their price target on shares of Arista Networks from $220.00 to $265.00 and gave the company a “sell” rating in a report on Wednesday, July 31st. Finally, Barclays increased their price target on shares of Arista Networks from $320.00 to $341.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $373.88.

View Our Latest Stock Analysis on ANET

About Arista Networks

(Get Free Report)

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.

Further Reading

Earnings History for Arista Networks (NYSE:ANET)

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