Arista Networks is a computer hardware company located in California, United States, which is part of the Technology sector, and is traded under the ticker ANET on the NYSE exchange.
Arista Networks stock last closed at $167.96, down 0.58% from the previous day, and has increased 20.5% in one year. It has overperformed other stocks in the Computer Hardware industry by 0.39 percentage points. Arista Networks stock is currently +88.48% from its 52-week low of $89.12, and -2.03% from its 52-week high of $171.44.
As of Mar 27, 2023, there are 306.4M ANET shares outstanding. The market value of ANET is $51.46B. In the past 24 hours, 1.94M ANET shares were traded.
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Once you have selected the best place to buy Arista Networks stock, it's important to research their stock before you buy, so you can comprehend the risk as well as the opportunity.
WallStreetZen was designed to help part-time investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on ANET's stock page.
You can use many financial metrics, analyses, models, and charts to gauge ANET's fair value.
Using relative valuations methods:
You can do more valuation analysis on ANET's stock here.
Out of 12 Wall Street analysts who give ratings on ANET, the consensus analyst rating on ANET is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
Aaron Rakers, a top 1% analyst from Wells Fargo maintains ANET with a strong buy rating and raises their ANET price target from $170.00 to $200.00, on Mar 22, 2023.
Maintaining his Strong Buy rating, Rakers raised his price target on Arista Networks Inc. by 17.7% following the company's introduction of a WAN Routing System on 2023/03/21.
The analyst said he made the move to reflect Arista's positioning for AI network build-outs and the announcement highlighting the company's focus on TAM* expansion.
Arista revealed its new WAN Routing System, which combines enterprise routing, carrier/cloud internet transit capabilities, and CloudVision Pathfinder Service, Rakers reported.
This event reflects "Arista's focus on extending the use of its single-instance EOS (operating system) across enterprise networking domains," he added.
* Total Addressable Market.
Meta Marshall, a top 4% analyst from Morgan Stanley maintains ANET with a hold rating and raises their ANET price target from $130.00 to $140.00, on Feb 14, 2023.
Fahad Najam, a top 21% analyst from Loop Capital maintains ANET with a strong buy rating and raises their ANET price target from $181.00 to $188.00, on Feb 14, 2023.
Paul Silverstein, a bottom 10% analyst from Cowen & Co. maintains ANET with a buy rating and raises their ANET price target from $212.00 to $225.00, on Feb 14, 2023.
Sami Badri, a top 11% analyst from Credit Suisse maintains ANET with a hold rating and raises their ANET price target from $140.00 to $146.00, on Feb 14, 2023.
You can dive deeper into what analysts are projecting on the Arista Networks stock forecast page.
Last year, ANET earnings were $1.35B. Over the last 5 year, ANET's earnings have grown by 24.71% per year. This was faster than the Computer Hardware industry average of 12.09%.
Last year, ANET revenue was $4.38B. In the past five year, ANET's revenue has grown by 21.63% per year. This was slower than the Computer Hardware industry average of 23.25%.
You can research ANET's earnings and revenue performance here.
Over the past 12 months, executives and large shareholders at ANET have sold more shares than they have bought.
Anshul Sadana, SVP Chief Operating Officer of ANET, was the latest ANET insider to sell. They sold $307,116.58 worth of ANET shares on Mar 15, 2023.
Dig into more about who owns ANET stock here.
No, Arista Networks doesn't provide an income stream by paying out dividends.
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