Arista Networks (ANET) to Release Quarterly Earnings on Thursday

Arista Networks (NYSE:ANETGet Free Report) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Arista Networks to post earnings of $1.85 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Arista Networks Stock Performance

ANET opened at $405.28 on Wednesday. The company’s 50-day simple moving average is $378.33 and its two-hundred day simple moving average is $341.91. The stock has a market capitalization 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. Arista Networks has a 52-week low of $203.19 and a 52-week high of $422.73.

Analysts Set New Price Targets

ANET has been the topic of several research reports. Wells Fargo & Company raised their target price on shares of Arista Networks from $390.00 to $460.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their price objective on Arista Networks from $390.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Rosenblatt Securities increased their target price on Arista Networks from $220.00 to $265.00 and gave the company a “sell” rating in a report on Wednesday, July 31st. Morgan Stanley raised their target price on Arista Networks from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Finally, Citigroup upped their price target on shares of Arista Networks from $385.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $373.88.

Get Our Latest Analysis on ANET

Insider Activity at Arista Networks

In other Arista Networks news, Director Kelly Bodnar Battles sold 373 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $396.48, for a total transaction of $147,887.04. Following the sale, the director now directly owns 2,192 shares of the company’s stock, valued at $869,084.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Arista Networks news, SVP Kenneth Duda sold 20,000 shares of Arista Networks stock in a transaction on Monday, October 7th. The shares were sold at an average price of $394.69, for a total value of $7,893,800.00. Following the sale, the senior vice president now directly owns 3,244 shares in the company, valued at approximately $1,280,374.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kelly Bodnar Battles sold 373 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $396.48, for a total transaction of $147,887.04. Following the completion of the sale, the director now owns 2,192 shares in the company, valued at approximately $869,084.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,514 shares of company stock worth $21,283,604. 3.54% of the stock is owned by corporate insiders.

Arista Networks Company Profile

(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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