On Tuesday, Arista Networks Inc (NYSE: ANET) opened higher 2.59% from the last session, before settling in for the closing price of $394.88. Price fluctuations for ANET have ranged from $203.19 to $422.73 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 23.55% over the last five years. Company’s average yearly earnings per share was noted 19.42% at the time writing. With a float of $257.21 million, this company’s outstanding shares have now reached $312.25 million.
The firm has a total of 4023 workers. Let’s measure their productivity. In terms of profitability, gross margin is 64.01%, operating margin of 41.23%, and the pretax margin is 44.87%.
Arista Networks Inc (ANET) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Computer Hardware industry is another important factor to consider. The insider ownership of Arista Networks Inc is 18.12%, while institutional ownership is 70.16%. The most recent insider transaction that took place on Nov 01 ’24, was worth 241,694. In this transaction SVP and General Counsel of this company sold 624 shares at a rate of $387.33, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 01 ’24, when Company’s Chief Platform Officer sold 584 for $387.33, making the entire transaction worth $226,201. This insider now owns 72 shares in total.
Arista Networks Inc (ANET) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.83 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.58) by 0.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 19.42% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.00% during the next five years compared to 45.36% growth over the previous five years of trading.
Arista Networks Inc (NYSE: ANET) Trading Performance Indicators
Check out the current performance indicators for Arista Networks Inc (ANET). In the past quarter, the stock posted a quick ratio of 3.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 20.16. Likewise, its price to free cash flow for the trailing twelve months is 47.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.71, a number that is poised to hit 2.08 in the next quarter and is forecasted to reach 9.51 in one year’s time.
Technical Analysis of Arista Networks Inc (ANET)
Analysing the last 5-days average volume posted by the [Arista Networks Inc, ANET], we can find that recorded value of 1.4 million was lower than the volume posted last year of 2.19 million. As of the previous 9 days, the stock’s Stochastic %D was 70.64%. Additionally, its Average True Range was 10.54.
During the past 100 days, Arista Networks Inc’s (ANET) raw stochastic average was set at 86.53%, which indicates a significant increase from 68.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.42% in the past 14 days, which was lower than the 40.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $378.18, while its 200-day Moving Average is $322.00. Now, the first resistance to watch is $408.01. This is followed by the second major resistance level at $410.89. The third major resistance level sits at $416.43. If the price goes on to break the first support level at $399.59, it is likely to go to the next support level at $394.05. Now, if the price goes above the second support level, the third support stands at $391.17.
Arista Networks Inc (NYSE: ANET) Key Stats
There are currently 314,153K shares outstanding in the company with a market cap of 127.27 billion. Presently, the company’s annual sales total 5,860 M according to its annual income of 2,087 M. Last quarter, the company’s sales amounted to 1,690 M and its income totaled 665,430 K.
