On Friday, Arista Networks Inc (NYSE: ANET) opened lower -3.00% from the last session, before settling in for the closing price of $385.95. Price fluctuations for ANET have ranged from $208.00 to $431.97 over the past 52 weeks.
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Annual sales at Technology sector company grew by 23.55% over the past five years. Company’s average yearly earnings per share was noted 25.98% at the time writing. With a float of $257.94 million, this company’s outstanding shares have now reached $312.25 million.
Let’s look at the performance matrix of the company that is accounted for 4023 employees. In terms of profitability, gross margin is 64.41%, operating margin of 42.11%, and the pretax margin is 46.43%.
Arista Networks Inc (ANET) Insider and Institutional Ownership
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 68.64%. The most recent insider transaction that took place on Nov 06 ’24, was worth 8,407,167. In this transaction CTO and SVP Software Eng. of this company sold 20,000 shares at a rate of $420.36, taking the stock ownership to the 3,244 shares. Before that another transaction happened on Nov 06 ’24, when Company’s CTO and SVP Software Eng. sold 20,000 for $420.36, making the entire transaction worth $8,407,160. This insider now owns 174,600 shares in total.
Arista Networks Inc (ANET) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 25.98% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 18.00% 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 3.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 17.30. Likewise, its price to free cash flow for the trailing twelve months is 35.99.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.33, a number that is poised to hit 2.26 in the next quarter and is forecasted to reach 9.76 in one year’s time.
Technical Analysis of Arista Networks Inc (ANET)
Arista Networks Inc (NYSE: ANET) saw its 5-day average volume 3.01 million, a positive change from its year-to-date volume of 2.23 million. As of the previous 9 days, the stock’s Stochastic %D was 9.61%. Additionally, its Average True Range was 12.53.
During the past 100 days, Arista Networks Inc’s (ANET) raw stochastic average was set at 58.88%, which indicates a significant increase from 3.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.31% in the past 14 days, which was higher than the 42.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $388.59, while its 200-day Moving Average is $327.43. Nevertheless, the first resistance level for the watch stands at $381.44 in the near term. At $388.49, the stock is likely to face the second major resistance level. The third major resistance level sits at $393.09. If the price goes on to break the first support level at $369.79, it is likely to go to the next support level at $365.19. The third support level lies at $358.14 if the price breaches the second support level.
Arista Networks Inc (NYSE: ANET) Key Stats
There are currently 314,940K shares outstanding in the company with a market cap of 114.38 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 1,811 M and its income totaled 747,940 K.
