A new trading day began on Tuesday, with Arista Networks Inc (NYSE: ANET) stock price up 2.15% from the previous day of trading, before settling in for the closing price of $399.72. ANET’s price has ranged from $210.69 to $431.97 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 23.55%. Meanwhile, its annual earnings per share averaged 26.24%. With a float of $257.94 million, this company’s outstanding shares have now reached $312.25 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Computer Hardware Industry. The insider ownership of Arista Networks Inc is 18.10%, while institutional ownership is 68.59%. The most recent insider transaction that took place on Nov 21 ’24, was worth 7,107,556. In this transaction President and CEO of this company sold 17,759 shares at a rate of $400.22, taking the stock ownership to the 17,681 shares. Before that another transaction happened on Nov 21 ’24, when Company’s Chief Platform Officer sold 1,585 for $394.33, making the entire transaction worth $625,009. This insider now owns 72 shares in total.
Arista Networks Inc (ANET) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 2.08 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 26.24% 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
Here are Arista Networks Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 19.45. Likewise, its price to free cash flow for the trailing twelve months is 40.46.
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 9.78 in one year’s time.
Technical Analysis of Arista Networks Inc (ANET)
Looking closely at Arista Networks Inc (NYSE: ANET), its last 5-days average volume was 2.34 million, which is a jump from its year-to-date volume of 2.24 million. As of the previous 9 days, the stock’s Stochastic %D was 85.01%. Additionally, its Average True Range was 12.94.
During the past 100 days, Arista Networks Inc’s (ANET) raw stochastic average was set at 83.12%, which indicates a significant increase from 62.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.59% in the past 14 days, which was higher than the 43.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $394.98, while its 200-day Moving Average is $331.59. However, in the short run, Arista Networks Inc’s stock first resistance to watch stands at $413.99. Second resistance stands at $419.66. The third major resistance level sits at $425.41. If the price goes on to break the first support level at $402.57, it is likely to go to the next support level at $396.82. Should the price break the second support level, the third support level stands at $391.15.
Arista Networks Inc (NYSE: ANET) Key Stats
With a market capitalization of 128.60 billion, the company has a total of 314,940K Shares Outstanding. Currently, annual sales are 5,860 M while annual income is 2,087 M. The company’s previous quarter sales were 1,811 M while its latest quarter income was 747,940 K.
