Arista Networks Inc (NYSE:ANET) insider Anshul Sadana sold 24,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $256.25, for a total transaction of $6,150,000.00. Following the sale, the insider now owns 80,972 shares of the company’s stock, valued at $20,749,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Arista Networks Inc (ANET) traded up $2.38 during mid-day trading on Thursday, reaching $265.19. 642,324 shares of the company were exchanged, compared to its average volume of 810,259. Arista Networks Inc has a 12 month low of $87.54 and a 12 month high of $268.12. The company has a market capitalization of $19,390.00, a P/E ratio of 55.02, a P/E/G ratio of 1.93 and a beta of 1.38. The company has a current ratio of 3.66, a quick ratio of 3.07 and a debt-to-equity ratio of 0.03.
Arista Networks (NYSE:ANET) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.33. Arista Networks had a net margin of 25.10% and a return on equity of 24.76%. equities research analysts anticipate that Arista Networks Inc will post 4.63 earnings per share for the current year.
Several analysts have issued reports on the stock. DA Davidson upgraded shares of Arista Networks from a “neutral” rating to a “buy” rating and set a $224.00 price target for the company in a research report on Friday, November 3rd. Piper Jaffray Companies assumed coverage on shares of Arista Networks in a research report on Monday, November 13th. They set a “neutral” rating and a $230.00 price target for the company. Needham & Company LLC restated a “buy” rating and set a $217.00 price target (up from $175.00) on shares of Arista Networks in a research report on Friday, November 3rd. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating and set a $270.00 price target on shares of Arista Networks in a research report on Thursday, December 14th. Finally, Royal Bank of Canada upped their price target on shares of Arista Networks from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. Fourteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $205.66.
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Arista Networks Company Profile
Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.
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