VP Jonathan Cartu Reports - Arista Networks (NYSE:ANET) Given a $210.00 Price Target at... - Jonathan Cartu Computer Repair Consultant Services
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VP Jonathan Cartu Reports – Arista Networks (NYSE:ANET) Given a $210.00 Price Target at…

Arista Networks Inc logo

VP Jonathan Cartu Reports – Arista Networks (NYSE:ANET) Given a $210.00 Price Target at…


Barclays set a $210.00 target price on Arista Networks (NYSE:ANET) in a research report report published on Friday, November 1st, TipRanks reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other analysts also recently issued reports on the stock. Nomura decreased their price objective on shares of Arista Networks from $230.00 to $190.00 and set a neutral rating for the company in a report on Friday, November 1st. Cowen cut their target price on shares of Arista Networks from $295.00 to $212.00 and set an outperform rating for the company in a research note on Friday, November 1st. JMP Securities cut their target price on shares of Arista Networks from $280.00 to $216.00 and set an outperform rating for the company in a research note on Friday, November 1st. Goldman Sachs Group cut shares of Arista Networks from a conviction-buy rating to a buy rating and cut their target price for the company from $290.00 to $245.00 in a research note on Friday, November 1st. Finally, Wolfe Research cut their target price on shares of Arista Networks from $270.00 to $200.00 and set a peer perform rating for the company in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $229.72.

Shares of NYSE:ANET opened at $191.17 on Friday. The company has a 50 day moving average of $228.55 and a 200-day moving average of $247.91. The firm has a market cap of $14.72 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.47 and a beta of 1.60. Arista Networks has a twelve month low of $173.31 and a twelve month high of $331.27. The company has a current ratio of 5.91, a quick ratio of 5.47 and a debt-to-equity ratio of 0.03.

Arista Networks (NYSE:ANET) last released its earnings results on Thursday, October 31st. The technology company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.50. The business had revenue of $654.40 million for the quarter, compared to the consensus estimate of $653.26 million. Arista Networks had a net margin of 32.68% and a return on equity of 28.94%. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.11 EPS. Equities research analysts forecast that Arista Networks will post 8.54 EPS for the current year.

In other news, Director Nikos Theodosopoulos sold 1,360 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $225.31, for a total transaction of $306,421.60. Following the transaction, the director now directly owns 4,630 shares of the company’s stock, valued at $1,043,185.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marc Taxay sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $181.52, for a total value of $363,040.00. Following the transaction, the senior vice president now directly owns 11,396 shares in the company, valued at $2,068,601.92. The disclosure for this sale can be found here. Insiders sold 29,110 shares of company stock worth $6,614,810 over the last quarter. 23.83% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in ANET. Swedbank increased its position in Arista Networks by 56.2% during the second quarter. Swedbank now owns 757,942 shares of the technology company’s stock valued at $196,777,000 after acquiring an additional 272,722 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Arista Networks by 1.3% during the second quarter. Retirement Systems of Alabama now owns 24,653 shares of the technology company’s stock valued at $6,400,000 after buying an additional 320 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Arista Networks by 24.2% during the second quarter. Valeo Financial Advisors LLC now owns 190 shares of the technology company’s stock valued at $49,000 after purchasing an additional 37 shares during the period. Argus Investors Counsel Inc. raised its position in Arista Networks by 97.0% during the second quarter. Argus Investors Counsel Inc. now owns 2,984 shares of the technology company’s stock valued at $775,000 after purchasing an additional 1,469 shares during the period. Finally, Campbell & CO Investment Adviser LLC raised its holdings in shares of Arista Networks by 5.9% in the second quarter. Campbell & CO Investment Adviser LLC now owns 1,445 shares of the technology company’s stock worth $375,000 after buying an additional 80 shares during the period. 59.05% of the stock is currently owned by institutional investors and hedge funds.

About Arista Networks

Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company’s cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

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Analyst Recommendations for Arista Networks (NYSE:ANET)



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