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Friday, September 29, 2023

Arista Networks Inc. (ANET) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Arista Networks Inc. (ANET) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.28, or 0.14%, to $196.75. The Arista Networks Inc. has recorded 57,446 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Arista Networks, Inc. Reports Second Quarter 2023 Financial Results.

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Stocks Info

Arista Networks Inc. is listed on the NYSE in the Technology sector while operating in the Computer Hardware industry. At the end of the last regular session, the stock closed at $196.47 and fluctuated between $197.43 as its day high and $193.48 as its day low. The current market capitalization of Arista Networks Inc. is $60.54B. A total of 1.5 million shares were traded on the day, compared to an average of 3.00M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ANET has seen 65 BUY and 70 SELL insider trades, representing the acquisition of 198,467 and the disposition of 276,005 shares. Over the last 12 months, there were 302 BUYs and 318 SELLs from insiders. Insiders purchased 1,154,265 shares during that period but sold 1,530,023.

In the most recent transaction, Taxay Marc sold 5,301 shares of ANET for 196.99 per share on Sep 01. After the transaction, the SVP and General Counsel now owns 0 company shares. In a previous transaction on Sep 01, McCool John F sold 1,000 shares at 197.78 per share. ANET shares that Chief Platform Officer owns now total 144.

Among the insiders who sold shares, Ullal Jayshree disposed of 16,500 shares on Aug 24 at a per-share price of $192.22. This resulted in the President and CEO holding 1,740,200 shares of ANET after the transaction. In another insider transaction, Ullal Jayshree sold 16,000 shares at $187.11 per share on Aug 22. Company shares held by the President and CEO now total 1,744,200.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ANET in the last 3 months, the mean price target is $199.35 with high estimates of $225.00 and low estimates of $160.00. In terms of 52-week highs and lows, ANET has a high of $198.70 and a low of $98.20.

As of this writing, ANET has an earnings estimate of $1.58 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $1.69 per share and a lower estimate of $1.51. The company reported an EPS of $1.43 in the last quarter, which was 6.70% higher than expectations of $1.34.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ANET’s latest balance sheet shows that the firm has $3.41B in Cash & Short Term Investments as of fiscal 2021. There were $56.53M in debt and $1.11B in liabilities at the time. Its Book Value Per Share was $18.98, while its Total Shareholder’s Equity was $3.98B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ANET is Buy with a score of 4.45.

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