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. Yahoo Finance discussed the stock recently as it posted Arista Networks to Announce Q4 2023 Financial Results on Monday, February 12th 2024.
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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. The current market capitalization of Arista Networks Inc is $82.94B. A total of 1.47 million shares were traded on the day, compared to an average of 2.00M 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 11 BUY and 47 SELL insider trades, representing the acquisition of 54,540 and the disposition of 132,224 shares. Over the last 12 months, there were 249 BUYs and 334 SELLs from insiders. Insiders purchased 1,176,918 shares during that period but sold 1,657,339.
In the most recent transaction, Ullal Jayshree sold 23,000 shares of ANET for 257.77 per share on Jan 18. After the transaction, the President and CEO now owns 1,696,500 company shares. In a previous transaction on Jan 18, Ullal Jayshree sold 18,621 shares at 257.60 per share. ANET shares that President and CEO owns now total 82,766.
Among the insiders who sold shares, Duda Kenneth disposed of 20,000 shares on Jan 10 at a per-share price of $249.00. This resulted in the CTO and SVP Software Eng. holding 3,244 shares of ANET after the transaction. In another insider transaction, Duda Kenneth sold 19,500 shares at $248.99 per share on Jan 10. Company shares held by the CTO and SVP Software Eng. now total 202,100.
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 $246.34 with high estimates of $306.00 and low estimates of $180.00. In terms of 52-week highs and lows, ANET has a high of $265.00 and a low of $107.57.
As of this writing, ANET has an earnings estimate of $1.7 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $1.76 per share and a lower estimate of $1.62. The company reported an EPS of $1.58 in the last quarter, which was 9.70% higher than expectations of $1.44.
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 $20.92, 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 4.36.
