Today, Arista Networks Inc (NYSE: ANET) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Arista Networks to Announce Q4 2023 Financial Results on Monday, February 12th 2024.

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Stocks Info

The company is listed on the NYSE and operates within the Computer Hardware industry segment. At the end of the last regular session, the stock closed at $262.98 and fluctuated between $263.73 as its day high and $260.64 as its day low. The current market capitalization of Arista Networks Inc is $81.81B. A total of 2.21 million shares were traded on the day, compared to an average of 1.80M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ANET has seen 3 BUY and 32 SELL insider trades, representing the acquisition of 42,500 and the disposition of 100,684 shares. Over the last 12 months, there were 246 BUYs and 330 SELLs from insiders. Insiders purchased 1,175,870 shares during that period but sold 1,652,291.

In the most recent transaction, Ullal Jayshree sold 980 shares of ANET for 268.29 per share on Jan 29. After the transaction, the President and CEO now owns 73,051 company shares. In a previous transaction on Jan 25, Ullal Jayshree sold 733 shares at 268.15 per share. ANET shares that President and CEO owns now total 74,031.

Among the insiders who sold shares, Ullal Jayshree disposed of 24,000 shares on Jan 22 at a per-share price of $267.67. This resulted in the President and CEO holding 1,692,000 shares of ANET after the transaction. In another insider transaction, Ullal Jayshree sold 8,002 shares at $267.39 per share on Jan 22. Company shares held by the President and CEO now total 74,764.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ANET in the last 3 months, the mean price target is $250.39 with high estimates of $320.00 and low estimates of $180.00. In terms of 52-week highs and lows, ANET has a high of $272.90 and a low of $123.74.

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

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.33.

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