The Question Is Whether To Buy Or Not To Buy Arista Networks Inc (NYSE: ANET)

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. The stock was recently discussed on Yahoo Finance as it revealed that 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 as a member of the Technology sector and is a part of the Computer Hardware industry. The current market capitalization of Arista Networks Inc is $85.83B. A total of 2.43 million shares were traded on the day, compared to an average of 1.75M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ANET has seen 1 BUY and 19 SELL insider trades, representing the acquisition of 20,000 and the disposition of 59,500 shares. Over the last 12 months, there were 243 BUYs and 329 SELLs from insiders. Insiders purchased 1,174,862 shares during that period but sold 1,651,283.

In the most recent transaction, Giancarlo Charles H sold 2,000 shares of ANET for 262.41 per share on Feb 01. After the transaction, the Director now owns 62,946 company shares. In a previous transaction on Feb 01, Taxay Marc sold 1,048 shares at 262.00 per share. ANET shares that SVP and General Counsel owns now total 0.

Among the insiders who sold shares, McCool John F disposed of 588 shares on Feb 01 at a per-share price of $262.00. This resulted in the Chief Platform Officer holding 0 shares of ANET after the transaction. In another insider transaction, Ullal Jayshree sold 980 shares at $268.29 per share on Jan 29. Company shares held by the President and CEO now total 73,051.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ANET in the last 3 months, the mean price target is $264.43 with high estimates of $325.00 and low estimates of $180.00. In terms of 52-week highs and lows, ANET has a high of $276.99 and a low of $130.08.

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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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

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. 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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