Analysts Point To Arista Networks Inc (NYSE: ANET) Growth In The Future

After Hours

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.

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Stocks Info

As a NYSE listed company, ANET falls under the Technology sector while operating within the Computer Hardware industry segment. The current market capitalization of Arista Networks Inc is $80.41B. A total of 1.95 million shares were traded on the day, compared to an average of 2.63M shares.

In the most recent transaction, Duda Kenneth sold 20,000 shares of ANET for 290.05 per share on Apr 10 ’24. After the transaction, the CTO and SVP Software Eng. now owns 3,244 company shares. In a previous transaction on Apr 10 ’24, Duda Kenneth sold 16,000 shares at 290.05 per share. ANET shares that CTO and SVP Software Eng. owns now total 243,268.

Among the insiders who sold shares, Ullal Jayshree disposed of 4,042 shares on Apr 09 ’24 at a per-share price of $299.99. This resulted in the President and CEO holding 1,628,532 shares of ANET after the transaction. In another insider transaction, Ullal Jayshree sold 24,000 shares at $300.96 per share on Apr 04 ’24. Company shares held by the President and CEO now total 1,629,300.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, ANET has a high of $307.74 and a low of $131.68.

As of this writing, ANET has an earnings estimate of $Cloudflare, Inc. per share for the current quarter. EPS was calculated based on a consensus of Arista Networks, Inc. estimates, with a high estimate of $ZW Data Action Technologies Inc per share and a lower estimate of $ANEW.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $23.12, while its Total Shareholder’s Equity was $3.98B.

Analysts Opinion

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. 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 4.18.

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