What’s in Arista Networks, Inc. (ANET) After Reaching All-Time High?

January 23, 2018 - By Marguerite Chambers

The stock of Arista Networks, Inc. (NYSE:ANET) reached all time high today, Jan, 23 and still has $281.33 target or 3.00 % above today’s $273.14 share price. This indicates more upside for the $19.97B company. This technical setup was reported by Barchart.com. If the $281.33 PT is reached, the company will be worth $599.01M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.92% or $2.54 during the last trading session, reaching $273.14. About 940,310 shares traded or 8.53% up from the average. Arista Networks, Inc. (NYSE:ANET) has risen 111.25% since January 23, 2017 and is uptrending. It has outperformed by 94.55% the S&P500.

Analysts await Arista Networks, Inc. (NYSE:ANET) to report earnings on February, 15. They expect $1.25 EPS, up 38.89 % or $0.35 from last year’s $0.9 per share. ANET’s profit will be $91.38 million for 54.63 P/E if the $1.25 EPS becomes a reality. After $1.37 actual EPS reported by Arista Networks, Inc. for the previous quarter, Wall Street now forecasts -8.76 % negative EPS growth.

Arista Networks, Inc. (NYSE:ANET) Ratings Coverage

Among 32 analysts covering Arista Networks (NYSE:ANET), 16 have Buy rating, 0 Sell and 16 Hold. Therefore 50% are positive. Arista Networks had 109 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Arista Networks, Inc. (NYSE:ANET) has “Buy” rating given on Friday, November 3 by Needham. The stock of Arista Networks, Inc. (NYSE:ANET) has “Buy” rating given on Thursday, October 19 by Cowen & Co. The firm has “Overweight” rating given on Wednesday, October 14 by Barclays Capital. The stock has “Underperform” rating by Bank of America on Monday, June 27. Jefferies maintained Arista Networks, Inc. (NYSE:ANET) on Tuesday, October 3 with “Hold” rating. The firm has “Buy” rating by DA Davidson given on Wednesday, January 25. The stock of Arista Networks, Inc. (NYSE:ANET) earned “Neutral” rating by Citigroup on Friday, November 3. The stock of Arista Networks, Inc. (NYSE:ANET) has “Buy” rating given on Monday, September 18 by KeyBanc Capital Markets. On Monday, March 27 the stock rating was upgraded by Goldman Sachs to “Neutral”. UBS maintained Arista Networks, Inc. (NYSE:ANET) rating on Wednesday, May 31. UBS has “Neutral” rating and $150 target.

More important recent Arista Networks, Inc. (NYSE:ANET) news were published by: Streetinsider.com which released: “Arista Networks (ANET) Gains as Oppenheimer Names Top Pick for 2018” on January 08, 2018, also Streetinsider.com published article titled: “Form 4 Arista Networks, Inc. For: Jan 16 Filed by: Sadana Anshul”, Fool.com published: “Why Arista Networks, Inc. Stock Skyrocketed 143.4% in 2017” on January 05, 2018. More interesting news about Arista Networks, Inc. (NYSE:ANET) was released by: Businesswire.com and their article: “Arista Networks to Announce Q4 and Fiscal Year 2017 Financial Results on …” with publication date: January 18, 2018.

Arista Networks, Inc. supplies cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company has market cap of $19.97 billion. The company??s cloud networking solutions consist of its Extensible Operating System and a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products. It has a 56.12 P/E ratio. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.