Arista Networks ANET Stock Price, Company Overview & News

CRM’s sustained focus on introducing more aligned products as per customer needs is driving its top-line. However, as developed regions mature, Meta Platforms has taken measures to drive penetration in emerging markets of South East Asia, Latin America and Africa. Of all places, India deserves a-special mention in terms of user growth. The world’s second-largest populated country offers tremendous potential for META. With China off the radar, India can prove to be a terrific growth engine for Meta.

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Stock Quote

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.

Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios. The company has been anticipating such a move for a few months now, with the expectations being that it could potentially add up about $2-$3 billion of additional sales in the future. Arista Networks saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 3,260,000 shares, a drop of 7.4% from the March 31st total of 3,520,000 shares.

This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 . This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies. The company’s average rating score is 2.75, and is based on 15 buy ratings, 5 hold ratings, and no sell ratings. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. By Scott Kanowsky Investing.com — U.S. stock futures were mixed on Monday, as investors gauged the potential for further interest rate hikes ahead of the release of key inflation data out… Provide specific products and services to you, such as portfolio management or data aggregation.

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Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. Arista Networks has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock. According to analysts’ consensus price target of $178.45, Arista Networks has a forecasted upside of 11.4% from its current price of $160.16. Giverny Capital Asset Management, LLC, an investment management company, recently published its first-quarter 2023 investor letter.

20 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Arista Networks in the last year. There are currently 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “buy” ANET shares. Salesforce.com has an expected revenue and earnings growth rate of 10.4% and 35.7%, respectively, for the current year . The Zacks Consensus Estimate for current-year earnings has improved 35.4% over the last 30 days.

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The company should announce results for the first quarter 2023 on May 1. Nothing indicated that any weakness is around the corner, therefore I won’t be surprised if management will be able to beat the guidance. I argue however that these are exactly the times when investors should be wary of exuberant valuations. I personally cut my position and updated my rating from Buy to Hold. Recent stocks from this report have soared up to +178.7% in 3 months – this month’s picks could be even better.

Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Cadence Design Systems has an expected revenue and earnings growth rate of 13.4% and 16.4%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 8.3% over the last 60 days.

• The technology sector is back in form after suffering a massive blow last year.
• The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
• As for wannabe owners of this fantastic company, my suggestion is to remain on the sideline until ANET stumbles on a recessionary environment or simply a pause of the investment cycle.

Growing active https://1investing.in/ings in Latin America, North America and EMEA are contributing well to the top line. Growing sales and marketing initiatives along with continuous efforts to upgrade various aspects of the Airbnb service are helping the company gain momentum among hosts and guests. However, the key to the technology sector will be the interest rate. The Fed has already said that it is approaching the end of the current rate hike cycle. The terminal interest rate is projected at 5.125%, indicating just one 25 basis -points rate hike.

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Arista Networks, Inc. is a supplier of cloud networking solutions that use software to address the needs of Internet companies, cloud service providers and enterprises. The Company cloud networking solutions consist of its Extensible Operating System , a set of network applications and its Gigabit Ethernet switching and routing platforms. Its cognitive single-tier Spline campus network extends EOS across the data center and campus wired and wireless workspace. The Company sells its products through both its direct sales force and its channel partners. Moreover, as a long time shareholder I cannot stress enough that despite amazing performance overall ANET is no stranger to sudden and prolonged periods of subdued growth.

The reason being that the company is operating in a cyclical environment and is heavily exposed to the IT spending of the cloud hyperscalers. During 2019 the company surprised investors by announcing that one unnamed tech titan was pausing investments into upgrading their data centre. Despite management reiterating that the pause was only temporary, it directly led ANET to post several disappointing quarters in a row of even negative revenue growth. Once the spending resumed, however as the investment cycle restarted, Arista Networks’ journey upward met basically no resistance and the stock is now trading around all-time highs.

Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of ANET stock can currently be purchased for approximately $160.16. 290 employees have rated Arista Networks Chief Executive Officer Jayshree Ullal on Glassdoor.com. Jayshree Ullal has an approval rating of 88% among the company’s employees. Sign-up to receive the latest news and ratings for Arista Networks and its competitors with MarketBeat’s FREE daily newsletter.

The model portfolio of the firm appreciated 6.06%, net of fees in the first quarter compared to a 7.50% return for the Standard & Poor’s 500 Index. For the year ended March 31, 2023, the portfolio returned -10.62% compared to -7.73% for the benchmark, net of fees. In addition, please check the fund’s top five holdings to know its best picks in 2023. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes.

Monitor the latest movements within the Arista Networks real time stock price chart below. You can find more details by visiting the additional pages to view historical data, charts, latest news, analysis or visit the forum to view opinions on the ANET quote. Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers.

• The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last seven days.
• META is considered to have pioneered the concept of social networking.
• Since my previous article covering the stock published just 7 months ago the share price jumped up 43%, a staggering move for a company that was already trading at a premium valuation at the time.
• As of April 15th, there was short interest totaling 3,260,000 shares, a drop of 7.4% from the March 31st total of 3,520,000 shares.

That said, the volume pattern @ the far right of the chart doesn’t look optimal. Not sure what i’ll do yet but here it is. $free power of attorney form been on my list for few weeks now. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

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It is well-poised for growth in the data-driven cloud networking business, with proactive platforms and predictive operations. ANET introduced an enterprise-grade Software-as-a-Service offering for its flagship CloudVision platform. On the other hand, as the central bank reduced the magnitude of interest rate hikes following a sharp decline in the inflation rate from its peak in June 2022. Although inflation is still elevated, a series of weak economic data for the last two months clearly indicated that Fed’s rate hike started delivering desired results. Intraday Data provided by FACTSET and subject to terms of use.

It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.

Sign Up NowGet this delivered to your inbox, and more info about our products and services. By Oliver Gray Investing.com – U.S. stock futures were trading in a tight range during Monday’s evening deals, after major indices finished the regular session higher as market… By Senad Karaahmetovic Piper Sandler analysts believe generative AI is the next technology revolution that could have “far-reaching implications across both consumer and enterprise…

Article I will show how Wall Street is very bullish on the stock, but also the reason why I am nervous about a potential deceleration of revenue growth that could lead the stock price to crash. Cadence’s performance is being driven by strength across segments like digital & signoff solutions and functional verification suite. CDNS is also gaining from higher investments in emerging trends like IoT and autonomous vehicle sub-systems along with strength in the semiconductor end-market.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Please log in to your account or sign up in order to add this asset to your watchlist. Earnings for Arista Networks are expected to grow by 10.87% in the coming year, from $5.15 to $5.71 per share. A high percentage of insider ownership can be a sign of company health.