Media coverage about Arista Networks (NYSE:ANET) has trended positive recently, AlphaOne Sentiment reports. AlphaOne, a service of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Arista Networks earned a news impact score of 0.37 on AlphaOne’s scale. AlphaOne also assigned press coverage about the company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted AlphaOne’s scoring:
- Gabelli Reiterates Buy Rating for Arista Networks Inc (ANET) (americanbankingnews.com)
- Louisiana-Pacific (LPX) Got Lower Vertical Research Rating, Arista Networks (ANET) Had 12 Analysts Last Week – NormanObserver.com (normanobserver.com)
- Is now the time to buyArista Networks, Inc. (NYSE:ANET):? Analysts Weighing in – The Herald (hiramherald.com)
- Arista Networks (ANET) Discloses Receipt of Letter from U.S. CPB Allowing Redesigned EOS Products to be Imported – StreetInsider.com (streetinsider.com)
- Brokerages Expect Arista Networks Inc (ANET) Will Announce Earnings of $0.70 Per Share (americanbankingnews.com)
Several brokerages have recently commented on ANET. Nomura restated a “neutral” rating on shares of Arista Networks in a report on Friday, April 7th. They noted that the move was a valuation call. Instinet cut Arista Networks from a “buy” rating to a “neutral” rating and increased their target price for the stock from $134.40 to $135.00 in a report on Friday, April 7th. Wells Fargo & Co restated an “outperform” rating on shares of Arista Networks in a report on Thursday, April 6th. Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Arista Networks in a report on Thursday, April 6th. Finally, Gabelli restated a “buy” rating on shares of Arista Networks in a report on Sunday, April 2nd. Twelve investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $119.68.
Shares of Arista Networks (NYSE:ANET) opened at 131.36 on Friday. The stock’s 50 day moving average price is $127.71 and its 200-day moving average price is $101.48. Arista Networks has a 52-week low of $60.51 and a 52-week high of $135.27. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 52.54 and a beta of 1.15.
Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Thursday, February 16th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.22. Arista Networks had a return on equity of 20.69% and a net margin of 16.15%. The company had revenue of $328 million for the quarter, compared to analyst estimates of $315.40 million. During the same quarter last year, the company posted $0.80 EPS. The company’s revenue for the quarter was up 33.6% compared to the same quarter last year. On average, analysts forecast that Arista Networks will post $3.77 EPS for the current year.
In other news, VP Mark Stephen Smith sold 5,000 shares of Arista Networks stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $89.89, for a total value of $449,450.00. Following the transaction, the vice president now owns 1,620 shares in the company, valued at approximately $145,621.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anshul Sadana sold 21,000 shares of Arista Networks stock in a transaction on Monday, March 20th. The shares were sold at an average price of $130.00, for a total value of $2,730,000.00. Following the completion of the transaction, the insider now owns 103,524 shares in the company, valued at approximately $13,458,120. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,000 shares of company stock worth $3,683,050. Corporate insiders own 32.39% of the company’s stock.
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About Arista Networks
Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.
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