Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Arista Networks (ANET) Stock Price

Press coverage about Arista Networks (NYSE:ANET) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Arista Networks earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 44.6443046836022 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

Arista Networks (NYSE ANET) traded down $1.76 during midday trading on Friday, reaching $259.03. 824,210 shares of the company were exchanged, compared to its average volume of 828,254. The company has a market capitalization of $18,940.00, a PE ratio of 53.74, a P/E/G ratio of 1.81 and a beta of 1.38. Arista Networks has a twelve month low of $87.33 and a twelve month high of $262.84. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.07 and a current ratio of 3.66.

A number of brokerages have recently commented on ANET. UBS Group upped their price objective on shares of Arista Networks from $165.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Morgan Stanley upped their price objective on shares of Arista Networks from $210.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, December 21st. BidaskClub raised shares of Arista Networks from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 31st. DA Davidson raised shares of Arista Networks from a “neutral” rating to a “buy” rating and set a $224.00 price objective for the company in a research report on Friday, November 3rd. Finally, Wells Fargo & Co began coverage on shares of Arista Networks in a research report on Tuesday, November 14th. They set a “market perform” rating and a $235.00 price objective for the company. Fourteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $205.66.

In other Arista Networks news, SVP Kenneth Duda sold 127,576 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $235.15, for a total transaction of $29,999,496.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Marc Taxay sold 2,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $235.58, for a total transaction of $471,160.00. Following the sale, the senior vice president now directly owns 13,460 shares in the company, valued at $3,170,906.80. The disclosure for this sale can be found here. In the last three months, insiders sold 606,126 shares of company stock worth $138,901,364. 28.09% of the stock is currently owned by insiders.

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Arista Networks Company Profile

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.

Insider Buying and Selling by Quarter for Arista Networks (NYSE:ANET)

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