Arista Networks Inc (NYSE:ANET) insider John F. Mccool sold 250 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $265.00, for a total value of $66,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
NYSE ANET traded up $5.63 during trading hours on Tuesday, hitting $269.58. 1,910,454 shares of the company’s stock were exchanged, compared to its average volume of 917,196. Arista Networks Inc has a 12-month low of $187.08 and a 12-month high of $313.37. The company has a market capitalization of $19.91 billion, a PE ratio of 57.97, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40. The company has a current ratio of 4.51, a quick ratio of 4.11 and a debt-to-equity ratio of 0.02.
Arista Networks (NYSE:ANET) last released its earnings results on Thursday, February 14th. The technology company reported $2.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.45. Arista Networks had a return on equity of 29.06% and a net margin of 28.05%. The firm had revenue of $595.70 million for the quarter, compared to the consensus estimate of $591.41 million. During the same period in the prior year, the business posted $1.71 earnings per share. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. Equities analysts predict that Arista Networks Inc will post 6.84 EPS for the current year.
ANET has been the topic of a number of recent research reports. ValuEngine lowered Arista Networks from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Morgan Stanley raised Arista Networks from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $290.00 to $250.00 in a report on Monday, January 7th. Nomura raised Arista Networks from a “neutral” rating to a “buy” rating and set a $260.00 target price on the stock in a report on Friday, January 18th. Bank of America raised Arista Networks from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Thursday, December 6th. Finally, BMO Capital Markets boosted their target price on Arista Networks from $279.00 to $296.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned 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 an average target price of $294.06.
ILLEGAL ACTIVITY WARNING: This news story was originally published by Markets Daily and is owned by of Markets Daily. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.themarketsdaily.com/2019/02/20/john-f-mccool-sells-250-shares-of-arista-networks-inc-anet-stock.html.
About Arista Networks
Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.
Further Reading: How to Invest in the Dividend Aristocrat Index
Receive News & Ratings for Arista Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks and related companies with MarketBeat.com's FREE daily email newsletter.