Economy

What's Ahead for Arista Networks Inc (ANET) After Achieving 52-Week High?

"(ANET) Stock Continue to Grow Earnings" on June 14, 2017, also Investorplace.com with their article: "Arista Networks Inc (ANET) Stock Is the Shape of Clouds to Come" published on June 22, 2017, Businesswire.com published: "Bay Area News Group Names Arista Networks a victor of the Bay Area 2017 Top ..." on June 26, 2017. BlackRock Inc. increased its stake in shares of Arista Networks by 34,238.9% in the first quarter. Also, SVP Marc Taxay sold 2,000 shares of Arista Networks stock in a transaction on Monday, April 3rd. The shares were sold on June 9th for a price of $157.65. On Wednesday, December 7 the stock rating was maintained by Barclays Capital with "Overweight". These ratios are Earnings Yield, ROIC, Price to Book, and 5 year average ROIC.

On Monday, May 15th, Jayshree Ullal sold 63,928 shares of Arista Networks stock.

In other news, insider Jayshree Ullal sold 140,696 shares of the firm's stock in a transaction dated Thursday, May 11th.

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Arista Networks, Inc., launched on December 2, 2011, 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. (ANET) opened at 161.62 on Friday. The firm's 50-day moving average is $147.93 and its 200-day moving average is $121.75. The 6 months bullish chart indicates low risk for the $11.75 billion company. (NYSE:ANET) recently. Jayshree Ullal, President and CEO sold $12,678,134 worth of shares at a price of $158.35 on Thursday the 22nd. After $0.77 actual earnings per share reported by AptarGroup, Inc. for the previous quarter, Wall Street now forecasts 24.68% EPS growth. Arista Networks had a return on equity of 20.94% and a net margin of 18.95%. The institutional investor held 1.81M shares of the steel and iron ore company at the end of 2016Q4, valued at $43.75M, up from 1.28 million at the end of the previous reported quarter. Arista Networks's revenue was up 38.5% on a year-over-year basis. On average, equities analysts expect that Arista Networks will post $3.95 earnings per share for the current fiscal year. If you are reading this news story on another domain, it was illegally copied and republished in violation of US & global trademark and copyright law. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of USA and worldwide copyright and trademark law. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price.

05/05/2017 - Arista Networks Inc had its "outperform" rating reiterated by analysts at FBN Securities. First Personal Financial Services now owns 1,984 shares of the technology company's stock worth $262,000 after buying an additional 63 shares during the last quarter. Morgan Stanley now owns 8,106 shares worth $1,072,000. Profund Advisors LLC boosted its position in shares of Arista Networks by 1.7% in the first quarter. Janus Capital Management LLC now owns 16,589 shares of the technology company's stock worth $1,606,000 after buying an additional 11,138 shares during the period. First Republic Investment Management Inc. increased its stake in Arista Networks by 4.3% in the fourth quarter. On November 22 Pacific Crest left the company rating at "Overweight" and raised the price target from $97.00 to $100.00. Insiders sold a total of 483,966 shares of company stock worth $72,156,126 over the last 90 days. Ullal now owns $443,744,363 of stock as recorded in a recent Form 4 SEC filing.

ANET has been the subject of several other reports. Arista Networks, Inc. (NYSE:ANET) presently has a 10 month price index of 2.08461. Jefferies has "Hold" rating and $10 target. Cowen and Company restated an outperform rating and set a $123.00 price objective on shares of Arista Networks in a research report on Tuesday, March 14th. CIBC began coverage on shares of Arista Networks in a research note on Monday, June 5th. The company has a consensus rating of Buy and an average price target of $137.26. Fifteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Oppenheimer maintained it with "Buy" rating and $160 target in Friday, May 5 report. (ANET) Stock Continue to Grow Earnings" published on June 14, 2017 as well as Investorplace.com's news article titled: "Arista Networks Inc (ANET) Stock Is the Shape of Clouds to Come" with publication date: "June 22, 2017. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.

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