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Last Price: 306.55 - Change: 5.13 - Change %: 1.7019
05/24/2024 16:10:00 EST

Arista Networks (ANET)

Industry: Computer Hardware

Price Support Resistance

In the past 20 trading days, ANET has been trading in a range between $326.03 and $255.21 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

ANET is trading below resistance at $326.03, about 6% to the upside. There is support at $277.73 -9% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Arista Networks $ANET entered a Green zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $200.56, a potential down side of -33.46% from the recent price of 301.42. The stock is trading 9.16% (potential upside) below its 52 week high of $329.04 and 103.22 % (potential downside) above its 52 week low of $148.32 - based on the recent price.

Company Summary

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.

ANET Website

News

3 Big Winners from Earnings Season
Nvidia (NVDA), Arista Networks (ANET), and Crocs (CROX) all positively surprised investors this earnings season.
Source: Zacks Investment Research
Fri, 24 May 2024 17:01:06 -0400
Sentiment: Positive
Bears are Losing Control Over Arista Networks (ANET), Here's Why It's a 'Buy' Now
Arista Networks (ANET) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Source: Zacks Investment Research
Fri, 24 May 2024 10:56:11 -0400
Sentiment: Negative
Here is What to Know Beyond Why Arista Networks, Inc. (ANET) is a Trending Stock
Zacks.com users have recently been watching Arista Networks (ANET) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Source: Zacks Investment Research
Fri, 24 May 2024 10:01:20 -0400
Sentiment: Positive
Nvidia's Rosy Outlook On Data Center Networking Chips Pressures Arista
Shares in Arista Networks fell amid rosy commentary by Nvidia management on its networking business on the chipmaker's Q1 earnings call.
Source: Investors Business Daily
Thu, 23 May 2024 12:36:15 -0400
Sentiment: Negative
If You'd Invested $200 in Arista Networks Stock 5 Years Ago, Here's How Much You'd Have Today
Cloud computing company Arista Networks is seeing its sales skyrocket.
Source: The Motley Fool
Wed, 22 May 2024 05:10:00 -0400
Sentiment: Positive
Instituions Institution %: 69.729
Last QTR Institution change: 6814373

Insiders
Insiders %: 18.252
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 189282
Insiders Net last QTR: -189282

Analyst Ratings
Target Price: 200.56
Overall Rating: 4.1482
Strong Buys (5): 13
Buys (4): 7
Holds (3): 6
Sells (2): 0
Strong Sells (1): 1

Technicals
52 Week Hi: 329.0353
52 Week Low: 148.3186
Beta: 1.135
50 Day MA: 287.0652
200 Day MA: 238.8846

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.442
Qtr Revenue Growth YOY: 0.163
Forward PE: 36.2319
Trailing PE: 42.5764

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