News headlines about Arista Networks (NYSE:ANET) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Arista Networks earned a news impact score of 0.07 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 44.822066840064 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
A number of research analysts have commented on ANET shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $217.00 price objective (up from $175.00) on shares of Arista Networks in a report on Friday, November 3rd. They noted that the move was a valuation call. DA Davidson raised Arista Networks from a “neutral” rating to a “buy” rating and set a $224.00 price objective on the stock in a report on Friday, November 3rd. Citigroup reissued a “buy” rating and set a $215.00 target price on shares of Arista Networks in a report on Wednesday, September 27th. Berenberg Bank initiated coverage on Arista Networks in a report on Tuesday, September 26th. They set a “buy” rating and a $225.00 target price on the stock. Finally, BidaskClub upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Fourteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $205.66.
Arista Networks (ANET) traded up $8.33 on Thursday, hitting $260.79. The stock had a trading volume of 1,080,000 shares, compared to its average volume of 810,101. Arista Networks has a 1 year low of $87.33 and a 1 year high of $261.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.66 and a quick ratio of 3.07. The stock has a market cap of $19,060.00, a PE ratio of 54.11, a P/E/G ratio of 1.81 and a beta of 1.38.
In other Arista Networks news, SVP Marc Taxay sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $211.39, for a total transaction of $1,479,730.00. Following the completion of the transaction, the senior vice president now owns 16,002 shares of the company’s stock, valued at approximately $3,382,662.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kenneth Duda sold 127,576 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $235.15, for a total value of $29,999,496.40. The disclosure for this sale can be found here. Insiders sold a total of 606,126 shares of company stock valued at $138,901,364 over the last quarter. Company insiders own 28.09% 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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