Arista Networks (ANET) Receiving Somewhat Favorable News Coverage, Study Shows

Media coverage about Arista Networks (NYSE:ANET) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Arista Networks earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage 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 company’s share price in the near term.

Here are some of the media headlines that may have effected Accern’s rankings:

Arista Networks (ANET) traded up $5.65 on Friday, hitting $270.84. The stock had a trading volume of 681,707 shares, compared to its average volume of 745,453. The company has a market cap of $19,800.00, a price-to-earnings ratio of 56.19, a PEG ratio of 2.01 and a beta of 1.38. The company has a current ratio of 3.66, a quick ratio of 3.07 and a debt-to-equity ratio of 0.03. Arista Networks has a 1-year low of $87.54 and a 1-year high of $271.87.

Arista Networks (NYSE:ANET) last issued its earnings results on Thursday, November 2nd. The technology company reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.33. Arista Networks had a return on equity of 24.76% and a net margin of 25.10%. equities research analysts expect that Arista Networks will post 4.63 EPS for the current fiscal year.

A number of research analysts have commented on ANET shares. JMP Securities increased their target price on Arista Networks from $185.00 to $230.00 and gave the stock a “market perform” rating in a report on Thursday, October 26th. Deutsche Bank reissued a “buy” rating and issued a $210.00 price target (up previously from $185.00) on shares of Arista Networks in a report on Monday, October 9th. BMO Capital Markets raised their price target on Arista Networks from $190.00 to $205.00 and gave the stock a “market perform” rating in a report on Friday, November 3rd. They noted that the move was a valuation call. BidaskClub raised Arista Networks from a “hold” rating to a “buy” rating in a report on Saturday, September 23rd. Finally, Royal Bank of Canada raised Arista Networks from a “sector perform” rating to an “outperform” rating in a report on Wednesday, November 8th. Fourteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $205.66.

In other Arista Networks news, SVP Marc Taxay sold 7,000 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 16,002 shares in the company, valued at $3,382,662.78. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jayshree Ullal sold 81,380 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $211.89, for a total value of $17,243,608.20. Following the transaction, the insider now owns 3,564 shares in the company, valued at $755,175.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 618,126 shares of company stock valued at $142,771,964. 28.09% of the stock is currently owned by insiders.

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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.

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

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