|Bid||233.07 x 800|
|Ask||236.50 x 900|
|Day's Range||232.30 - 241.50|
|52 Week Range||187.08 - 331.27|
|Beta (3Y Monthly)||1.95|
|PE Ratio (TTM)||49.72|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||310.68|
The company that builds custom systems for the titans of the internet knows more than almost anyone what's needed to grow and scale in a cloud-first world.
Arista Networks Inc NYSE:ANETView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for ANET with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold ANET had net inflows of $5.61 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Cisco Systems Inc. shares are down 1.9% in premarket trading Wednesday after William Blair analyst Jason Ader cut his rating on the stock to market perform from outperform. Ader sees "signs of tightening demand across the IT infrastructure universe, which could pressure growth in Cisco's fiscal 2020, especially when compared against unusually strong demand in fiscal 2019." He also expects that software will account for a lower portion of overall revenue than it initially seems, if investors exclude hardware-integrated software. Ader cites "long-term threats from Arista's entry into the campus market" as another reason for his caution. Cisco shares have risen 32% so far this year, as the Dow Jones Industrial Average has increased 12%.
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shares were down 4.25% to $248.26 in trading Friday after analysts at Morgan Stanley lowered the stock's price target to $275 from $300 following the company's analyst day. The firm maintained its equal-weight rating on the stock after management gave analysts a sneak peak at its new line of cloud-based products. "We believe the setting of expectations will improve stock positioning and set up a return to strong appreciation as the company delivers on its objectives, particularly if cloud capex regains momentum," analyst James Faucette wrote.
Arista Networks Inc. shares are down more than 4% in midday trading Friday, a day after the company held an analyst day. Piper Jaffray analyst James Fish wrote that while he found the event "thoughtful and upbeat," he expected shares to fall afterwards "given the lack of hyperscaler order commentary and the lowering of revenue growth expectations." Wells Fargo's Aaron Rakers said that he expected the conference to be viewed as "a bit underwhelming," in part because the company didn't lay out "a full campus push." Others were more cheerful, including Needham's Alex Henderson, who wrote that Arista's analyst day "should dispel any doubts investors have about the sustainability of its differentiation." Arista shares have gained 17% so far this year, as the S&P 500 has risen 15%.
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With Extensible Operating System and CloudVision, Arista's (ANET) Cognitive Cloud Networking platform brings operational efficiency and modern cloud principles to the enterprise campus.
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Arista Networks (ANET) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Arista (ANET) intends to sustain healthy revenue growth and cash generation in 2019 and beyond on the back of industry-leading product offerings.
The May 13 Sell-Off Pummeled Tech Stocks(Continued from Prior Part)Arista’s returnsShares of hardware networking company Arista Networks (ANET) fell 7.7% on May 13 to close trading at $243.90. We identified Arista stock as overvalued last month,