|Bid||254.98 x 900|
|Ask||255.29 x 900|
|Day's Range||249.00 - 257.97|
|52 Week Range||187.08 - 331.27|
|Beta (3Y Monthly)||1.95|
|PE Ratio (TTM)||53.77|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]
Arista Networks (ANET) stock is trading at a forward PE multiple of 22.2x. This multiple doesn't seem expensive considering that Arista stock has fallen close to 25.0% in the last two and a half months and considering its expected earnings growth rate going forward.
Arista Networks (ANET) expects its total available market to reach $30 billion by 2023, up from $16 billion in 2018. The cloud networking market will continue to expand, and ANET expects to gain market share in the switching category.
Arista Networks (ANET) closed at $242.06 in the latest trading session, marking a +1.45% move from the prior day.
In the first quarter of 2019, Arista's sales slowed for the third consecutive quarter. We can see why investors were concerned, which drove its stock down. But is this really a cause for concern? Though the company's sales are slowing, they're still expected to grow ~20.0% annually in the next three years.
Arista Networks (ANET) stock fell 21.7% in May 2019. In the first three months of this year, the stock rose an impressive 51.0%. At that point, Arista had to justify its spectacular bull run to support its price rise. Sadly, it failed to do so.
Shares of hardware networking company Arista Networks have lost almost a quarter of their value since April 2019. Despite the recent pullback, Arista stock has gained over 12.0% since the start of 2019. The stock has created significant investor wealth over the years.
Arista Networks Inc NYSE:ANETView full report here! Summary * ETFs holding this stock are seeing positive inflows * 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 | PositiveETF activity is positive. Over the last month, ETFs holding ANET are favorable, with net inflows of $10.15 billion. Additionally, the rate of inflows 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.
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.
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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