Arista Networks Inc (NYSE:ANET) price on Thursday, August 01, rose 2.92% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $356.67.
A look at the stock’s price movement, the level at last check in today’s session was $346.55. The PE ratio in trailing twelve months stood at 46.23. Turning to its 52-week performance, $376.50 and $168.25 were the 52-week high and 52-week low respectively. Overall, ANET moved -0.10% over the past month.
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Arista Networks Inc’s market cap currently stands at around $111.77 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ANET is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 2.38, with ANET’s current price about 3.40% and 8.08% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.64, while 7-day volatility ratio is 4.30% and 3.28% in the 30-day chart. Further, Arista Networks Inc (ANET) has a beta value of 1.11, and an average true range (ATR) of 13.92.
If we refocus on Arista Networks Inc (NYSE:ANET), historical trading data shows that trading volumes averaged 2.51 million over the past 3 months. The company’s latest data on shares outstanding shows there are 312.25 million shares.
The 18.17% of Arista Networks Inc’s shares are in the hands of company insiders while institutional holders own 70.67% of the company’s shares. Current price change has pushed the stock 51.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ANET stock continues to rise going into the next quarter.
