Arista Networks Inc (NYSE:ANET) shares, rose in value, with the stock price up by 4.70% to the previous day’s close as strong demand from buyers drove the stock to $111.90.
Actively observing the price movement in the recent trading, the stock is buoying the session at $106.88, falling within a range of $110.305 and $112.45. The value of beta (5-year monthly) is 1.077 whereas the PE ratio is 53.72 over 12-month period. Referring to stock’s 52-week performance, its high was $110.74, and the low was $56.65. On the whole, ANET has fluctuated by 13.27% over the past month.
With the market capitalization of Arista Networks Inc currently standing at about $140.97 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ANET’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.98, with the price of ANET currently trading nearly 9.37% and 10.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.95, while the 7-day volatility ratio is showing 3.95% which for the 30-day chart, stands at 3.32%. Furthermore, Arista Networks Inc (ANET)’s beta value is 1.10, and its average true range (ATR) is 3.74.
A comparison of Arista Networks Inc (ANET) with its peers suggests the former has fared considerably weaker in the market. ANET showed an intraday change of 4.70% in today’s session so far, and over the past year, it grew by 94.99%%.
Data on historical trading for Arista Networks Inc (NYSE:ANET) indicates that the trading volumes over the past 10 days have averaged 6.11 and over the past 3 months, they’ve averaged 7.31 million. According to company’s latest data on outstanding shares, there are 1.26 billion shares outstanding.
Nearly 18.05% of Arista Networks Inc’s shares belong to company insiders and institutional investors own 68.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.16 million shares as on 2024-11-29, resulting in a short ratio of 1.16. According to the data, the short interest in Arista Networks Inc (ANET) stood at 108.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 10.87 million. The stock has risen by 90.06% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ANET stock heading into the next quarter.
