Equities research analysts expect Arista Networks Inc (NYSE:ANET) to post earnings of $2.13 per share for the current quarter, according to Zacks. Nine analysts have made estimates for Arista Networks’ earnings, with estimates ranging from $1.99 to $2.69. Arista Networks posted earnings of $2.25 per share in the same quarter last year, which would indicate a negative year over year growth rate of 5.3%. The business is expected to report its next earnings report on Thursday, February 13th.

According to Zacks, analysts expect that Arista Networks will report full year earnings of $9.54 per share for the current fiscal year, with EPS estimates ranging from $9.44 to $9.61. For the next year, analysts expect that the firm will report earnings of $8.98 per share, with EPS estimates ranging from $7.84 to $9.80. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Arista Networks.

Arista Networks (NYSE:ANET) last announced its earnings results on Thursday, October 31st. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.50. Arista Networks had a net margin of 32.68% and a return on equity of 28.94%. The company had revenue of $654.40 million during the quarter, compared to analysts’ expectations of $653.26 million. During the same quarter in the previous year, the business posted $2.11 earnings per share. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year.

A number of equities research analysts have issued reports on the stock. Wells Fargo & Co reissued a “market perform” rating and set a $205.00 target price (down previously from $270.00) on shares of Arista Networks in a research note on Friday, November 1st. Stifel Nicolaus downgraded shares of Arista Networks from a “buy” rating to a “hold” rating and dropped their price target for the stock from $287.00 to $193.00 in a research note on Friday, November 1st. Oppenheimer downgraded shares of Arista Networks from an “outperform” rating to a “market perform” rating in a research note on Friday, November 1st. Bank of America lowered Arista Networks from a “buy” rating to a “neutral” rating in a report on Friday, November 1st. Finally, Piper Jaffray Companies lowered their target price on Arista Networks from $272.00 to $213.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $227.72.

Arista Networks stock opened at $190.21 on Monday. Arista Networks has a twelve month low of $173.31 and a twelve month high of $331.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.47 and a current ratio of 5.91. The firm has a market cap of $14.53 billion, a PE ratio of 26.90, a P/E/G ratio of 1.46 and a beta of 1.54. The firm’s 50 day moving average price is $207.85 and its two-hundred day moving average price is $236.66.

In related news, SVP Marc Taxay sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $236.93, for a total value of $473,860.00. Following the transaction, the senior vice president now directly owns 12,312 shares of the company’s stock, valued at approximately $2,917,082.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann Mather sold 329 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $194.00, for a total value of $63,826.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,953 shares of company stock valued at $8,969,019. 23.83% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Strategic Blueprint LLC acquired a new position in shares of Arista Networks during the third quarter worth approximately $35,000. Meeder Asset Management Inc. raised its holdings in Arista Networks by 1,281.8% during the third quarter. Meeder Asset Management Inc. now owns 152 shares of the technology company’s stock worth $36,000 after acquiring an additional 141 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Arista Networks during the second quarter worth about $41,000. Coastal Investment Advisors Inc. boosted its position in Arista Networks by 311.1% during the second quarter. Coastal Investment Advisors Inc. now owns 185 shares of the technology company’s stock valued at $48,000 after purchasing an additional 140 shares during the last quarter. Finally, Rational Advisors LLC acquired a new position in Arista Networks during the second quarter valued at approximately $52,000. Institutional investors own 59.72% of the company’s stock.

Arista Networks Company Profile

Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

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