27-Mar-2024
Computer hardware is the top Q1 industry performer but is shunned by benchmark indices
Seeking Alpha News (Wed, 27-Mar 11:45 AM ET)
Arista founder settles with SEC for $1M over insider trading charges
Seeking Alpha News (Tue, 26-Mar 10:43 AM ET)
Experience the Unmatched Versatility of Ethernet in Ethernet Alliance's 2024 OFC Demo
Business Wire (Tue, 12-Mar 9:05 AM ET)
Arista Introduces Universal Network Observability
Business Wire (Tue, 5-Mar 9:00 AM ET)
How This ANET Iron Condor Can Net 45% in 6 Days
Market Chameleon (Wed, 14-Feb 11:30 AM ET)
How This ANET Iron Condor Can Net 62% in 7 Days
Market Chameleon (Tue, 13-Feb 10:12 AM ET)
Arista Networks, Inc. Reports Fourth Quarter and Year End 2023 Financial Results
Business Wire (Mon, 12-Feb 4:05 PM ET)
ANET Markets are Pricing a Large Earnings Move
Market Chameleon (Mon, 12-Feb 11:26 AM ET)
Arista Networks to Announce Q4 2023 Financial Results on Monday, February 12th 2024
Business Wire (Mon, 15-Jan 4:00 PM ET)
Arista Networks Inc is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.
Arista Networks trades on the NYSE stock market under the symbol ANET.
As of March 27, 2024, ANET stock price declined to $288.41 with 3,102,654 million shares trading.
ANET has a beta of 1.54, meaning it tends to be more sensitive to market movements. ANET has a correlation of 0.15 to the broad based SPY ETF.
ANET has a market cap of $90.17 billion. This is considered a Large Cap stock.
Last quarter Arista Networks reported $2 billion in Revenue and $2.08 earnings per share. This beat revenue expectation by $10 million and exceeded earnings estimates by $.38.
In the last 3 years, ANET stock traded as high as $307.74 and as low as $74.30.
The top ETF exchange traded funds that ANET belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.
ANET has outperformed the market in the last year with a price return of +71.7% while the SPY ETF gained +33.6%. ANET has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +21.3% and +2.7%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
ANET support price is $290.57 and resistance is $305.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ANET stock will trade within this expected range on the day.