Arista Networks Inc Draws Bearish Options Activity Today

 Arista Networks Inc Draws Bearish Options Activity Today

In today’s session Arista Networks Inc (ANET) recorded an unusually high (262) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious ANET decrease. With 262 contracts traded and 3764 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: ANET161118P00080000 closed last at: $3.2 or 25.5% up. About 444,531 shares traded hands. Arista Networks Inc (NYSE:ANET) has risen 33.04% since April 5, 2016 and is uptrending. It has outperformed by 31.08% the S&P500.

Arista Networks Inc (NYSE:ANET) Ratings Coverage

Out of 19 analysts covering Arista Networks (NYSE:ANET), 10 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 53% are positive. Arista Networks has been the topic of 29 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, August 31 by RBC Capital Markets. The firm earned “Sector Perform” rating on Friday, May 6 by RBC Capital Markets. Argus Research initiated the stock with “Buy” rating in Tuesday, October 25 report. Deutsche Bank maintained it with “Buy” rating and $90 target price in Friday, November 6 report. The firm earned “Neutral” rating on Tuesday, August 4 by Macquarie Research. Bank of America downgraded the stock to “Underperform” rating in Monday, June 27 report. Citigroup initiated the shares of ANET in a report on Wednesday, January 27 with “Buy” rating. The stock has “Neutral” rating given by Buckingham Research on Wednesday, September 16. The firm has “Buy” rating given on Monday, October 31 by Needham. Deutsche Bank maintained it with “Buy” rating and $85 target price in Wednesday, September 14 report.

According to Zacks Investment Research, “Arista Networks, Inc. is engaged in providing cloud networking solutions for datacentre and cloud computing environments. It offers ethernet switches, pass-through cards, transceivers, cards, and enhanced operating systems, host adapter solutions and networking services. The Company serves a range of industries, including Internet companies, service providers, financial services organizations, government agencies, and media and entertainment companies. Arista Networks, Inc. is headquartered in Santa Clara, California.”

Arista Networks, Inc. is a supplier of cloud networking solutions that address the needs of Internet companies, cloud service providers and next-generation data centers for enterprises. The company has a market cap of $5.80 billion. The Company’s cloud networking solutions consist of its Extensible Operating System , which is a set of network applications and its 10/25/40/50/100 Gigabit Ethernet switches. It has a 42.34 P/E ratio. EOS is purpose-built to be programmable and modular.

ANET Company Profile

Arista Networks, Inc., incorporated on December 2, 2011, is a supplier of cloud networking solutions that address the needs of Internet companies, cloud service providers and next-generation data centers for enterprises. The Company’s cloud networking solutions consist of its Extensible Operating System (EOS), which is a set of network applications and its 10/25/40/50/100 Gigabit Ethernet switches. At the core of its cloud networking platform is EOS, which is purpose-built to be programmable and modular. The programmability of EOS allows it to create a set of software applications that address the requirements of cloud networking, including workflow automation, network visibility and analytics, and allows it to integrate with a range of third-party applications for virtualization, management, automation, orchestration and network services. EOS supports cloud and virtualization solutions, including VMware NSX, Microsoft System Center, OpenStack and other cloud management frameworks. The Firm offers a product line of data center 10/25/40/50/100 Gigabit Ethernet switches comprising its 7050X Series, 7060X Series, 7150 Series, 7260 Series, 7280 leaf switches, 7300X Series Spline switches and its 7500E Series spine switches.

More notable recent Arista Networks Inc (NYSE:ANET) news were published by: Businesswire.com which released: “Arista Networks, Inc. Reports Third Quarter 2016 Financial Results” on November 03, 2016, also Fool.com with their article: “Why Arista Networks Inc. Stock Plunged Today” published on March 14, 2016, Reuters.com published: “BRIEF-Arista Networks Inc reports earnings per share of $0.69” on November 03, 2016. More interesting news about Arista Networks Inc (NYSE:ANET) were released by: Fool.com and their article: “Why Arista Networks Inc. Stock Popped Today” published on February 19, 2016 as well as Businesswire.com‘s news article titled: “Arista Networks, Inc. Reports Second Quarter 2016 Financial Results” with publication date: August 04, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment