In today’s session Arista Networks Inc (ANET) registered an unusually high (3,968) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious ANET increase. With 3,968 contracts traded and 1874 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: ANET170120C00095000 closed last at: $5 or 4.2% up. About 168,419 shares traded hands. Arista Networks Inc (NYSE:ANET) has risen 43.62% since April 25, 2016 and is uptrending. It has outperformed by 37.61% the S&P500.
Analysts await Arista Networks Inc (NYSE:ANET) to report earnings on February, 16. They expect $0.67 earnings per share, down 1.47% or $0.01 from last year’s $0.68 per share. ANET’s profit will be $46.78M for 35.43 P/E if the $0.67 EPS becomes a reality. After $0.69 actual earnings per share reported by Arista Networks Inc for the previous quarter, Wall Street now forecasts -2.90% negative EPS growth.
Arista Networks Inc (NYSE:ANET) Ratings Coverage
Out of 20 analysts covering Arista Networks (NYSE:ANET), 11 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 55% are positive. $110 is the highest target while $21 is the lowest. The $84.78 average target is -10.71% below today’s ($94.95) stock price. Arista Networks has been the topic of 31 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Friday, August 26, the company rating was maintained by Citigroup. Bank of America downgraded the shares of ANET in a report on Monday, June 27 to “Underperform” rating. The firm has “Neutral” rating by Bank of America given on Tuesday, November 22. The firm earned “Buy” rating on Monday, October 31 by Needham. The stock of Arista Networks Inc (NYSE:ANET) earned “Neutral” rating by Buckingham Research on Wednesday, September 16. The firm has “Neutral” rating by Macquarie Research given on Tuesday, August 4. The company was maintained on Friday, August 5 by UBS. The firm earned “Buy” rating on Tuesday, October 25 by Argus Research. The stock of Arista Networks Inc (NYSE:ANET) has “Outperform” rating given on Monday, January 4 by Oppenheimer. The firm has “Buy” rating by Citigroup given on Wednesday, January 27.
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 $6.63 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 41.27 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 important recent Arista Networks Inc (NYSE:ANET) news were published by: Finance.Yahoo.com which released: “Arista Networks Inc (ANET) President and CEO Jayshree Ullal Sold $34 million …” on November 17, 2016, also Fool.com published article titled: “Why Arista Networks Inc. Stock Plunged Today”, Nasdaq.com published: “Arista Networks Inc (ANET) President and CEO Jayshree Ullal Sold $’4 million …” on November 17, 2016. More interesting news about Arista Networks Inc (NYSE:ANET) was released by: Businesswire.com and their article: “Arista Networks, Inc. Reports Second Quarter 2016 Financial Results” with publication date: August 04, 2016.
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