News articles about Arista Networks (NYSE:ANET) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Arista Networks earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.4833631706457 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Here's Why You Should Offload Juniper Networks (JNPR) Stock (finance.yahoo.com)
- Arista Networks, Inc. (ANET) Insider Sells $16,369,220.28 in Stock (americanbankingnews.com)
- Arista Networks, Inc. (ANET) Now Covered by Wells Fargo & Company (americanbankingnews.com)
- Hot Stock’s Alert: Bristow Group Inc., (NYSE: BRS), Arista Networks, Inc., (NYSE: ANET), Banco Santander (Brasil) SA … – Stocks In The News (press release) (tradingnewsnow.com)
- 5 Stocks Hitting New Highs to Buy Right Now (finance.yahoo.com)
A number of analysts have recently issued reports on the company. Stifel Nicolaus restated a “hold” rating and set a $145.00 price objective on shares of Arista Networks in a research report on Friday, July 21st. BidaskClub cut Arista Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research lowered Arista Networks from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada boosted their price target on Arista Networks from $135.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, August 4th. Finally, Barclays PLC boosted their price target on Arista Networks from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. They noted that the move was a valuation call. Sixteen research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $187.21.
Shares of Arista Networks (NYSE:ANET) traded down $2.20 during trading on Thursday, hitting $224.90. The company’s stock had a trading volume of 616,400 shares, compared to its average volume of 828,194. Arista Networks has a 12 month low of $86.64 and a 12 month high of $228.86. The company has a market capitalization of $17,000.00, a P/E ratio of 54.59, a P/E/G ratio of 2.10 and a beta of 1.31. The company has a quick ratio of 3.07, a current ratio of 3.66 and a debt-to-equity ratio of 0.03.
In other news, insider Anshul Sadana sold 12,000 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $189.95, for a total transaction of $2,279,400.00. Following the completion of the transaction, the insider now directly owns 86,788 shares of the company’s stock, valued at $16,485,380.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ita M. Brennan sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $175.00, for a total value of $875,000.00. Following the transaction, the insider now directly owns 21,079 shares of the company’s stock, valued at $3,688,825. The disclosure for this sale can be found here. Insiders sold 275,405 shares of company stock valued at $58,844,707 over the last 90 days. Corporate insiders own 28.09% of the company’s stock.
About Arista Networks
Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.
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