Equities research analysts expect Arista Networks Inc (NYSE:ANET) to report sales of $464.20 million for the current quarter, according to Zacks. Nine analysts have issued estimates for Arista Networks’ earnings, with estimates ranging from $457.00 million to $470.40 million. Arista Networks reported sales of $327.97 million during the same quarter last year, which would suggest a positive year over year growth rate of 41.5%. The company is expected to issue its next quarterly earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Arista Networks will report full-year sales of $464.20 million for the current year, with estimates ranging from $1.64 billion to $1.65 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.07 billion per share, with estimates ranging from $1.94 billion to $2.15 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Arista Networks.

A number of equities research analysts have issued reports on the company. KeyCorp reaffirmed a “buy” rating and set a $200.00 target price on shares of Arista Networks in a research report on Friday, September 29th. BMO Capital Markets cut Arista Networks from an “outperform” rating to a “market perform” rating and set a $190.00 target price for the company. in a research report on Thursday, September 28th. They noted that the move was a valuation call. Berenberg Bank assumed coverage on Arista Networks in a research report on Tuesday, September 26th. They set a “buy” rating and a $225.00 target price for the company. Citigroup reaffirmed a “buy” rating and set a $215.00 target price on shares of Arista Networks in a research report on Wednesday, September 27th. Finally, Wells Fargo & Co assumed coverage on Arista Networks in a research report on Tuesday, November 14th. They set a “market perform” rating and a $235.00 target price for the company. Fourteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $200.14.

In related news, SVP Marc Taxay sold 2,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $235.58, for a total value of $471,160.00. Following the completion of the transaction, the senior vice president now directly owns 13,460 shares in the company, valued at $3,170,906.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anshul Sadana sold 12,000 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $189.95, for a total value of $2,279,400.00. Following the completion of the transaction, the insider now owns 86,788 shares of the company’s stock, valued at $16,485,380.60. The disclosure for this sale can be found here. Insiders sold 613,901 shares of company stock valued at $140,410,647 over the last 90 days. 28.09% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of ANET. D.A. Davidson & CO. raised its stake in Arista Networks by 3.2% during the second quarter. D.A. Davidson & CO. now owns 982 shares of the technology company’s stock worth $147,000 after acquiring an additional 30 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Arista Networks by 20.5% during the second quarter. PNC Financial Services Group Inc. now owns 740 shares of the technology company’s stock worth $111,000 after acquiring an additional 126 shares in the last quarter. M&T Bank Corp raised its stake in Arista Networks by 6.4% during the second quarter. M&T Bank Corp now owns 2,315 shares of the technology company’s stock worth $347,000 after acquiring an additional 140 shares in the last quarter. Affinity Wealth Management raised its stake in Arista Networks by 11.6% during the second quarter. Affinity Wealth Management now owns 2,158 shares of the technology company’s stock worth $323,000 after acquiring an additional 224 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in Arista Networks by 13.9% during the second quarter. Oppenheimer & Co. Inc. now owns 2,105 shares of the technology company’s stock worth $315,000 after acquiring an additional 257 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Shares of Arista Networks (ANET) opened at $235.60 on Thursday. The stock has a market capitalization of $17,220.00, a P/E ratio of 48.88, a price-to-earnings-growth ratio of 1.80 and a beta of 1.38. The company has a current ratio of 3.66, a quick ratio of 3.07 and a debt-to-equity ratio of 0.03. Arista Networks has a 12-month low of $87.33 and a 12-month high of $245.65.

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Arista Networks Company Profile

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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