Headlines about Arista Networks (NYSE:ANET) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Arista Networks earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.5797597919902 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- Cisco Roundup: Cybersecurity Report 2018, Trade War Impact (finance.yahoo.com)
- Arista Networks Inc (ANET) CEO Jayshree Ullal Sells 300 Shares (americanbankingnews.com)
- Insider Selling: Arista Networks Inc (ANET) Insider Sells 7,306 Shares of Stock (americanbankingnews.com)
- Jayshree Ullal Sells 4,933 Shares of Arista Networks Inc (ANET) Stock (americanbankingnews.com)
- Arista Networks Inc (ANET) Expected to Post Quarterly Sales of $462.56 Million (americanbankingnews.com)
A number of equities analysts have commented on ANET shares. Nomura lifted their target price on shares of Arista Networks from $185.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Citigroup lifted their target price on shares of Arista Networks from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Zacks Investment Research cut shares of Arista Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Morgan Stanley lifted their price target on shares of Arista Networks from $210.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, December 21st. Finally, KeyCorp reiterated an “overweight” rating and set a $240.00 price target (up from $213.00) on shares of Arista Networks in a research report on Thursday, December 14th. Fourteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Arista Networks presently has an average rating of “Buy” and an average target price of $249.42.
Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.32. The firm had revenue of $467.90 million during the quarter, compared to analysts’ expectations of $463.82 million. Arista Networks had a net margin of 25.71% and a return on equity of 25.86%. The business’s quarterly revenue was up 42.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 earnings per share. equities analysts forecast that Arista Networks will post 6.01 earnings per share for the current fiscal year.
In related news, insider Jayshree Ullal sold 4,933 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $299.39, for a total value of $1,476,890.87. Following the completion of the sale, the insider now owns 5,900 shares in the company, valued at approximately $1,766,401. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Kenneth Duda sold 127,576 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $235.15, for a total transaction of $29,999,496.40. The disclosure for this sale can be found here. Insiders have sold a total of 225,742 shares of company stock valued at $56,033,731 in the last quarter. 28.09% of the stock is currently owned by company insiders.
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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