Arista Networks (NYSE:ANET) Given News Impact Rating of 0.14

News articles about Arista Networks (NYSE:ANET) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Arista Networks earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.5797597919902 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

Shares of ANET stock opened at $260.00 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.70 and a current ratio of 4.28. Arista Networks has a 52-week low of $130.09 and a 52-week high of $311.67. The company has a market cap of $19,130.77, a P/E ratio of 56.50, a price-to-earnings-growth ratio of 1.88 and a beta of 1.50.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Thursday, February 15th. The technology company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.32. Arista Networks had a net margin of 25.71% and a return on equity of 25.86%. The business had revenue of $467.90 million for the quarter, compared to analyst estimates of $463.82 million. During the same period in the previous year, the company earned $1.04 earnings per share. The business’s revenue for the quarter was up 42.7% on a year-over-year basis. sell-side analysts anticipate that Arista Networks will post 5.99 earnings per share for the current fiscal year.

A number of brokerages have issued reports on ANET. ValuEngine upgraded Arista Networks from a “hold” rating to a “buy” rating in a research note on Friday. MKM Partners raised their price objective on Arista Networks to $285.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Piper Jaffray restated a “hold” rating and set a $268.00 price objective on shares of Arista Networks in a research report on Friday, February 16th. Vetr downgraded shares of Arista Networks from a “strong-buy” rating to a “buy” rating and set a $321.08 price target for the company. in a report on Tuesday, March 6th. Finally, Gabelli downgraded shares of Arista Networks from a “buy” rating to a “hold” rating in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $250.60.

In other news, SVP Marc Taxay sold 2,000 shares of the business’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $252.98, for a total transaction of $505,960.00. Following the sale, the senior vice president now directly owns 13,884 shares of the company’s stock, valued at $3,512,374.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anshul Sadana sold 24,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $256.25, for a total transaction of $6,150,000.00. Following the sale, the insider now directly owns 80,972 shares in the company, valued at $20,749,075. The disclosure for this sale can be found here. Insiders sold 98,166 shares of company stock worth $26,069,035 over the last ninety days. Corporate insiders own 28.09% of the company’s stock.

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About Arista Networks

Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

Insider Buying and Selling by Quarter for Arista Networks (NYSE:ANET)

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