They now have a $220.00 price objective on the technology company's stock, up from their previous price objective of $215.00.
Other equities analysts have also issued research reports about the company. Oppenheimer Holdings Inc. restated a buy rating on shares of Arista Networks in a research report on Sunday.
On 11/6/2017, Needham released a statement about Arista Networks (NYSE:ANET) bumped up the target price from $175.00 to $217.00. BMO Capital Markets downgraded Arista Networks Inc (NYSE:ANET) on Thursday, September 28 to "Market Perform" rating.
In the most updated research from a number of analysts on Wall Street, the company gets 16 Buys and 0 Sell among 23 analysts.
Arista Networks, Inc. (ANET) opened the session with a $213.6 price tag, later ranging from $213.3 to $221.67, the range at which the stock has traded at throughout the day.
ILLEGAL ACTIVITY WARNING: "Arista Networks (ANET) Given Media Sentiment Rating of 0.20" was reported by TrueBlueTribune and is owned by of TrueBlueTribune. Arista Networks's 50-day moving average is $187.09 and its 200-day moving average is $162.13. The stock stands almost -4.46% off versus the 52-week high and 48.73% away from the 52-week low. The firm has a market cap of $16,158.98, a PE ratio of 53.14, a P/E/G ratio of 2.04 and a beta of 1.31. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of USA and worldwide copyright law. Arista Networks had 101 analyst reports since July 29, 2015 according to SRatingsIntel. In the last earnings report the EPS was $4.82 with 73.10M shares outstanding. The firm has a ROI of 16.20%, calculating the gain or loss generated on investment relative to the sum of money invested. Revenue during the quarter was $437.63 million, representing 51% growth from $290.26 million in year-ago quarter.
The stock increased 19.34% or GBX 0.3 on November 13, reaching GBX 1.82. On average, analysts anticipate that Arista Networks will post $3.09 EPS for the current fiscal year. If you are viewing this article on another publication, it was stolen and republished in violation of United States and worldwide copyright legislation. The correct version of this piece of content can be read at investing/arista-networks-inc-anet-receives-outperform-rating-from-wells-fargo-co/1118799.html.
In related news, SVP Kenneth Duda sold 11,746 shares of the stock in a transaction dated Monday, October 10th.
Sell-side analyst recommendations point to a short term price target of $31.76 on the shares of ArcelorMittal (MT). Following the completion of the transaction, the insider now directly owns 21,079 shares of the company's stock, valued at $3,688,825. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The disclosure for this sale can be found here.
They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin. The number of shares now owned by investors are 70.62 mln. Arista Networks earned a news impact score of 0.20 on Accern's scale. Bank of New York Mellon Corp now owns 143,236 shares of the company's stock valued at $9,221,000 after buying an additional 12,634 shares during the last quarter. Gilder Gagnon Howe & Co. Insiders have sold a total of 129,342 shares of company stock worth $26,256,265 in the last three months. PNC Financial Services Group Inc. grew its holdings in Arista Networks by 20.5% during the 2nd quarter. The company moved in the past week with shift of -8.60%. The existing ROI value of Arista Networks, Inc. outlines the firm's profitability alongside the efficiency of different investments. RBC Capital Markets maintained the stock with "Sector Perform" rating in Friday, August 4 report. Finally, Janus Capital Management LLC raised its stake in shares of Arista Networks by 115.5% during the first quarter. Montag & Caldwell LLC now owns 10,713 shares of the company's stock valued at $690,000 after buying an additional 40 shares during the period.
Institutional investors have recently made changes to their positions in the business.