Why Arista Networks, Inc. (NYSE:ANET) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $81.3000 on Arista Networks, Inc. (NYSE:ANET) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.9400 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Arista Networks, Inc. (NYSE:ANET) stands at 37.5400.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Arista Networks, Inc. Common St, the PEG ratio for coming 3-5 years is 1.1200.

Technical Analysis

The technical analysis highlights that Arista Networks, Inc. Common St current is trading $6.0754 points away or +8.7567% from its 50-day moving average of $69.3800. Further it is trading $9.3136 or +14.0813% away its 200-day moving average of $66.1418.

The 52-week high of Arista Networks, Inc. (NYSE:ANET) was $82.5700 while lowest point recorded in 52-week was $52.5050. It implies if stock price makes a movement of over $-7.1146, it will record a new 52-week high. In the case of +43.7109% drop, it will touch a new 52-week low.

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