Jefferies & Co Indicates Potential -90.02% Decrease In Shares Of Arista Networks


Jefferies & Co Indicates Potential -90.02% Decrease In Shares Of Arista Networks

Jefferies upgraded the stock to hold from underperform, while hiking its target to 100. (The)'s price objective suggests a potential downside of 40.40% from the stock's previous close.

Several other equities research analysts have also recently weighed in on the company.

Barclays PLC restated their overweight rating on shares of Arista Networks, Inc. Pacific Crest reiterated a "buy" rating on shares of Arista Networks in a research report on Friday, November 4th.

Stock research firms now have a positive stance on shares of Arista Networks, Inc. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.21 on scale of 1-5. (NYSE:ANET) is under coverage by number of analysts.

The biggest institutional shareholders in Arista Networks, Inc. include The 2010 David R Cheriton Irrevocable Trust dtd July 27 2010 which owns 9 million shares in the company valued at $669.99 million. The businesses 50 day moving average is 96.23 and its 200 day moving average is 87.85. The company has a market cap of $7.03 billion, a price-to-earnings ratio of 43.33 and a beta of 1.15. Capital Research Global Investors raised its position in shares of Arista Networks by 11.9% in the third quarter.

The Santa Clara-based cloud networking solutions giant reported adjusted Q4 EPS of $1.04, which was $0.22 better than the Wall Street consensus estimate of $0.82. The company had revenue of $290.26 million for the quarter, compared to analysts' expectations of $283.33 million. During the same period in the previous year, the business posted $0.80 EPS. The firm's quarterly revenue was up 33.4% on a year-over-year basis. If you are viewing this news story on another website, it was copied illegally and reposted in violation of worldwide trademark & copyright legislation. The correct version of this piece can be viewed at [[permalink]]. (The) reissued a "sell" rating and issued a $60.00 price target on shares of Arista Networks in a research report on Thursday. The stock was sold at an average price of $98.05, for a total transaction of $30,076,641.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The stock was sold at an average price of $93.58, for a total transaction of $187,160.00. Capital Research Global Investors is the second biggest holder with 7 million shares now valued at 560.86 million whilst Wellington Management Company LLP has 3 million shares valued at 260.37 million. The disclosure for this sale can be found here.

Arista Networks, Inc. (NYSE:ANET)'s stock has performed at 3.51%. In the last three months, insiders sold 687,218 shares of company stock worth $67,333,547. FMR LLC increased its position in Arista Networks by 44.5% in the fourth quarter. LLC now owns 337,428 shares of the company's stock worth $21,724,000 after buying an additional 296,193 shares during the last quarter. LLC increased its position in Arista Networks by 121.2% in the third quarter. Vanguard Group Inc. increased its position in Arista Networks by 10.7% in the second quarter. NY boosted its position in Arista Networks by 16.1% in the second quarter. AQR Capital Management LLC now owns 34,331 shares of the company's stock valued at $3,322,000 after buying an additional 8,318 shares during the last quarter.