Arista Networks (ANET) Earns Coverage Optimism Rating of 0.16
Headlines about Arista Networks (NYSE:ANET) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Arista Networks earned a news impact score of 0.16 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.1906896198281 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s analysis:
- Most Shocking Stock Movements: Arista Networks, Inc. (ANET), CommScope Holding Company, Inc. (COMM) – Market Movers (financialqz.com)
- Top China Internets, IBD 50 Stocks, Hotels Lead Investing Action Plan (finance.yahoo.com)
- Trading summary of Watch List stock – Arista Networks, Inc. (ANET) – Wall Street Morning (wallstreetmorning.com)
- Short Term Technical Analysis: Arista Networks, Inc. (ANET), Zynga Inc. (ZNGA) – Market Movers (financialqz.com)
- Arista Networks (ANET) Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
Shares of Arista Networks (NYSE ANET) opened at $272.55 on Friday. Arista Networks has a 52-week low of $97.27 and a 52-week high of $289.07. The stock has a market cap of $19,920.00, a PE ratio of 56.55, a PEG ratio of 2.17 and a beta of 1.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.66 and a quick ratio of 3.07.
In other news, insider Andreas Bechtolsheim sold 132,370 shares of Arista Networks stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $240.17, for a total value of $31,791,302.90. Following the sale, the insider now owns 73,102 shares in the company, valued at $17,556,907.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jayshree Ullal sold 72,443 shares of Arista Networks stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $225.96, for a total transaction of $16,369,220.28. Following the completion of the sale, the insider now owns 3,564 shares in the company, valued at approximately $805,321.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 458,126 shares of company stock worth $108,380,024. Company insiders own 28.09% of the company’s stock.
Arista Networks Company Profile
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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