November 24, 2016 - By Adrian Mccoy · 0 Comments
The stock of Arista Networks (NYSE:ANET) registered an increase of 1.46% in short interest. ANET’s total short interest was 5.45 million shares in November as published by FINRA. Its up 1.46% from 5.37 million shares, reported previously. With 425,900 shares average volume, it will take short sellers 13 days to cover their ANET’s short positions. The short interest to Arista Networks’s float is 13.06%. The stock increased 0.43% or $0.41 on November 23, hitting $95.19. About 488,793 shares traded hands. Arista Networks Inc (NYSE:ANET) has risen 45.00% since April 22, 2016 and is uptrending. It has outperformed by 39.59% the S&P500.
Arista Networks, Inc. is a supplier of cloud networking solutions that address the needs of Internet companies, cloud service providers and next-generation data centers for enterprises. The company has a market cap of $6.70 billion. The Company’s cloud networking solutions consist of its Extensible Operating System , which is a set of network applications and its 10/25/40/50/100 Gigabit Ethernet switches. It has a 41.37 P/E ratio. EOS is purpose-built to be programmable and modular.
Out of 20 analysts covering Arista Networks (NYSE:ANET), 11 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 55% are positive. Arista Networks has been the topic of 31 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Arista Networks Inc (NYSE:ANET) earned “Neutral” rating by Macquarie Research on Tuesday, August 4. The stock has “Buy” rating given by Needham on Monday, October 31. RBC Capital Markets maintained Arista Networks Inc (NYSE:ANET) rating on Wednesday, August 31. RBC Capital Markets has “Sector Perform” rating and $80 price target. The rating was initiated by Barclays Capital on Wednesday, October 14 with “Overweight”. The stock of Arista Networks Inc (NYSE:ANET) earned “Sell” rating by Goldman Sachs on Monday, November 2. The firm has “Neutral” rating by JP Morgan given on Wednesday, January 6. As per Friday, May 13, the company rating was initiated by JP Morgan. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, May 6. The stock of Arista Networks Inc (NYSE:ANET) earned “Neutral” rating by M Partners on Monday, September 19. The stock of Arista Networks Inc (NYSE:ANET) has “Neutral” rating given on Tuesday, November 22 by Bank of America.
Arista Networks, Inc., incorporated on December 2, 2011, is a supplier of cloud networking solutions that address the needs of Internet companies, cloud service providers and next-generation data centers for enterprises. The Company’s cloud networking solutions consist of its Extensible Operating System (EOS), which is a set of network applications and its 10/25/40/50/100 Gigabit Ethernet switches. At the core of its cloud networking platform is EOS, which is purpose-built to be programmable and modular. The programmability of EOS allows it to create a set of software applications that address the requirements of cloud networking, including workflow automation, network visibility and analytics, and allows it to integrate with a range of third-party applications for virtualization, management, automation, orchestration and network services. EOS supports cloud and virtualization solutions, including VMware NSX, Microsoft System Center, OpenStack and other cloud management frameworks. The Firm offers a product line of data center 10/25/40/50/100 Gigabit Ethernet switches comprising its 7050X Series, 7060X Series, 7150 Series, 7260 Series, 7280 leaf switches, 7300X Series Spline switches and its 7500E Series spine switches.
More news for Arista Networks Inc (NYSE:ANET) were recently published by: Nasdaq.com, which released: “Arista Networks Inc (ANET) President and CEO Jayshree Ullal Sold $’4 million …” on November 17, 2016. Streetinsider.com‘s article titled: “Form 4 Arista Networks, Inc. For: Nov 21 Filed by: MATHER ANN” and published on November 23, 2016 is yet another important article.
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By Adrian Mccoy