Shares of Telecommunications sector company Arista Networks moved 0.6% today, and are now trading at a price of $213.02. The large-cap stock's daily volume was 152,392 compared to its average volume of 2,192,096. The S&P 500 index returned a 1.0% performance.
Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company is based in Santa Clara and has 3,612 full time employees. Its market capitalization is $66,269,245,440.
18 analysts are following Arista Networks and have set target prices ranging from $154.0 to $230.0 per share. On average, they have given the company a rating of buy. At today's prices, ANET is trading 6.21% away from its average analyst target price of $200.56 per share.
Over the last year, ANET's share price has increased by 63.0%, which represents a difference of 47.0% when compared to the S&P 500. The stock's 52 week high is $214.26 per share whereas its 52 week low is $108.91. With average free cash flows of $747.35 Million that have been growing at an average rate of 11.9% over the last 6 years, Arista Networks is in a position to continue its strong stock performance trend.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 983,151 | 44,644 | 938,507 | 109.41 |
| 2022 | 492,813 | 44,644 | 448,169 | -52.88 |
| 2021 | 1,015,856 | 64,736 | 951,120 | 32.15 |
| 2020 | 735,114 | 15,384 | 719,730 | -24.02 |
| 2019 | 963,034 | 15,751 | 947,283 | 97.64 |
| 2018 | 503,119 | 23,830 | 479,289 |
