Shares of Telecommunications sector company Arista Networks moved 1.5% today, and are now trading at a price of $395.97. The Large-Cap stock's daily volume was 899,604 compared to its average volume of 1,810,406. The S&P 500 index returned a 1.0% performance.
Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company is based in Santa Clara and has 4,023 full time employees. Its market capitalization is $124,395,159,552.
18 analysts are following Arista Networks and have set target prices ranging from $265.0 to $430.0 per share. On average, they have given the company a rating of buy. At today's prices, ANET is trading 9.28% away from its average analyst target price of $362.33 per share.
Over the last year, ANET's share price has increased by 101.6%, which represents a difference of 69.0% when compared to the S&P 500. The stock's 52 week high is $396.8 per share whereas its 52 week low is $168.25. With average free cash flows of $924.2 Million that have been growing at an average rate of 22.9% over the last 5 years, Arista Networks is in a position to continue its strong stock performance trend.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 2,034,014 | 34,434 | 1,999,580 | 346.17 |
| 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 |
