Shares of Arista Networks have moved -2.7% today, and are now trading at a price of $385.27. In contrast, the S&P 500 index saw a -2.0% change. Today's trading volume is 1,469,305 compared to the stock's average volume of 1,561,223.
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. Based in Santa Clara, United States the company has 4,023 full time employees and a market cap of $121,033,719,808.
The company is now trading 1.64% away from its average analyst target price of $379.05 per share. The 19 analysts following the stock have set target prices ranging from $265.0 to $480.0, and on average give Arista Networks a rating of buy.
Over the last 52 weeks, ANET stock has risen 87.1%, which amounts to a 52.4% difference compared to the S&P 500. The stock's 52 week high is $422.73 whereas its 52 week low is $203.19 per share. Based on Arista Networks's average net margin growth of 15.5% over the last 6 years, its core business is on track for profitability and its strong stock performance may continue in the long term.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) |
|---|---|---|---|
| 2023 | 5,860,168 | 2,087,321 | 36 |
| 2022 | 4,381,310 | 1,352,446 | 31 |
| 2021 | 2,948,037 | 840,854 | 28 |
| 2020 | 2,317,512 | 634,557 | 27 |
| 2019 | 2,410,706 | 859,867 | 36 |
| 2018 | 2,151,369 | 328,115 | 15 |
