Large Outflow of Money Witnessed in Arista Networks

Arista Networks (ANET) : The total money flow in Arista Networks (ANET) was negative ($2.55 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $5.79 million. Transactions on upticks were comparatively lower at $3.25 million. The uptick to downtick ratio was 0.56. The total block trades on downticks were valued at $3.53 million. The money flow during block trades was negative ($3.53 million) when the stock traded with a gain of $63 cent. Arista Networks (ANET) was $70.43, an increase of 0.9% over the previous days close.


The company Insiders own 32.39% of Arista Networks shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -20.51% . Institutional Investors own 49.59% of Arista Networks shares. During last six month period, the net percent change held by insiders has seen a change of -20.88%. In an insider trading activity, Smith Mark Stephen, officer (Sr. VP, Worldwide Sales) of Arista Networks, Inc., unloaded 5,000 shares at an average price of $73.08 on June 15, 2016. The total amount of the transaction was worth $365,400, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Shares of Arista Networks, Inc. appreciated by 10.46% during the last five trading days but lost 4.09% on a 4-week basis. Arista Networks, Inc. is up 13.29% in the last 3-month period. Year-to-Date the stock performance stands at -9.96%.

Arista Networks (NYSE:ANET): stock turned positive on Tuesday. Though the stock opened at $70.56, the bulls momentum made the stock top out at $70.85 level for the day. The stock recorded a low of $69.98 and closed the trading day at $70.09, in the green by 0.42%. The total traded volume for the day was 871,183. The stock had closed at $69.8 in the previous days trading.

Arista Networks, Inc. is a supplier of cloud networking solutions that use software to address the needs Internet companies, cloud service providers and next-generation data centers for enterprises. The Companys cloud networking solutions consist of its Extensible Operating System (EOS) a set of network applications and its 10/40/100 Gigabit Ethernet switches. The Company offers range of product lines of data center 10/40/100 Gigabit Ethernet switches in the industry, which consist of its 7050 Series and 7150 Series top-of-rack switches, 72XX/7300 X Series SPLINE switches and its 7280 and 7500 E Series spine switches. EOS supports cloud and virtualization solutions, including VMware NSX, Microsoft System Center, OpenStack and other cloud management frameworks. The Company also offers EOS+, a software platform for network programmability and automation.

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