Arista Networks (ANET) has risen sharply, recording gains of 5.1% in the past 4 weeks. However, the stock has corrected -0.75% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.67% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.53% and the 50-Day Moving Average is 8.96%.The 200 Day SMA reached 22.77%
Arista Networks (NYSE:ANET): The stock opened in the green at $85.64 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $85.86 and a low of $84.37 for the day. The stock did not find buyers even at the lows and closed at $85.08 recording a loss of -0.16%. 711,014 shares exchanged hands during the trading day. The stock had closed at $85.08 in the previous days trading.
Arista Networks (ANET) : The highest level Arista Networks (ANET) is projected to reach is $92 for the short term and the lowest estimate is at $40. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $77.02 and the possibility the share price can swing is $14.99.
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.