Arista Networks, Inc. (ANET): David R Cheriton Irrevoca 2010 , 10% owner of Arista Networks, Inc. sold 394,465 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $67.86 per share for a total value of $2676929 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Kenneth Duda (CTO and SVP Software Eng.) sold 14,964 shares at $65.81 per share price.On Apr 19, 2016, Anshul Sadana (SVP, Customer Engineering) sold 10,000 shares at $63.56 per share price.Also, On Jan 4, 2016, Mark Stephen Smith (Sr. VP, Worldwide Sales) sold 1,150 shares at $78.21 per share price.On Dec 15, 2015, Jayshree Ullal (President and CEO) sold 14,520 shares at $70.37 per share price.
Arista Networks Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Arista Networks Inc which led to swings in the share price. The shares opened for trading at $65.82 and hit $68.645 on the upside , eventually ending the session at $67.53, with a gain of 3.48% or 2.27 points. The heightened volatility saw the trading volume jump to 12,78,227 shares. The 52-week high of the share price is $88.56 and the company has a market cap of $4,635 M . The 52-week low of the share price is at $52.505.
Company has been under the radar of several Street Analysts.Arista Networks Inc is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $62 .The Rating was issued on May 6, 2016.Arista Networks Inc is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 62 from a previous price target of $60 .The Rating was issued on Mar 30, 2016.Arista Networks Inc is Resumed by RBC Capital Mkts to Sector Perform and the brokerage firm has set the Price Target at $60. The Rating was issued on Mar 16, 2016.
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 Company’s 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.