Shares of Arista Networks (NYSE:ANET) Sees Large Inflow of Net Money Flow

Arista Networks (NYSE:ANET) traded with a cut of -0.49 points or -0.67% at $72.59 per share. As per the last available information, the stock aggregated $4.77 million in upticks and $4.01 million in downticks, keeping the net money flow capped at $0.77 million. The up/down ratio was found to be 1.19. For the week, the shares have seen a change of -3.31% in the share price.A block trade of $1.3 million in upticks and $0 million in downticks also took place during the day. The up/down ratio for the block stood at 0. The net money flow for this transaction was $1.3 million.


Currently 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 -20.6% . Institutional Investors own 49.69% of Arista Networks shares. During last six month period, the net percent change held by insiders has seen a change of -20.96%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Duda Kenneth, officer (CTO and SVP Software Eng.) of Arista Networks, Inc., had unloaded 13,409 shares at an average price of $74.54 in a transaction dated on June 8, 2016. The total value of the transaction was worth $999,507.

Arista Networks (NYSE:ANET) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.87 points or 1.19% at $72.21 with 678,141 shares getting traded. Post opening the session at $72.55, the shares hit an intraday low of $71.67 and an intraday high of $72.9 and the price was in this range throughout the day. The company has a market cap of $4,956 million and the number of outstanding shares have been calculated to be 68,629,342 shares. The 52-week high of Arista Networks (NYSE:ANET) is $88.56 and the 52-week low is $52.505.

Many analysts have stated their opinion on the company shares. JP Morgan initiates coverage on Arista Networks (NYSE:ANET). In the latest research report, JP Morgan announces the target price to $67 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on May 13, 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 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.