Arista Networks, Inc. (ANET): Mark Stephen Smith , Sr. VP, Worldwide Sales of Arista Networks, Inc. sold 5,000 shares on Jul 15, 2016. The Insider selling transaction was reported by the company on Jul 19, 2016 to the Securities and Exchange Commission. The shares were sold at $70.04 per share for a total value of $350,212.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 12, 2016, Kenneth Duda (CTO and SVP Software Eng.) sold 15,150 shares at $67.42 per share price.On Jun 17, 2016, Mark Stephen Smith (Sr. VP, Worldwide Sales) sold 5,000 shares at $73.08 per share price.Also, On Jun 7, 2016, Anshul Sadana (SVP, Customer Engineering) sold 5,000 shares at $75.00 per share price.On May 27, 2016, David R Cheriton Irrevoca 2010 (10% owner) sold 221,367 shares at $72.05 per share price.
Arista Networks Inc: On Monday, Jul 18, 2016 heightened volatility was witnessed in Arista Networks Inc which led to swings in the share price. The shares opened for trading at $70.23 and hit $71.55 on the upside , eventually ending the session at $71.38, with a gain of 1.99% or 1.39 points. The heightened volatility saw the trading volume jump to 7,78,383 shares. The 52-week high of the share price is $88.25 and the company has a market cap of $4,899 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 Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 27, 2016.Arista Networks Inc is Initiated by JP Morgan to Neutral. The Rating was issued on May 13, 2016.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 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.