Company Shares of Arista Networks (NYSE:ANET) Rally 6.39%

Arista Networks (NYSE:ANET) has been under a strong bear grip, hence the stock is down -8.79% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.05% in the past 1 week. The stock has risen by 6.39% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.32% in the past 4 weeks.

The company shares have dropped -14.77% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $88.25 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $70.48 and the 200 Day Moving Average price is recorded at $65.94.

The stock has recorded a 20-day Moving Average of 1.57% and the 50-Day Moving Average is 2.05%.


Arista Networks (NYSE:ANET): stock turned positive on Friday. Though the stock opened at $66.49, the bulls momentum made the stock top out at $68.22 level for the day. The stock recorded a low of $66.06 and closed the trading day at $67.73, in the green by 2.62%. The total traded volume for the day was 624,660. The stock had closed at $66 in the previous days trading.

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.

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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