Arista Networks (ANET): The stock had negative money flow to the tune of ($1.21 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $1.94 million, whereas, the outflow of money on downticks was $3.15 million and the ratio between the two was 0.61. The block trade had a negative net money flow of ($1.33 million). On the other hand, downticks amounted to $1.33 million of the traded value, which shows distribution in the stock by traders. Arista Networks (ANET) closed with marginal gains of 40 cents to end the day at $76.18, an increase of 0.53% over the previous days close. The stock recorded 6.17% for the week.
Shares of Arista Networks, Inc. rose by 8.57% in the last five trading days and 11.8% for the last 4 weeks. Arista Networks, Inc. is up 15.06% in the last 3-month period. Year-to-Date the stock performance stands at 0.53%.
Arista Networks (NYSE:ANET): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.54 and $75.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.25, notching a gain of 3.26% for the day. The total traded volume was 1,294,910 . The stock had closed at $75.78 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Duda Kenneth, officer (CTO and SVP Software Eng.) of Arista Networks, Inc., had unloaded 13,938 shares at an average price of $72.2 in a transaction dated on August 8, 2016. The total value of the transaction was worth $1,006,324.
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.