Arista Networks (ANET) : Traders are bullish on Arista Networks (ANET) as it has outperformed the S&P 500 by a wide margin of 9.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.04%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.61% in the last 1 week, and is up 7.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.18% and the 50-Day Moving Average is 13.21%.The 200 Day SMA reached 23.77% Arista Networks, Inc. is up 18% in the last 3-month period. Year-to-Date the stock performance stands at 9.24%.
Arista Networks (ANET) : The consensus price target for Arista Networks (ANET) is $77.21 for the short term with a standard deviation of $15.03. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $92, however, the pessimist price target for the company is $40.
For the current week, the company shares have a recommendation consensus of Buy. Arista Networks (NYSE:ANET): The stock opened at $84.07 and touched an intraday high of $85.1 on Friday. During the day, the stock corrected to an intraday low of $83.7, however, the bulls stepped in and pushed the price higher to close in the green at $85.03 with a gain of 0.71% for the day. The total traded volume for the day was 1,174,001. The stock had closed at $85.03 in the previous trading session.
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.