For its first fiscal quarter (ending March 31), Arista Networks Inc (NYSE: ANET) has reported a 44% increase in E.P.S. from $1.42 a year ago to $2.04 in the current quarter. This performance was $0.09 better than the consensus estimate of $1.95. E.P.S. were $7.36 for the latest four quarters through March 31 versus $4.95 for the same period a year ago — an increase of 49%.
Recent Price Action
On 5/7/24, Arista Networks Inc (NYSE: ANET) stock declined modestly by -1.7%, closing at $273.99. Moreover, this decline was accompanied by unusually high trading volume at 157% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.9% during the last week.
Current PriceTarget Research Rating
ANET’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Arista Networks has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Arista Networks has a slightly negative Appreciation Score of 32 but a very high Power Rating of 89, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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