Arista Networks Inc (NYSE: ANET) has reported E.P.S. of $2.12 for its second fiscal quarter (ending June 30) versus $1.59 for the same period a year ago. E.P.S. were $7.89 for the latest four quarters through June 30 versus $5.57 for the same period a year ago.
Recent Price Action
Arista Networks Inc (NYSE: ANET) stock declined by -2.8% on 7/30/24. The shares closed at $311.42. Moreover, trading volume in this decline was unusually high at 181% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -9.0% 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 (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Arista Networks has a poor Appreciation Score of 25 but a very high Power Rating of 88, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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