Stock Rating Downgrade
Of late the Value Trend Rating for Arista Networks Inc (NYSE: ANET) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 9/13/24, Arista Networks Inc (NYSE: ANET) stock increased 1.2%, closing at $359.76. However, this advance was accompanied by below average trading volume at 76% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 9.5% 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 poor Appreciation Score of 30 but a very high Power Rating of 92, triggering the High Neutral Value Trend Rating.
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