Alert: New Earnings Report (11/7/24)-Arista Networks Inc (NYSE: ANET).

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For its third fiscal quarter (ending September 30), Arista Networks Inc (NYSE: ANET) has reported a 35% increase in E.P.S. from $1.76 a year ago to $2.38 in the current quarter. E.P.S. were $8.51 for the latest four quarters through September 30 versus $6.17 for the same period a year ago — an increase of 38%.

Recent Price Action

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Arista Networks Inc (NYSE: ANET) stock closed at $431.02 on 11/7/24 after an increase of 1.9%. Moreover, this advance was accompanied by exceptionally high trading volume at 202% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 8.8% 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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Arista Networks has a poor Appreciation Score of 28 but a very high Power Rating of 93, triggering the High Neutral Value Trend Rating.

Rating Review

In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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