Stock Rating Downgrade
The Value Trend Rating for Arista Networks Inc (NYSE: ANET) weakened during the last several trading days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Arista Networks Inc (NYSE: ANET) stock closed at $406.48 on 11/22/24 after a modest gain of 0.4%. NORMAL trading volume accompanied the advance. The stock has risen 5.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
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 slightly negative Appreciation Score of 32 but a very high Power Rating of 94, leading to the High Neutral Value Trend Rating.
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