Stock Rating Downgrade
The Value Trend Rating for Arista Networks Inc (NYSE: ANET) weakened in the last week 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 enjoyed a large increase of 4.2% on 3/18/24. The stock closed at $289.32. Moreover, unusually high trading volume at 153% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 5.9% during the last week.
Current PriceTarget Research Rating
ANET is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 93, triggering the High Neutral Value Trend Rating.
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