Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Arista Networks Inc (NYSE: ANET) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Arista Networks Inc (NYSE: ANET) stock closed at $246.09 on 4/19/24 after a decline of -4.3%. Trading volume in this decline was normal. The stock has declined -17.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ANET is expected to continue to be a major Value Builder.
Arista Networks has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Arista Networks has a slightly negative Appreciation Score of 36 but a very high Power Rating of 92, leading to the Positive Value Trend Rating.
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