Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Arista Networks Inc (NYSE: ANET) weakened in recent days. ANET’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Arista Networks Inc (NYSE: ANET) stock declined slightly by -0.02% on 4/26/24. The stock closed at $264.70. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ANET 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 slightly negative Appreciation Score of 33 but a very high Power Rating of 91, leading to the High Neutral Value Trend Rating.
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