Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Arista Networks Inc (NYSE: ANET) improved in recent days. ANET’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Arista Networks Inc (NYSE: ANET) stock closed at $255.21 on 5/1/24 after a slight decline of -0.5%. This decline was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.6% 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 B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Arista Networks has a slightly negative Appreciation Score of 34 but a very high Power Rating of 91, leading to the Positive Value Trend Rating.
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