Arista Networks Inc (NYSE: ANET) stock enjoyed a major increase of 11.3% on 7/31/24. The shares closed at $346.55. Moreover, this advance was accompanied by exceptionally high trading volume at 229% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
ANET’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Arista Networks has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Arista Networks has a poor Appreciation Score of 23 but a very high Power Rating of 88, triggering the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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