Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Arista Networks Inc (NYSE: ANET) improved of late. 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
On 11/29/24, Arista Networks Inc (NYSE: ANET) stock rose modestly by 0.9%, closing at $405.82. However, this advance was accompanied by below average trading volume at 67% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.3% during the last week.
Current PriceTarget Research Rating
Arista Networks has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. 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 95, producing the Positive Value Trend Rating.
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