Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Arista Networks Inc (NYSE: ANET) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Arista Networks Inc (NYSE: ANET) stock closed at $214.63 on 11/17/23 after a modest gain of 0.6%. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.4% during the last week.
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 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 31 but a very high Power Rating of 93, and the High Neutral Value Trend Rating results.
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