Arista Networks (ANET) Earns Daily Coverage Optimism Score of 0.06

Media coverage about Arista Networks (NYSE:ANET) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Arista Networks earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 44.8139977145964 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern’s rankings:

Arista Networks (NYSE:ANET) traded up $14.29 on Monday, reaching $251.06. The company had a trading volume of 1,394,719 shares, compared to its average volume of 767,579. Arista Networks has a fifty-two week low of $87.33 and a fifty-two week high of $251.95. The company has a market capitalization of $18,350.00, a price-to-earnings ratio of 52.09, a PEG ratio of 1.81 and a beta of 1.38. The company has a quick ratio of 3.07, a current ratio of 3.66 and a debt-to-equity ratio of 0.03.

ANET has been the topic of several recent analyst reports. Citigroup lifted their target price on Arista Networks to $250.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Needham & Company LLC reiterated a “buy” rating and set a $217.00 target price (up from $175.00) on shares of Arista Networks in a report on Friday, November 3rd. They noted that the move was a valuation call. KeyCorp reiterated an “overweight” rating and set a $240.00 target price (up from $213.00) on shares of Arista Networks in a report on Thursday, December 14th. Nomura boosted their price target on Arista Networks from $173.00 to $185.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Finally, BMO Capital Markets boosted their price target on Arista Networks from $190.00 to $205.00 and gave the company a “market perform” rating in a report on Friday, November 3rd. They noted that the move was a valuation call. Fourteen research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $203.24.

In related news, SVP Marc Taxay sold 2,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $235.58, for a total transaction of $471,160.00. Following the sale, the senior vice president now owns 13,460 shares in the company, valued at $3,170,906.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anshul Sadana sold 12,000 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $189.95, for a total value of $2,279,400.00. Following the sale, the insider now owns 86,788 shares in the company, valued at approximately $16,485,380.60. The disclosure for this sale can be found here. Insiders have sold 606,126 shares of company stock worth $138,901,364 in the last quarter. 28.09% of the stock is currently owned by corporate insiders.

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About Arista Networks

Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.

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