Analyst Ratings for Arista Networks Inc. (ANET)Updated: 2017-07-28
Shares of Arista Networks Inc. (NYSE:ANET) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for ANET last month.
13 analysts declared ANET a buy, 0 gave an overweight rating, 16 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Investment analysts gave a few price targets for ANET. The maximum price target given was 185, which equates to a potential upside of 23.14 percent. The lowest price target was 120, which equates to a potential downside of -20.13 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 4.86 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 5.38 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
The growth rate of ANET's earnings is estimated by analysts to be 6.59 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. ANET has a PEG ratio of 7.39.
In the trailing 52-weeks, ANET hit 162.97 at the highest peak, while it's lowest trading point was 68.75. The current market price is above the trailing year's low by 118.52 percent, and 7.81 percent below the high. ANET has a price/earnings ratio of 48.68. Investors typically compare the P/E ratio to a company's peers in the industry. The ANET value stock report compares ANET to some of its peers using value stock charts. The market cap of ANET is $10.95 billion. ANET will post this quarters earnings in days, on 0000-00-00.