Arista Networks Inc (NASDAQ: ANET) Share Analyzed

Arista Networks Inc day trading at USD 220.82 per share, then rallying to 223.86 and closing at USD 213.72 per share. A net loss of -3.21% for the day. Long term pricing analysis shows the stock trading at 22.66% lower than it’s 52week high and -33.49% higher than the 52week low. The share volume traded for the day was 1,025K which was 1 times the 50 Day Average Volume.

Arista Networks Inc had a market cap of 16,179,569K as of 13th May 2020. The Earnings Per Share (EPS) for Q4 2019 is $ 9.90.

Arista Networks Inc is an American computer networking company headquartered in Santa Clara, California, USA. The company designs and sells multilayer network switches to deliver software-defined networking (SDN) solutions for large datacenter, cloud computing, high-performance computing, and high-frequency trading environments.

Financial Results

Arista Networks Inc Reports the Fourth Quarter Of Fiscal 2019.

  • Revenue of $552.5 million, a decrease of 15.6% compared to the third quarter of 2019, and a decrease of 7.2% from the fourth quarter of 2018.
  • GAAP gross margin of 64.5%, compared to a GAAP gross margin of 63.8% in the third quarter of 2019 and 62.9% in the fourth quarter of 2018.
  • Non-GAAP gross margin of 65.2%, compared to a non-GAAP gross margin of 64.4% in the third quarter of 2019 and 64.1% in the fourth quarter of 2018.
  • GAAP net income of $260.7 million, or $3.25 per diluted share, compared to GAAP net income of $170.3 million, or $2.10 per diluted share in the fourth quarter of 2018.
  • Non-GAAP net income of $183.4 million, or $2.29 per diluted share, compared to non-GAAP net income of $182.2 million, or $2.25 per diluted share in the fourth quarter of 2018.

Arista Networks Inc Reports Full Year Result Of Fiscal 2019.

  • Revenue of $2.41 billion, an increase of 12.1% compared to the fiscal year 2018.
  • GAAP gross margin of 64.1%, compared to a GAAP gross margin of 63.8% in the fiscal year 2018.
  • Non-GAAP gross margin of 64.7%, compared to a non-GAAP gross margin of 64.4% in the fiscal year 2018.
  • GAAP net income of $859.9 million, or $10.63 per diluted share, compared to GAAP net income of $328.1 million, or $4.06 per diluted share, in the fiscal year 2018.
  • Non-GAAP net income of $786.8 million or $9.73 per diluted share, compared to non-GAAP net income of $643.3 million, or $7.96 per diluted share, in the fiscal year 2018.

Arista Networks Inc (13th May 2020): The Institutional Ownership as of today stood at 61.40% and the Total Value of Holdings (millions) is $ 10,278.

New Institutional Holders and other activity – As of today, the total number of shares held is 46,484,102 by 603 institutional holders.

LATEST NEWS:

13-May-2020:-  Q2 2020 Earnings Forecast for Arista Networks Inc Issued By Jefferies Financial Group (NYSE: ANET) – Modern Readers

Arista Networks Inc (NYSE: ANET) – Analysts at Jefferies Financial Group boosted their Q2 2020 EPS estimates for Arista Networks in a note issued to investors on Wednesday, May 6th. Jefferies Financial Group analyst G. Notter now anticipates that the technology company will earn $1.69 per share for the quarter, up from their prior estimate of $1.49.

12-May-2020:-  Cim LLC Purchases 60 Shares of Arista Networks Inc (NYSE: ANET)

Cim LLC raised its position in shares of Arista Networks Inc (NYSE: ANET) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,489 shares of the technology company’s stock after purchasing an additional 60 shares during the period.

10-May-2020:-  Oppenheimer Equities Analysts Reduce Earnings Estimates for Arista Networks Inc (NYSE: ANET) – Modern Readers

Arista Networks Inc (NYSE: ANET) – Oppenheimer cut their Q2 2020 earnings per share estimates for shares of Arista Networks in a report issued on Tuesday, May 5th. Oppenheimer analyst I. Kidron now forecasts that the technology company will post earnings of $1.64 per share for the quarter, down from their previous forecast of $1.67.

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