Arista Networks Inc (ANET) EPS Estimated At $1.03

October 14, 2017 - By Dolores Ford

 Arista Networks Inc (ANET) EPS Estimated At $1.03

Analysts await Arista Networks Inc (NYSE:ANET) to report earnings on November, 2. They expect $1.03 EPS, up 49.28 % or $0.34 from last year’s $0.69 per share. ANET’s profit will be $74.69M for 46.39 P/E if the $1.03 EPS becomes a reality. After $1.10 actual EPS reported by Arista Networks Inc for the previous quarter, Wall Street now forecasts -6.36 % negative EPS growth. The stock decreased 0.03% or $0.05 during the last trading session, reaching $191.14. About 620,598 shares traded. Arista Networks Inc (NYSE:ANET) has risen 111.25% since October 14, 2016 and is uptrending. It has outperformed by 94.55% the S&P500.

Arista Networks Inc (NYSE:ANET) Ratings Coverage

Among 30 analysts covering Arista Networks (NYSE:ANET), 16 have Buy rating, 0 Sell and 14 Hold. Therefore 53% are positive. Arista Networks had 89 analyst reports since July 29, 2015 according to SRatingsIntel. Stifel Nicolaus reinitiated Arista Networks Inc (NYSE:ANET) rating on Friday, November 18. Stifel Nicolaus has “Buy” rating and $102 target. The rating was upgraded by Jefferies on Friday, February 17 to “Hold”. On Monday, August 7 the stock rating was maintained by Instinet with “Neutral”. The firm has “Neutral” rating given on Friday, August 26 by Citigroup. On Monday, December 5 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. On Friday, July 21 the stock rating was maintained by Wells Fargo with “Buy”. The firm earned “Overweight” rating on Wednesday, September 20 by Morgan Stanley. Bank of America upgraded Arista Networks Inc (NYSE:ANET) on Tuesday, November 22 to “Neutral” rating. The stock of Arista Networks Inc (NYSE:ANET) has “Hold” rating given on Friday, May 26 by Credit Suisse. The stock has “Neutral” rating by M Partners on Monday, September 19.

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. The company has market cap of $13.86 billion. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software. It has a 49.84 P/E ratio. The Company’s cloud networking solutions consist of its Extensible Operating System , a set of network applications and its Ethernet switching and routing platforms.

More important recent Arista Networks Inc (NYSE:ANET) news were published by: Seekingalpha.com which released: “Arista Networks: A Buy For Long-Term Investors” on September 19, 2017, also Seekingalpha.com published article titled: “Arista Networks: A Modern David-And-Goliath Story”, Investorplace.com published: “Arista Networks Inc (ANET) Stock Is an Unstoppable Growth Machine” on October 05, 2017. More interesting news about Arista Networks Inc (NYSE:ANET) was released by: Nasdaq.com and their article: “Commit To Purchase Arista Networks At $130, Earn 7.1% Using Options” with publication date: September 14, 2017.

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