EPS for Arista Networks Inc (ANET) Expected At $1.03

October 7, 2017 - By Clifton Ray

 EPS for Arista Networks Inc (ANET) Expected At $1.03

Wall Street await Arista Networks Inc (NYSE:ANET) to release earnings on November, 2. Analysts forecast EPS of $1.03, up exactly $0.34 or 49.28 % from 2014’s $0.69 EPS. The expected ANET’s profit could reach $75.70M giving the stock 46.83 P/E in the case that $1.03 earnings per share is reported. After posting $1.10 EPS for the previous quarter, Arista Networks Inc’s analysts now forecast -6.36 % negative EPS growth. The stock increased 1.39% or $2.64 on October 6, reaching $192.93. About 722,226 shares traded or 12.96% up from the average. Arista Networks Inc (NYSE:ANET) has risen 111.25% since October 8, 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 88 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by UBS with “Neutral” on Friday, August 5. Wells Fargo maintained the stock with “Buy” rating in Friday, July 21 report. Credit Suisse maintained the shares of ANET in report on Friday, July 21 with “Hold” rating. The stock of Arista Networks Inc (NYSE:ANET) has “Equal-Weight” rating given on Monday, December 5 by Morgan Stanley. KeyBanc Capital Markets maintained it with “Buy” rating and $200.0 target in Thursday, September 28 report. The company was maintained on Friday, February 17 by Stifel Nicolaus. On Thursday, September 28 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The firm earned “Neutral” rating on Friday, April 7 by Nomura. The stock of Arista Networks Inc (NYSE:ANET) has “Buy” rating given on Friday, February 17 by Needham. J.P. Morgan upgraded the shares of ANET in report on Friday, August 4 to “Buy” rating.

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 $14.18 billion. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software. It has a 50.31 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 notable recent Arista Networks Inc (NYSE:ANET) news were published by: Globenewswire.com which released: “Asure Appoints Former Calix, Arista Networks, and Amazon International CFO …” on September 25, 2017, also Investorplace.com with their article: “Arista Networks Inc (ANET) Stock Is an Unstoppable Growth Machine” published on October 05, 2017, Seekingalpha.com published: “Arista Networks: A Modern David-And-Goliath Story” on October 02, 2017. More interesting news about Arista Networks Inc (NYSE:ANET) were released by: Fool.com and their article: “Why Arista Networks Inc. Stock Rose 18% in August” published on September 13, 2017 as well as Seekingalpha.com‘s news article titled: “Arista Networks: A Buy For Long-Term Investors” with publication date: September 19, 2017.

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