Valued at $235 billion, Arista Networks Inc. (ANET) is engaged in providing cloud networking solutions for data centers and cloud computing environments. The Trend Seeker issued a new “Buy” signal on June 1. Since then, the stock has gained 10.3%, observes Jim Van Meerten, analyst at Barchart.
Arista Networks scored an all-time high of $189.82 on July 9. It has a Weighted Alpha of +70.3. It has a 100% “Buy” opinion from Barchart, a 60-month beta of 1.6, and it recently traded at $187.59 with a 50-day moving average of $160.71.
Arista Networks Inc. (ANET)
The Relative Strength Index (RSI) is at 62.91. There’s also a technical support level around $183.77.
Revenue is projected to grow 28.7% this year and another 23.6% next year. Earnings are estimated to increase 21.7% this year and an additional 22.8% next year. The Wall Street analysts followed by Barchart give the stock 21 “Strong Buy,” three “Moderate Buy,” and two “Hold” opinions, with price targets between $156 and $210.
Value Line rates the stock “Above Average” with price targets from $112 to $282. CFRA’s MarketScope rates the stock a “Strong Buy.” This stock has a large following and the low short interest implies the smart money isn’t betting against it.
