Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Arista Networks Inc before investing.

In this article, we go over a few key elements for understanding Arista Networks Inc’s stock price such as:

• Arista Networks Inc’s current stock price and volume
• Why Arista Networks Inc’s stock price changed recently
• Upgrades and downgrades for ANET from analysts
• ANET’s stock price momentum as measured by its relative strength

About Arista Networks Inc (ANET)

Before we jump into Arista Networks Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Arista Networks, Inc. (Arista’s) is a provider of data-driven, client to cloud networking for large data center, campus and routing environments. The Company’s platforms deliver availability, agility, automation, analytics and security through an advanced network operating stack. Its portfolio of offerings includes three product categories: Core, Cognitive Adjacencies and Network Software and Services. Its Core product categories consist of high-speed Data Center and Cloud Networking systems, including newer artificial intelligence Ethernet switching platforms. Its Cognitive Adjacencies consists of campus wired and wireless products and advanced routing systems addressing Core Routing, Edge Routing, Multi-cloud and Wide Area Networking use cases. Its Network Software and Services consist of a suite of value-add software solutions that leverage Arista’s Extensible Operating System (EOS) to provide advanced end-to-end orchestration, automation, analytics, network monitoring and security.

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Arista Networks Inc’s Stock Price as of Market Close

As of March 18, 2024, 4:00 PM, CST, Arista Networks Inc’s stock price was $289.32.

Arista Networks Inc is up 4.17% from its previous closing price of $277.73.

During the last market session, Arista Networks Inc’s stock traded between $276.08 and $281.81. Currently, there are 311.61 million shares of Arista Networks Inc stock available for purchase.

Arista Networks Inc’s price-earnings (P/E) ratio is currently at 42.2, which is high compared to the Communications & Networking industry median of 22.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Arista Networks Inc Stock Price History

Arista Networks Inc’s (ANET) price is currently up 4.24% so far this month.

During the month of March, Arista Networks Inc’s stock price has reached a high of $291.29 and a low of $263.60.

Over the last year, Arista Networks Inc has hit prices as high as $292.66 and as low as $131.68. Year to date, Arista Networks Inc’s stock is up 138.42%.

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What Caused Arista Networks Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 15, 2024, there were 2 analysts who downgraded Arista Networks Inc’s stock and 18 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Arista Networks Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Arista Networks Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Arista Networks Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Arista Networks Inc (ANET) by visiting AAII Stock Evaluator.

Relative Price Strength of Arista Networks Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 15, 2024, Arista Networks Inc has a weighted four-quarter relative price strength of 8.46%, which translates to a Momentum Score of 86 and is considered to be Very Strong.

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Arista Networks Inc Stock Price: Bottom Line

As of March 18, 2024, Arista Networks Inc’s stock price is $289.32, which is up 4.17% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Arista Networks Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.