Arista Networks (ANET) : $0.98 million worth of transactions were on upticks in Arista Networks (ANET), compared to $0.44 million on downticks. The ratio between the two was 2.24, whereas, the net money flow stood at a healthy $0.54 million on Thursdays session. The consistent buying on upticks in the stock accounted for $0.1million worth of trades. The total money flow into the stock stood at $0.1 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.51%. The stock was trading at $69.9, with a drop of $0.36 over the previous days close. The stock recorded 3.2% for the week.
The stock has recorded a 20-day Moving Average of 2.84% and the 50-Day Moving Average is 0.9%. Shares have dropped -14.41% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $88.25 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $70.47 and the 200 Day Moving Average price is recorded at $65.78.
Arista Networks (NYSE:ANET): The stock opened at $70.49 on Thursday but the bulls could not build on the opening and the stock topped out at $70.77 for the day. The stock traded down to $69.12 during the day, due to lack of any buying support eventually closed down at $70.00 with a loss of -0.37% for the day. The stock had closed at $70.26 on the previous day. The total traded volume was 606,155 shares.
In an insider trading activity, Smith Mark Stephen, officer (Sr. VP, Worldwide Sales) of Arista Networks, Inc., unloaded 5,000 shares at an average price of $73.08 on June 15, 2016. The total amount of the transaction was worth $365,400, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Arista Networks, Inc. is a supplier of cloud networking solutions that use software to address the needs Internet companies, cloud service providers and next-generation data centers for enterprises. The Companys cloud networking solutions consist of its Extensible Operating System (EOS) a set of network applications and its 10/40/100 Gigabit Ethernet switches. The Company offers range of product lines of data center 10/40/100 Gigabit Ethernet switches in the industry, which consist of its 7050 Series and 7150 Series top-of-rack switches, 72XX/7300 X Series SPLINE switches and its 7280 and 7500 E Series spine switches. EOS supports cloud and virtualization solutions, including VMware NSX, Microsoft System Center, OpenStack and other cloud management frameworks. The Company also offers EOS+, a software platform for network programmability and automation.