Large Outflow of Money Witnessed in Arista Networks

Arista Networks (ANET) : Money flow in the Arista Networks (ANET) stock was negative (0.66 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $0.08 million, compared to $0.74 million on downticks. The total uptick to downtick ratio was 0.11, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0 million, indicating persistent selling. Arista Networks (ANET) traded $0.02 higher at $86.34 gaining 0.02% over the previous days close.


Shares of Arista Networks, Inc. rose by 2.38% in the last five trading days and 7.51% for the last 4 weeks. Arista Networks, Inc. is up 34.5% in the last 3-month period. Year-to-Date the stock performance stands at 10.17%.

Arista Networks (ANET) : 7 brokerage houses believe that Arista Networks (ANET) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Arista Networks (ANET). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 15 Wall Street Analysts endorse the stock as a Buy with a rating of 2.2.

Arista Networks (NYSE:ANET): stock was range-bound between the intraday low of $85.14 and the intraday high of $86.35 after having opened at $85.88 on Wednesdays session. The stock finally closed in the red at $85.88, a loss of -0.65%. The stock remained in the red for the whole trading day. The total traded volume was 792,631 shares. The stock failed to cross $86.35 in Wednesdays trading. The stocks closing price on Thursday was $86.32.

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.

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