Large Outflow of Money Witnessed in Arista Networks

Arista Networks (ANET) : Net money flow in Arista Networks (ANET) was negative ($6.26 million) and the inflow of money on uptick was $9.29 million, whereas, the outflow of money on downticks amounted to $15.54 million on Monday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.6. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $7.9 million. The money flow in block trades was negative ($7.9). Arista Networks (ANET) gained $1.39 cent during the day and reached $71.38, a gain of 1.99% over the previous day.


Arista Networks, Inc. is up 11.74% in the last 3-month period. Year-to-Date the stock performance stands at -8.3%. Shares of Arista Networks, Inc. appreciated by 2.26% during the last five trading days but lost 1.56% on a 4-week basis. In a related news, The Securities and Exchange Commission has divulged that Duda Kenneth, officer (CTO and SVP Software Eng.) of Arista Networks, Inc., had unloaded 15,150 shares at an average price of $67.42 in a transaction dated on July 8, 2016. The total value of the transaction was worth $1,021,413.

Arista Networks (NYSE:ANET): stock turned positive on Monday. Though the stock opened at $70.23, the bulls momentum made the stock top out at $71.55 level for the day. The stock recorded a low of $70.12 and closed the trading day at $71.38, in the green by 1.99%. The total traded volume for the day was 778,383. The stock had closed at $69.99 in the previous days trading.

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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