11/3/2024 03:27am
The 30-day price prediction for Arista Networks (ANET) is as follows:
- Current Price and Moving Averages: The closing price of ANET on November 1, 2024, was $394.171. The 30-day moving average is $395.712, indicating a recent uptrend.
- Recent Performance: The stock has experienced a -5.46% interval percentage change from October 14 to November 1, 20243. However, there has been a slight positive change of 0.03% from October 24 to November 1, 20243.
ANET Trend
- Earnings Release and Analyst Expectations: The earnings report for Q3 2024 has been released on November 7, 2024, afterhours4. The estimated EPS for this quarter is $2.08, and the estimated revenue is $1.74 billion56.
ANET
Date | Earnings Release Date | Earnings Release Time | Financial Report Period |
|---|---|---|---|
| 20231101-20241101 | 20240212 | After Market Close | 2023 Q4 |
| 20231101-20241101 | 20240507 | -- | 2024 Q1 |
| 20231101-20241101 | 20240730 | -- | 2024 Q2 |
| 20231101-20241101 | 20241107 | After Market Close | 2024 Q3 |
Name |
|---|
| Arista NetworksANET |
| Arista NetworksANET |
| Arista NetworksANET |
| Arista NetworksANET |
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Market Sentiment and Short Interest: The overall sentiment towards ANET is very positive, with a significant number of investors holding shares and a high average holding size8. Short interest has increased, which could indicate a bullish outlook as more shares are sold short9.
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Options Activity and Volatility: There has been notable options activity, with a split between bearish and bullish positions10. This suggests that investors are anticipating significant price movements, potentially due to the upcoming earnings report.
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Institutional Activity: There have been various institutional actions, including acquisitions and reductions in shares of ANET1112. These actions could influence market dynamics and price movements.
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Forecast Prices: The forecast price for ANET in the next twenty trading days ranges from $401.33 to $405.88, with a current average forecast price of $403.995.
In conclusion, the 30-day price prediction for ANET is positive, considering the recent uptrend in the moving averages, the upcoming earnings report, and the overall positive market sentiment. However, there are signs of volatility and bearish activity, which could lead to price fluctuations. Investors should monitor the stock closely, especially in the wake of the earnings report on November 7, 2024.
