After Reaching Milestone, Is Arista Networks Inc (NYSE:ANET)’s Short Interest Revealing Something?

September 15, 2018 - By Ash Maslow

Arista Networks, Inc. (NYSE:ANET) Logo

The stock of Arista Networks Inc (NYSE:ANET) registered an increase of 54.58% in short interest. ANET’s total short interest was 3.53M shares in September as published by FINRA. Its up 54.58% from 2.28M shares, reported previously. With 1.97 million shares average volume, it will take short sellers 2 days to cover their ANET’s short positions. The short interest to Arista Networks Inc’s float is 6.84%.

The stock increased 0.44% or $1.19 during the last trading session, reaching $271.25. About 1.01M shares traded. Arista Networks, Inc. (NYSE:ANET) has risen 54.10% since September 15, 2017 and is uptrending. It has outperformed by 38.48% the S&P500.

Arista Networks, Inc. supplies cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company has market cap of $20.30 billion. The companyÂ’s cloud networking solutions consist of its Extensible Operating System and a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products. It has a 92.07 P/E ratio. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services.

Arista Networks, Inc. (NYSE:ANET) Ratings Coverage

Among 12 analysts covering Arista Networks (NYSE:ANET), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. Arista Networks had 17 analyst reports since March 19, 2018 according to SRatingsIntel. KeyBanc Capital Markets maintained the shares of ANET in report on Friday, May 4 with “Overweight” rating. Needham maintained Arista Networks, Inc. (NYSE:ANET) on Wednesday, June 6 with “Buy” rating. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Tuesday, September 4. The firm earned “Hold” rating on Friday, April 13 by Cleveland. The rating was maintained by JP Morgan on Monday, July 23 with “Neutral”. Citigroup maintained the shares of ANET in report on Friday, May 4 with “Buy” rating. The firm has “Overweight” rating given on Monday, July 9 by PiperJaffray. The stock has “Hold” rating by J.P. Morgan on Thursday, May 3. The rating was maintained by Needham with “Buy” on Friday, May 4. The stock of Arista Networks, Inc. (NYSE:ANET) has “Sell” rating given on Monday, March 19 by Deutsche Bank.

More important recent Arista Networks, Inc. (NYSE:ANET) news were published by: Seekingalpha.com which released: “Arista +5.1% on move to S&P 500; Ichor +6.5% as it heads to SmallCap 600” on August 23, 2018, also Investorplace.com published article titled: “7 Tech Stocks Sporting Amazon-Like Growth”, Fool.com published: “Why Arista Networks Stock Jumped Nearly 17% in August” on September 09, 2018. More interesting news about Arista Networks, Inc. (NYSE:ANET) was released by: Seekingalpha.com and their article: “Arista introduces new secure cloud networking features” with publication date: August 21, 2018.

Arista Networks, Inc. (NYSE:ANET) Ratings Chart

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