Arista Networks Inc. stock underperforms Wednesday when compared to competitors
Shares of Arista Networks Inc. slid 6.16% to $109.64 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.27% to 6,051.97 and Dow Jones Industrial Average falling 0.
Why Arista Networks Stock Was Down Today
Shares of Arista Networks ( ANET -6.16%) sank lower on Monday. The company's stock lost 3.2% by the end of the trading day, but it was down as much as 5.6% earlier in the day. The loss comes as the S&P 500 finished down 0.8% and the Nasdaq Composite lost 1.2%.
What Are Wall Street Analysts' Target Price for Arista Networks Stock?
Arista Networks, Inc. (ANET), valued at a market cap of $149.2 billion, is a leading provider of networking solutions specializing in high-performance, software-driven cloud networking for large-scale data centers,
Arista Networks Inc. stock outperforms competitors despite losses on the day
Arista Networks Inc. closed 19.99% short of its 52-week high of $133.58, which the company reached on January 24th.
JPMorgan raises Arista Networks stock target to $140 on Cloud capex
JPMorgan maintained an Overweight rating on Arista Networks (NYSE:ANET) and increased the price target to $140 from the previous $115. The adjustment comes amid growing confidence in Arista's role as a key beneficiary of the ongoing investment cycle in cloud capital expenditures (capex).
Arista Networks (ANET) Laps the Stock Market: Here's Why
Arista Networks (ANET) ended the recent trading session at $120.23, demonstrating a +1.49% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.67% for the day.
Arista Networks Inc. stock underperforms Monday when compared to competitors
Arista Networks Inc. closed 24.91% below its 52-week high of $133.58, which the company reached on January 24th.
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Arista Networks Inc ANET
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