The
Arista Networks Inc (ANET) trading performance has been on a rollercoaster, with stock fluctuating between being down 1.4% to surging 9.4% and then declining 17% over the past week. Despite recent falls, majority still consider it a
solid investment pick. Varying investor sentiments have poured in, market volatility continuing, and a downgraded price target to $73.00 have been noted by
Morgan Stanley. The company has seen significant stake boosts by organizations like
Fmr LLC and
Bank of Nova Scotia. A new buy rating by some analysts suggests strong potential. The stock has faced a particularly downwards shift after a
board member change and indications of insider selling. Its expansion of the board with Intel's CTO and advancements in
AI have raised eyebrows. Despite its occasional dips, large investments such as those by
Andrew Hill Investment Advisors Inc. and
Bell Asset Management Ltd highlight institutional faith in ANET. However, the US$11b and US$12b market cap drops are likely to prompt institutional owners to drastic actions.
Jim Cramer has expressed confidence in Arista's potential to bounce back, despite competitiveness in the market.
Arista Networks ANET News Analytics from Thu, 13 Feb 2025 08:00:00 GMT to Sat, 12 Apr 2025 18:06:21 GMT -
Rating 2
- Innovation -3
- Information 5
- Rumor -4
