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Arista Networks (ANET) Soars: Stock Adds 19.4% in Session

Zacks

Arista Networks, Inc. ANET was a big mover last session, as the company saw its shares rise over 19% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $143.46 to $158.00 in the past one-month time frame.

The move came after the company reported solid second-quarter 2017 results.

The company has not seen any estimate revisions over the past few weeks, and its Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Arista Networks currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Arista Networks, Inc. Price and Consensus

Arista Networks, Inc. Price and Consensus | Arista Networks, Inc. Quote


A better-ranked stock in the Communication – Components industry is AudioCodes Ltd. AUDC which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is ANET going up? Or down? Predict to see what others think: Up or Down

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