Shares of Arista Networks Inc. (NYSE:ANET) traded today at $349.95, eclipsing its 52-week high. This new high was reached on below average trading volume as 186,000 shares traded hands, while the average 30-day volume is approximately 402,000 shares.
Arista Networks is a software and hardware provider for the networking solutions sector. Operating as one business unit, software, switching, and router products are targeted for high-performance networking applications, while service revenue comes from technical support. Customer markets include data centers, enterprises, service providers, and campuses. The company is headquartered in Santa Clara, California, and generates most of its revenue in the Americas. It also sells into Europe, the Middle East, Africa, and Asia-Pacific.
Over the past year, Arista Networks Inc. has traded in a range of $192.96 to $349.95 and is now at $349.28, 81% above that low.
Based on a current price of $349.28, Arista Networks Inc. is currently 10.3% above its average consensus analyst price target of $313.21.
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