Shares of Arista Networks, Inc. (ANET) Sees Large Outflow of Money

Shares of Arista Networks, Inc. (ANET) traded 0.17 points or 0.13% higher at $128.45.The total intraday money flow for the shares came in at a disappointing $(-14.22) million. The total upticks amounted to $3.18 million and the total downticks were approximately $17.4 million, with the up/down ratio of 0.18. On a different note, the shares have seen 3.45% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $15.03 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-15.03) million.

Based on the Stock Research reports from financial advisors, there are 9 Analysts recommending as a Strong Buy, and 1 Analysts recommending as a Moderate Buy. Investors should also note that 7 Stock brokerage firms are recommending to Hold the stock for short term. Arista Networks, Inc. (NYSE:ANET) witnessed a decline in the market cap on Thursday as its shares dropped 0.89% or 1.14 points. After the session commenced at $128.84, the stock reached the higher end at $128.93 while it hit a low of $126.99. With the volume soaring to 895,925 shares, the last trade was called at $127.14. The company has a 52-week high of $128.93. The company has a market cap of $9,028 million and there are 71,011,320 shares in outstanding. The 52-week low of the share price is $55.0011.

Arista Networks, Inc. is engaged in providing cloud networking solutions for datacentre and cloud computing environments. It offers ethernet switches, pass-through cards, transceivers, cards, and enhanced operating systems, host adapter solutions and networking services. The Company serves a range of industries, including Internet companies, service providers, financial services organizations, government agencies, and media and entertainment companies. Arista Networks, Inc. is headquartered in Santa Clara, California.

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