(VIANEWS) – Shares of Arista Networks (NYSE: ANET) dropped by a staggering 13.6% to $138.38 at 11:28 EST on Tuesday, following the last session’s downward trend. NYSE is falling 1.91% to $15,238.92, following the last session’s downward trend. This seems, at the moment, an all-around bearish trend trading session today.
Arista Networks’s last close was $160.16, 6.58% below its 52-week high of $171.44.
About Arista Networks
Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.
Earnings Per Share
As for profitability, Arista Networks has a trailing twelve months EPS of $4.36.
PE Ratio
Arista Networks has a trailing twelve months price to earnings ratio of 31.74. Meaning, the purchaser of the share is investing $31.74 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 30.51%.
Yearly Top and Bottom Value
Arista Networks’s stock is valued at $138.38 at 11:28 EST, way under its 52-week high of $171.44 and way higher than its 52-week low of $89.11.
Volume
Today’s last reported volume for Arista Networks is 8058446 which is 212.52% above its average volume of 2578490.
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