Overall market sentiment has been down on Arista Networks Inc (ANET) stock lately. ANET receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With ANET Stock Today?
Arista Networks Inc (ANET) stock is down -0.92% while the S&P 500 is higher by 0.92% as of 10:48 AM on Friday, Oct 30. ANET is lower by -$1.87 from the previous closing price of $203.16 on volume of 561,298 shares. Over the past year the S&P 500 is up 8.34% while ANET is lower by -18.26%. ANET earned $9.39 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 21.47.
To see the top 5 stocks in the Computer Hardware industry click here.
More About Arista Networks Inc
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.
Click Here to get the full Stock Score Report on Arista Networks Inc (ANET) Stock.
