Resistance

Million

Simply

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Arista Networks stock price trades above the 50, and 100-day daily moving averages.</a> </li> 
 <li> <span>2</span> <a>The year-to-date return of Arista Networks Inc. is 50.38% while the three-month return is 20.34%</a> </li> 
 <li> <span>3</span> <a>Arista Networks Inc. (NYSE: ANET) stock’s 52-week price range is around $89.12 – $198.70.</a> </li> 
</ul> 
<p>ANET is a company that sells cloud networking solutions in different regions of the world. The ANET stock has been increasing since June 2022, even before 2023 started, and it has shown that the buyers are in control. It is also clear that the buyers have been buying more of this stock every time there was a quarter report in the past sessions and the stock price has been rising.</p> 
<p>According to the price action, the ANET stock looks like it is going to go up a lot soon. The buyers are very interested in this stock and they don’t want to let it go down.</p> 
<p>ANET stock was $184.83 in the last session and it went down by 0.64%. The trading volume of ANET was also lower than the average of the last 10 days. The market value of the company is $57.22 Billion and there are 251.706 Million shares available. The analysts think that this stock is a good “buy” and they have a target price of $230 for the next year which means they expect the stock price to go up.</p> 
<p>The ANET stock is still in an uptrend and it is above the important moving averages on the daily charts. This means that the stock is strong and the buyers are in charge. The ANET stock has been going up since June 2022 and it has not broken the trend.</p> 
<p>The company had good results in Q2 2023. The revenue was $1.459 Billion and the net income was $491.88 Million. The earnings per share (EPS) was 1.58, which was higher than what the analysts expected by 9.90%. The EPS for the next quarter is also expected to be positive at 1.58.</p> 
<p>The biggest shareholder of Arista Networks (ANET) stock is Andreas Bechtolsheim, who is also the chairman of the board and the co-founder of the company. He owns almost 15% of the company, which is worth about $9.1 Billion. He has 45,910,474 shares of ANET stock. The second biggest shareholder is the Vanguard Group, Inc., which owns about 9% of the company, which is worth $5.5 Billion. They have 27,814,624 shares of ANET stock. According to Simply Wall St., none of the shareholders have sold any shares of ANET stock since the last year.</p> 
<h2 class="wp-block-heading" id="strong-anet-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>ANET Stock Price Technical Analysis in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="566" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-607-1024x566.png" alt="ANET Stock Forecast: Will (NYSE: ANET) Price Cross $200 Soon?" class="wp-image-169802" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-607-1024x566.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-607-300x166.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-607-768x424.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-607-750x414.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-607-1140x630.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-607.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: ANET.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div> 
<p>ANET stock price has been going up since June 2020 and it reached a high of $198 on September 1st, 2023. The stock price was very cheap at $90 and many buyers bought it at that price. The stock price did not go up in a straight line, but it bounced off the Fibonacci levels of 78.60%, 61.80%, 38.20%, and 23.60%.</p> 
<p>The current price is $184 (at press time), and it seems that the buyers are interested in this stock before every quarter report. The stock price might go up more and reach the next resistance level of $190 and the yearly high of $198.</p> 
<p>But if the price goes down below the $181 support level, it might go down to $175 or even lower.</p> 
<p>The ANET stock is trading above the 50 and 100-day EMA, which are moving averages that show the trend direction. The RSI is at around 48, which means that the <a href="https://www.thecoinrepublic.com/2023/09/02/anet-stock-forecast-is-nyse-anet-price-competent-to-bag-more/" target="_blank" rel="noreferrer noopener">stock</a> is neither overbought nor oversold. The MACD is showing a bearish cross, which means that the momentum is slowing down.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Arista Networks Inc. (NYSE: ANET) stock price suggests that the investors and traders are neutral to bullish over the daily timeframe on the charts. Technical parameters for <a href="https://www.thecoinrepublic.com/2023/09/02/anet-stock-forecast-is-nyse-anet-price-competent-to-bag-more/" target="_blank" rel="noreferrer noopener">ANET</a> also support neutral to bullish momentum. However, ANET stock price is unclear on the 1-D timeframe as indicators are giving mixed signals.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support levels</strong>: $181 and $175</p> 
<p><strong>Resistance levels</strong>: $190 and $198</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

ANET Stock Forecast: Will (NYSE: ANET) Price Cross $200 Soon?

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