Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>ANET stock price trades above the major 20, and 50-day daily moving averages.</a> </li> 
 <li> <span>2</span> <a>Arista Networks Inc. (NYSE: ANET) stock’s 52-week price range is between $98.20 – $198.70.</a> </li> 
</ul> 
<p>The ANET stock has a CMP of $194.02 and an intraday gain of 3.19%. The stock’s average volume for the last 10 days is 1.649 Million and its current volume is 2.041 Million. The ANET stock has a float of 251.708 Million shares and a market cap of $60.065 Billion.</p> 
<p>ANET stock’s latest quarterly balance sheet for the period ending June 2023 reported total assets of $8.19 Billion and total liabilities of $2.33 Billion. The debt-to-assets ratio is at 28.44%, which is a good signal as it is below moderate and signals healthy financial and fundamental traits.</p> 
<p>The ANET stock’s latest quarterly earnings report for the period ending June 2023, displayed a revenue of $1.46 Billion, with a net income of $491.88 Million, and a gain in profit margin from the last quarter of 33.72%. This quarter, the reported revenue exceeded analysts’ estimates by $81.093 Million (5.89%).&nbsp;</p> 
<p>Also, the stock reported an EPS of $1.58 for the period ending June 2023, beating the analysts’ estimate of $1.438 by 9.90%. The next quarter’s revenue is estimated to be $1.48 Billion and the estimated EPS to be $1.58. The report will be released on October 30th, 2023.</p> 
<p>ANET does not offer any dividends to its shareholders and it has never done so in the past. It seems unlikely that ANET will pay any dividends in the future either. This means that the shareholders do not get any regular income from the ANET stock and this should have reduced the attractiveness of the stock for the investors. However, the investors trust the stock leading to the price surge from last year.</p> 
<p>Moreover, the stock ratings for the stock are positive and highly recommended based on 26 analysts who have evaluated the stock in the last three months. The 1-year price forecasts for the stock by 20 analysts range between $160 to $230.</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> 
<p>At the time of publishing, the major EMAs in Arista Networks Inc. (NYSE: ANET) are bullish. The MACD shows a bullish cross on the charts and RSI is at 62 taking support from 14 SMA.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="989" height="557" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-183.png" alt="ANET Stock Forecast: Will (NYSE: ANET) Jump $200 Price Soon?" class="wp-image-174125" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-183.png 989w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-183-300x169.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-183-768x433.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-183-750x422.png 750w" sizes="(max-width: 989px) 100vw, 989px">
  <figcaption class="wp-element-caption">
   Source: ANET.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1141" height="626" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-182.png" alt="ANET Stock Forecast: Will (NYSE: ANET) Jump $200 Price Soon?" class="wp-image-174124" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-182.png 1141w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-182-300x165.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-182-1024x562.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-182-768x421.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-182-750x411.png 750w" sizes="(max-width: 1141px) 100vw, 1141px">
  <figcaption class="wp-element-caption">
   Source: ANET.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div> 
<p>The ANET price surged from $98 on the charts in the year 2022 and reached a high of $198.The ANET stock’s journey had some setbacks but it overcame and showed wonderful performance by rising upwards.</p> 
<p>Therefore, if <a href="https://www.thecoinrepublic.com/2023/09/20/anet-stock-forecast-will-nyse-anet-price-cross-200-soon/" target="_blank" rel="noreferrer noopener">Arista</a> Network stock manages to gain strong buying momentum and surges above the swing high, it can trigger a rally and the probable resistance levels are $198 and $200.</p> 
<p>Alternatively, if the stock continues to fall below and if it breaks below $190, then it could fall up to $185.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p>Arista Networks Inc. (NYSE: ANET) chart indicates that the traders and investors of the stock price are <a href="https://www.thecoinrepublic.com/2023/09/20/anet-stock-forecast-will-nyse-anet-price-cross-200-soon/" target="_blank" rel="noreferrer noopener">bullish</a> and positive on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical analysis tools of Arista Network stock price such as EMA, RSI, and MACD highlight upward signals and also support bullishness.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support levels</strong>: $190 and $185</p> 
<p><strong>Resistance levels</strong>: $198 and $200</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) Jump $200 Price Soon?

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