Million

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>ANET stock price’s current revenue increased from last quarter’s revenue and 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 $89 – $198.</a></li>
</ul>
<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 ANET debt-to-assets ratio is at 28.44%.</p>
<p>The ANET 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 ANET reported revenue exceeded analysts’ estimates by $81.093 Million (5.89%).</p>
<p>Furthermore, the ANET stock reported an EPS of $1.58 for the period ending June 2023, beating the analysts’ estimate of $1.438 by 9.90%. The ANET 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>
<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>The current market price of ANET stock is $189.85, which is 1.64% lower than the previous close. The average trading volume of ANET stock for the past 10 days is 1.679 Million shares, and the current trading volume is 1.274 Million shares. The number of shares available for trading in the market is 251.71 Million, and the total market value of ANET stock is $58.774 Billion.</p>
<p>Arista Networks Inc. (NYSE: ANET) stock price started rising upwards from the $89 support level in June 2022. It reached a high of $198.70 on September 11th, 2023, by making an uptrend.&nbsp;</p>
<p>However, the price faced correction and fell to form a support at $176 and gave an uptrend but this uptrend was violated in the last couple of days, and the ANET stock price faced resistance around the yearly highs.</p>
<p>Therefore, if the <a href="https://www.thecoinrepublic.com/2023/10/07/anet-stock-forecast-will-nyse-anet-jump-200-price-soon/" rel="noopener noreferrer nofollow">Arista Networks</a> Inc. stock manages to gain strong buying momentum and rises above the previous swing high points, it may probably make new highs. The probable hurdle levels are between $196 and $200.</p>
<p>Alternatively, if the ANET stock faces resistance again and continues to fall and breaks below $182, it could fall up to $177.</p>
<p>At the time of publishing, the price of <a href="https://www.thecoinrepublic.com/2023/10/07/anet-stock-forecast-will-nyse-anet-jump-200-price-soon/" rel="noopener noreferrer nofollow">Arista Networks</a> Inc. (NYSE: ANET) was trading above major 20, and 50 EMA’s.&nbsp;</p>
<p>The MACD indicates a bullish cross in the MACD tool. The RSI is at 53. The indicators in the ANET stock show bullish signs on the charts.</p>
<p>In addition, ANET stock has a positive rating and is a strong “buy” based on 26 analysts who have reviewed the stock in the last three months. The 20 analysts who have given their 1-year price estimates for ANET stock have a wide range of targets between $160.00 to $230.00.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh5.googleusercontent.com/KCBYh0oym2HakLtZgaOAKHXAugwEvSZhlbfdPQH5w2-6QfQFxYslWyOltniLcQthj_LWoZ0h6btmZkM5JS5eoH4gICiUKLls1uaQb-W9EGAYQpG86-ugPaYuf6Fa8dXK_NPSxsgpvdYR0SiM0cjzIug" alt="ANET Stock Forecast: Can (NYSE: ANET) Make New Highs By December?">
  <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" src="https://lh5.googleusercontent.com/L6iYNFcKZYpzHZvj96HhZG2tqj-Y7FMZLDjzN8GMbi6_w-GblPTrYBwJyOGbmIvu4dUo08f3udTcIblbN7C_TjdfE11anpCvtyt6QfTgq77HT9WOzEvZDsW_3osAoXlq28JM_rCgzqrR1RdBZiZ4PNc" alt="ANET Stock Forecast: Can (NYSE: ANET) Make New Highs By December?">
  <figcaption class="wp-element-caption">
   Source: ANET.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div>
<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 share price are bullish and positive on the 1-D timeframe, based on 26 analysts who have reviewed the stock in the last three months. The price action shows higher highs and lows formation that show signs of a bullish outlook at the time of publishing. The crucial technical analysis tools of the Arista stock price highlight upward signals and support bullishness.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $182 and $177</p>
<p><strong>Resistance Levels</strong>: $196 and $200</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<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: Can (NYSE: ANET) Make New Highs By December?

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