Arista Networks (ANET) Catches Eye: Stock Jumps 9.2%

Arista Networks, Inc. ANET was a big mover last session, as the company saw its shares rise more than 9% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $255.73 to $282.61 in the past one-month time frame.

The move came after the announcement that the company would join the S&P 500 index.

The company has seen a mixed track record when it comes to estimate revisions of six increases and four decreases over the past month, while the Zacks Consensus Estimate has moved higher over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Arista Networks currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

Arista Networks, Inc. Price

Arista Networks, Inc. Price | Arista Networks, Inc. Quote

A better-ranked stock in the Communication - Components industry is Plantronics, Inc. PLT, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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