Imagine if you had invested $1000 in Arista Networks (NYSE: ANET) five years ago. Today, your investment would be worth $3,738.31, with an impressive average annual return of 29.96%.
Arista Networks has been on a winning streak, with compound earnings per share growth of 47% per year over the past three years. Their return on capital employed (ROCE) is a stellar 29%, far surpassing the industry average of 8.2%.
In the last twelve months alone, Arista Networks has delivered a total shareholder return of 97%, and over the past five years, that number jumps to a remarkable 328%. This track record demonstrates the company’s ability to grow its capital at profitable rates, making it a compelling investment opportunity.
As of March 12, 2024, Arista Networks continues to shine as a standout performer in the market.
ANET Stock Shows Strong Performance on March 12, 2024: Trading Near 52-Week High and Above 200-Day Moving Average
On March 12, 2024, ANET stock showed strong performance as it traded near the top of its 52-week range and above its 200-day simple moving average. This indicated positive price momentum for the stock, suggesting that investors were optimistic about its future prospects.
Throughout the trading day, ANET shares saw a significant increase in price, rising by $5.34 or 1.97% since the market last closed. The stock opened at $272.04, which was $1.02 higher than its previous close. This opening price signaled a bullish start to the day, with investors showing confidence in the stock’s potential for growth.
ANET’s strong performance on March 12th can be attributed to a variety of factors, including positive market sentiment, company news, and overall market conditions. Investors may have been encouraged by the stock’s upward momentum and its ability to outperform the broader market.
ANET Stock Soars on Impressive Financial Results for 2023
On March 12, 2024, ANET stock had a strong performance as the company reported impressive financial results for the past year. According to data from CNN Money, ANET’s total revenue for the year stood at $5.86 billion, marking a 33.75% increase from the previous year. ANET’s net income showed significant growth, with the company reporting a net income of $2.09 billion for the year, a 54.34% increase from the previous year. Earnings per share (EPS) also saw a substantial increase, with ANET reporting an EPS of $6.58 for the year, a 54.01% increase from the previous year. Overall, ANET’s strong financial performance for the year indicates that the company is on a solid growth trajectory. Investors may view these results positively, as they demonstrate the company’s ability to generate strong revenue and profitability. ANET’s stock performance on March 12, 2024, likely reflected this positive sentiment, with the stock potentially seeing gains as a result of the impressive financial results.
