Arista Networks’ returns
Shares of hardware networking company Arista Networks have lost almost a quarter of their value since April 2019. Despite the recent pullback, Arista stock has gained over 12.0% since the start of 2019.
The stock has created significant investor wealth over the years. It’s returned 231.0% in the last three years and 246.0% in the last five years, easily outperforming its peers as well as the broader market. ANET stock is currently trading 26.0% above its 52-week low of $187.08 and 29.0% below its 52-week high of $331.27.
The SPDR S&P 500 (SPY) has generated a return of 16.3% YTD (year-to-date). SPY has also gained 5.8% in the last 12 months, 47.1% in the last three years, and 64.5% in the last five years.
The Invesco QQQ Trust, Series 1 ETF (QQQ) has generated a return of 18.6% YTD. QQQ has gained 3.7% in the last 12 months, 73.8% in the last three years, and 107.8% in the last five years.
What do the technical indicators suggest?
ANET stock is trading at $236.08 per share, which means that it’s trading at the following levels:
- 13.9% below its 100-day moving average of $274.11
- 15.6% below its 50-day moving average of $279.83
- 5.2% below its 20-day moving average of $249.16
RSI and MACD
ANET has a MACD (moving average convergence divergence) score of -7.33. A stock’s MACD marks the difference between its short-term and long-term moving averages. ANET’s negative MACD score indicates a downward trading trend.
ANET stock has a 14-day RSI (relative strength index) score of 35, which shows that its stock is trading very close to oversold territory. An RSI score of above 70 indicates that a stock is overbought, while an RSI score of below 30 indicates that a stock is oversold.