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.

Arista Networks Stock Has Fallen Almost 25.0% since April

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.

Latest articles

Investors have been holding their breath for a Fed rate cut for a while now. But are they prepared in the event that that doesn't happen?

Innovative Industrial Properties (IIPR) continued to slump on July 22. The stock lost almost 6.8% of its value on the day.

22 Jul

Why AT&T Stock Is Down 2.2% Today

WRITTEN BY Ambrish Shah

AT&T stock (T) was trading at $32.14 with a 2.0% loss for the day. Earlier today, it posted a low of $32.08. Is the stock overvalued right now?

The Walt Disney Company’s (DIS) superhero film Avengers: Endgame has finally surpassed the record set by James Cameron’s Avatar.

22 Jul

Why Durect Corporation Is Soaring Today

WRITTEN BY Margaret Patrick

On July 22, Durect Corporation (DRRX) entered into a collaboration with HIV leader Gilead Sciences (GILD).

Pure Alpha, the flagship fund of Ray Dalio’s Bridgewater Associates, fell 4.9% in the first half, the Financial Times reported.