Arista Networks Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Arista Networks (NYSE:ANET) has seen unusual options activity, with a large bearish position appearing on publicly available options history. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. The price of ANET is down -1.78% at $182.31. Goldman Sachs, Wells Fargo, Exane BNP Paribas, Barclays, and JMP Securities have maintained their ratings on Arista Networks, with price targets ranging from $200 to $225.
August 04, 2023 | 11:32 am
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Arista Networks has seen unusual options activity, with a large bearish position. The price of ANET is down -1.78% at $182.31. Analysts have maintained their ratings, with price targets ranging from $200 to $225.
The unusual options activity, particularly the large bearish position, indicates that some investors expect the stock price to decrease. This, combined with the current price decrease of -1.78%, could potentially impact the stock negatively in the short term. However, the maintained ratings and price targets from analysts suggest a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100