Looking At Arista Networks's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Arista Networks (NYSE:ANET) has seen significant unusual options activity, with a bearish sentiment from financial giants despite 40% of traders being bullish. The options trades suggest a price range of $190.0 to $360.0 for ANET. The company, a provider of networking equipment, counts Microsoft and Meta Platforms among its largest customers. Recent trading volume shows ANET's price up by 0.86% at $269.97. Analysts have set an average target price of $320.6, with ratings ranging from Buy to Market Outperform.
February 26, 2024 | 8:45 pm
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Arista Networks has experienced unusual options activity indicating a bearish sentiment, yet analysts remain optimistic with a target price of $320.6. The company's stock is currently up, trading at $269.97.
The unusual options activity, with a bearish sentiment from financial giants, contrasts with the bullish stance from analysts and the current positive stock price movement. This discrepancy suggests that while there may be short-term volatility due to the options activity, the long-term outlook remains positive, as reflected in the analyst ratings and target prices.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100