A Closer Look at Arista Networks's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Arista Networks (NYSE:ANET), as revealed by Benzinga's tracking of public options records. The analysis of 14 extraordinary options activities indicates a divided mood among investors, with a significant lean towards bearishness. The options trading suggests a targeted price range for ANET between $200.0 and $300.0. The company, a provider of networking equipment, counts Microsoft and Meta Platforms among its largest customers. The current trading volume is 903,669, with ANET's price slightly down by -0.48%, and an earnings announcement is expected in 47 days.
March 13, 2024 | 5:15 pm
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Arista Networks has seen a bearish sentiment from investors according to options trading data, with a significant amount of activity suggesting a price target range of $200-$300. The company's stock is slightly down, and an earnings announcement is expected soon.
The bearish sentiment among investors, as indicated by the options trading data, suggests a potential downward pressure on ANET's stock price in the short term. The anticipation of the earnings announcement could further influence the stock's performance, making this information highly relevant and important for investors.
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