A Closer Look at Arista Networks's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish sentiment towards Arista Networks (NYSE:ANET), as revealed by Benzinga's tracking of public options records. The options market dynamics indicate a divided sentiment, with 55% bullish and 44% bearish, focusing on a price window from $140.0 to $320.0. The largest trades include both calls and puts, with significant activity observed. Arista Networks, a provider of networking equipment, counts major companies like Microsoft and Meta Platforms among its customers. The stock is currently down -0.74% at $257.34, with analysts giving mixed ratings but a consensus target price of $295.25.
April 18, 2024 | 2:32 pm
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Arista Networks shows a bullish sentiment in the options market, with a price target consensus of $295.25 among analysts. The stock's current dip and mixed analyst ratings suggest a volatile short-term outlook.
The bullish sentiment in the options market, combined with the current price dip and the upcoming earnings release, suggests potential short-term volatility. However, the mixed analyst ratings and the significant price target range indicate uncertainty in the stock's direction.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100