Notable Runners:Arista Networks Inc (ANET), Fitbit Inc (FIT)


Arista Networks Inc(NYSE:ANET):

The company’s RSI reading has hit 47.95. The stock edged higher by 4.16% to close previous trading session at USD 60.80.

The shares of the company fluctuated in the range of USD 52.51 and USD 88.56 in the course of 52 weeks. Over the three months, the company’s shares have declined by -16.55% and in the past one year, it has lost-15.44%. Additionally, the stock’s year to date performance has declined-21.89%. Over the last five days its shares have surged by 7.55% and in the past six months it has moved down-9.09%.

Further, the company is trading at a price to earnings ratio of 36.59 and the stock is at a price to book ratio of 5.17. The stock’s weekly volatility is calculated as 4.20% and monthly volatility as 4.23% with ATR of 2.9, price to cash ratio of5.98.

Arista Networks Inc (ANET) supplies cloud networking solutions in the United States and internationally. The company’s cloud networking solutions consist of extensible operating systems, a set of network applications, and gigabit Ethernet switches. It also offers technical support services. The company serves a range of industries, including Internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, and others. Arista Networks, Inc. markets its products through direct sales force, as well as channel partners, such as distributors, value-added resellers, systems integrators, and original equipment manufacturer partners. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was founded in 2004 and is headquartered in Santa Clara, California.

Fitbit Inc(NYSE:FIT):

The stock increased by 3.62% to close last trading session at USD 14.90. The company’s shares oscillated in the range of USD 14.25 and USD 14.90 during intraday trade.

A total of 6.45 million shares exchanged hands, below its 3 month average volume of 10.44 million shares. Over the last five days its shares have surged by 2.97% and in the past six months it has moved down-63.41%.

Furthermore, the stock has weekly volatility of 4.65% and monthly volatility of 5.35% with ATR of 0.84. The stock’s RSI is 54.29 and distance from 50-day simple moving average is -4.01%, whereas its distance from 20-day simple moving average is 11.16% and distance from 200-day simple moving average is -51.99%.

Fitbit Inc (FIT) on March 17, 2016 announced that the users can add the new Fitbit skill for Alexa and use the prompt “Alexa, ask Fitbit how I’m doing today,” along with several other supported health and fitness prompts. As the first wearable company to make stats available via Alexa, the brain behind Amazon Echo, this Fitbit integration adds convenience and fun to the daily routines of Fitbit® users in the U.S., letting them incorporate activity tracking even more seamlessly into their busy, on-the-go lifestyles.

Fitbit helps people lead healthier, more active lives by empowering them with data, inspiration and guidance to reach their goals. As the leader in the connected health and fitness category, Fitbit designs products and experiences that track everyday health and fitness.