Honing in on Shares of SBA Communications Corporation (NASDAQ:SBAC) and Arista Networks, Inc. (NYSE:ANET)

SBA Communications Corporation (NASDAQ:SBAC) are valued at $155.94 at the time of writing and have moved -0.68% since the open.  Smart investors often look for value stocks with upside potential.  While this stock is priced cheaply, it’s important to determine if there is any actual value.

Here we’ll take a quick glance at how the stock price is currently trading in relation to some of its simple moving averages. At current levels, SBA Communications Corporation (NASDAQ:SBAC) shares have been seen trading -3.47% away from the 20-day moving average. The stock has been recently separated from the 50-day moving average by -4.86%. Using a broader approach, shares have been trading 8.23% off of the 200-day moving average. After the latest check-in, company stock is -10.36% off of the 50 day high and 5.11% away from the 50 day low price.

In terms of performance, shares of SBA Communications Corporation (NASDAQ:SBAC) are -4.54% since the start of 2016. Over the past week, shares are -4.25%. Moving out to look at the previous month performance, the stock is at -5.87%. For the quarter, performance is at 2.44%. During the past six months, SBA Communications Corporation (NASDAQ:SBAC)’s stock has been 14.25% and 48.34% for the last 12 months.

Investors are constantly attempting to find the next great stock to own. Picking the next winner to bolster the portfolio may involve some hard work and a little bit of stock market magic. Sifting through the wealth of information about public companies can be a daunting task. Many sharp investors will attack the equity markets from many different angles.

This may include keeping close tabs on fundamental and technical data. This may also include tracking analyst opinions and following what the big money institutions are buying or selling.

So, most importantly, where are shares headed from here? In order to get a sense of Wall Street sentiment, we can look to brokerage analyst estimates. On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. SBA Communications Corporation currently has an average analyst recommendation of 2.10 according to analysts. This is the average number based on the total brokerage firms taken into consideration by Beta Systems Research. The same analysts have a future one-year price target of $173.52 on the shares.

Dedicated investors are constantly on the lookout for a bargain when it comes to stock picking. As of late, investors have been taking notice of Arista Networks, Inc. (NYSE:ANET) shares. During recent trading, shares saw a move of -0.67% hitting a price of $259.03.

Let’s take a quick look at how the price of Arista Networks, Inc. (NYSE:ANET) is currently trading in comparison to some of its simple moving averages. At current levels, shares have been seen trading 8.78% away from the 20-day moving average. The stock has been recently separated from the 50-day moving average by 13.50%. Using a broader approach, the stock has been trading 45.92% off of the 200-day moving average. After the latest check-in, shares are -1.06% off of the 50 day high and 45.59% away from the 50 day low number.

In terms of performance, shares of Arista Networks, Inc. (NYSE:ANET) are 9.95% since the start of 2016. Over the past week, shares are 9.40%. Moving out to look at the previous month performance, the stock is at 18.68%. For the quarter, performance is at 35.47%. During the past six months, Arista Networks, Inc. (NYSE:ANET)’s stock has been 67.00% and 161.65% for the last 12 months.

Investors are always on the look for the next great stock to own. Picking the next winner to bolster the portfolio may involve some hard work and a little bit of stock market magic. Sifting through the wealth of information about public companies can be a daunting task.

Many savvy investors will attack the equity markets from many different angles. This may include keeping close tabs on fundamental and technical data. This may also include tracking analyst opinions and following what the big money institutions are buying or selling.