Arista Networks (NYSE:ANET) Trading Up 7.2% – Still a Buy?

Arista Networks, Inc. (NYSE:ANET)’s stock price shot up 7.2% during trading on Monday . The stock traded as high as $172.33 and last traded at $170.9050. 9,732,846 shares were traded during trading, an increase of 10% from the average session volume of 8,866,778 shares. The stock had previously closed at $159.47.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ANET. Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a research note on Friday, May 15th. Citigroup decreased their price target on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Barclays reissued an “overweight” rating and issued a $195.00 price target (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $180.00 target price on shares of Arista Networks in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Arista Networks presently has a consensus rating of “Buy” and a consensus price target of $185.72.

Arista Networks Trading Up 7.2%

The business’s 50 day moving average is $147.52 and its two-hundred day moving average is $137.61. The company has a market cap of $215.20 billion, a PE ratio of 58.53, a PEG ratio of 2.46 and a beta of 1.61.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. Arista Networks’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities research analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Insider Buying and Selling

In other Arista Networks news, Director Kelly Bodnar Battles sold 422 shares of Arista Networks stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $146.44, for a total value of $61,797.68. Following the sale, the director directly owned 10,078 shares in the company, valued at approximately $1,475,822.32. The trade was a 4.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 971 shares of Arista Networks stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $140.93, for a total transaction of $136,843.03. Following the completion of the sale, the director owned 9,784 shares in the company, valued at approximately $1,378,859.12. This represents a 9.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,935,142 shares of company stock worth $313,589,223 in the last 90 days. 2.70% of the stock is owned by company insiders.

Institutional Trading of Arista Networks

Institutional investors and hedge funds have recently bought and sold shares of the stock. Knuff & Co LLC bought a new stake in Arista Networks in the 3rd quarter valued at $29,000. Board of the Pension Protection Fund bought a new stake in shares of Arista Networks in the 4th quarter worth about $26,000. Sankala Group LLC bought a new stake in shares of Arista Networks in the 4th quarter worth about $27,000. Prosperity Bancshares Inc bought a new stake in shares of Arista Networks in the 4th quarter worth about $28,000. Finally, Main Street Group LTD bought a new stake in shares of Arista Networks in the 1st quarter worth about $26,000. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Company Profile

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.