Arista Networks (NYSE:ANET) Shares Up 2.4% – What’s Next?

Arista Networks, Inc. (NYSE:ANET)’s stock price was up 2.4% during mid-day trading on Thursday . The stock traded as high as $170.16 and last traded at $165.5420. 8,068,554 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 8,717,293 shares. The stock had previously closed at $161.74.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ANET. Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. boosted their price target on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Weiss Ratings lowered shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 15th. Finally, Wolfe Research reissued an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Arista Networks currently has an average rating of “Buy” and a consensus price target of $187.63.

Arista Networks Stock Performance

The company has a market capitalization of $198.70 billion, a price-to-earnings ratio of 54.04, a P/E/G ratio of 2.55 and a beta of 1.61. The stock’s fifty day simple moving average is $159.49 and its two-hundred day simple moving average is $142.71.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The business’s revenue was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Insider Activity at Arista Networks

In other news, insider Kenneth Duda sold 17,333 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the completion of the sale, the insider directly owned 12,976 shares of the company’s stock, valued at $2,224,345.92. This represents a 57.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.04, for a total value of $2,140,947.36. Following the completion of the transaction, the chief executive officer owned 9,917 shares of the company’s stock, valued at $1,537,531.68. This trade represents a 58.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 2,647,080 shares of company stock worth $431,329,762. 2.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ANET. Board of the Pension Protection Fund purchased a new stake in Arista Networks in the 4th quarter worth approximately $26,000. Main Street Group LTD acquired a new stake in Arista Networks in the first quarter valued at approximately $26,000. Sankala Group LLC bought a new stake in Arista Networks in the fourth quarter worth approximately $27,000. Prosperity Bancshares Inc bought a new stake in Arista Networks in the fourth quarter worth approximately $28,000. Finally, Knuff & Co LLC bought a new position in shares of Arista Networks during the 3rd quarter valued at $29,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

About Arista Networks

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.