Arista Networks (NYSE:ANET) Announces Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Arista Networks (NYSE:ANET) released its quarterly earnings results on Tuesday. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13, FiscalAI reports. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%. Arista Networks updated its Q3 2026 guidance to 1.060-1.080 EPS.

Arista Networks Stock Performance

NYSE ANET traded up $6.32 during trading on Tuesday, hitting $191.21. 13,118,342 shares of the company’s stock traded hands, compared to its average volume of 8,611,916. The stock has a market capitalization of $240.77 billion, a price-to-earnings ratio of 65.48, a PEG ratio of 2.77 and a beta of 1.60. Arista Networks has a 12-month low of $114.52 and a 12-month high of $194.35. The business has a 50 day moving average of $168.02 and a 200-day moving average of $150.69.

Insider Buying and Selling at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 240,000 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $162.67, for a total transaction of $39,040,800.00. Following the sale, the insider directly owned 182,043,048 shares in the company, valued at approximately $29,612,942,618.16. This represents a 0.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of Arista Networks stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $170.51, for a total transaction of $4,433,260.00. Following the completion of the transaction, the insider owned 462,400 shares of the company’s stock, valued at $78,843,824. This represents a 5.32% 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. In the last ninety days, insiders sold 2,300,316 shares of company stock worth $382,160,575. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Arista Networks

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Prosperity Bancshares Inc purchased a new position in Arista Networks during the 4th quarter valued at about $28,000. Quarry LP purchased a new position in Arista Networks during the third quarter valued at approximately $33,000. AlphaCentric Advisors LLC bought a new stake in Arista Networks during the 4th quarter worth approximately $38,000. Quattro Advisors LLC purchased a new stake in Arista Networks in the 4th quarter worth approximately $42,000. Finally, Swiss RE Ltd. purchased a new stake in Arista Networks in the 4th quarter worth approximately $50,000. 82.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in 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 target on the stock in a research report on Friday, May 15th. Barclays reiterated an “overweight” rating and issued a $195.00 price objective (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Wolfe Research reissued an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a research report on Wednesday, June 10th. Rosenblatt Securities boosted their target price on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Needham & Company LLC upped their target price on Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $189.74.

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.