Arista Networks (NYSE:ANET) Trading Up 1.4% – Time to Buy?

Arista Networks, Inc. (NYSE:ANET)’s stock price was up 1.4% during trading on Tuesday . The stock traded as high as $193.15 and last traded at $190.7550. Approximately 4,383,123 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 8,513,199 shares. The stock had previously closed at $188.15.

Analyst Ratings Changes

ANET has been the subject of several analyst reports. Bank of America reaffirmed a “buy” rating and issued a $240.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Evercore reiterated an “outperform” rating on shares of Arista Networks in a report on Wednesday, August 5th. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Citigroup restated a “buy” rating on shares of Arista Networks in a report on Thursday, August 6th. Finally, Rosenblatt Securities increased their price objective on shares of Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $226.05.

Arista Networks Trading Up 1.4%

The business has a 50 day simple moving average of $177.95 and a two-hundred day simple moving average of $156.75. The stock has a market cap of $240.58 billion, a price-to-earnings ratio of 60.18, a price-to-earnings-growth ratio of 1.95 and a beta of 1.60.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.Arista Networks’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Research analysts anticipate that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

Insider Activity at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 111,848 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $192.75, for a total transaction of $21,558,702.00. Following the completion of the transaction, the insider directly owned 109,833 shares of the company’s stock, valued at $21,170,310.75. This trade represents a 50.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 573,509 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $208.13, for a total transaction of $119,364,428.17. Following the completion of the sale, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at $5,203,250. The trade was a 95.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,935,851 shares of company stock worth $738,332,610 in the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Arista Networks

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cura Wealth Advisors LLC increased its holdings in shares of Arista Networks by 3.1% in the 2nd quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock valued at $297,000 after acquiring an additional 52 shares during the last quarter. Madison Wealth Partners Inc lifted its stake in Arista Networks by 2.8% during the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock worth $370,000 after purchasing an additional 60 shares during the last quarter. Intrua Financial LLC lifted its stake in Arista Networks by 2.7% during the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after purchasing an additional 61 shares during the last quarter. Shepherd Financial Partners LLC boosted its holdings in Arista Networks by 1.2% in the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock worth $918,000 after purchasing an additional 66 shares during the period. Finally, NBT Bank N A NY boosted its holdings in Arista Networks by 37.2% in the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock worth $30,000 after purchasing an additional 67 shares during the period. 82.47% of the stock is 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.