Arista Networks (NYSE:ANET) Shares Climb 3.3% – What’s Next?

Arista Networks, Inc. (NYSE:ANET) was up 3.3% during mid-day trading on Monday. The stock traded as high as $185.91 and last traded at $182.8810. 6,278,241 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 7,868,694 shares. The stock had previously closed at $176.98.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ANET shares. Citigroup reissued a “buy” rating and set a $248.00 price objective (up from $215.00) on shares of Arista Networks in a research note on Thursday, October 8th. Bank of America restated a “buy” rating and issued a $240.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Evercore reaffirmed an “outperform” rating on shares of Arista Networks in a research report on Wednesday, October 7th. Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Rosenblatt Securities upped their target price on Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $235.45.

Arista Networks Price Performance

The firm’s fifty day simple moving average is $198.46 and its 200 day simple moving average is $174.75. The company has a market capitalization of $230.65 billion, a price-to-earnings ratio of 57.69, a PEG ratio of 2.06 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its quarterly 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. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The firm’s revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities research analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 767,029 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the transaction, the chief executive officer directly owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. The trade was a 4.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the transaction, the insider owned 181,143,048 shares in the company, valued at approximately $36,826,381,658.40. The trade was a 0.17% 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 3,584,116 shares of company stock valued at $733,396,013 in the last ninety days. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Arista Networks

Hedge funds have recently bought and sold shares of the business. Cura Wealth Advisors LLC grew its position in Arista Networks by 3.1% during the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock worth $297,000 after buying an additional 52 shares in the last quarter. Affinity Capital Advisors LLC raised its holdings in Arista Networks by 1.4% in the 3rd quarter. Affinity Capital Advisors LLC now owns 3,770 shares of the technology company’s stock valued at $817,000 after acquiring an additional 53 shares in the last quarter. Madison Wealth Partners Inc raised its holdings in Arista Networks by 2.8% in the 2nd quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock valued at $370,000 after acquiring an additional 60 shares in the last quarter. Intrua Financial LLC raised its holdings in Arista Networks by 2.7% in the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock valued at $283,000 after acquiring an additional 61 shares in the last quarter. Finally, Shepherd Financial Partners LLC lifted its position in shares of Arista Networks by 1.2% in the 2nd quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock worth $918,000 after acquiring an additional 66 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Company Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company’s products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista’s portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.