Arista Networks Stock Gets Higher EPS Forecast from KeyCorp

Arista Networks, Inc. (NYSE:ANET) – KeyCorp boosted their FY2026 earnings per share estimates for Arista Networks in a research report issued on Tuesday, November 3rd. KeyCorp analyst B. Nispel now forecasts that the technology company will post earnings per share of $4.04 for the year, up from their prior estimate of $3.79. KeyCorp has an “Overweight” rating and a $250.00 price objective on the stock. The consensus estimate for Arista Networks’ current full-year earnings is $3.99 per share. KeyCorp also issued estimates for Arista Networks’ Q1 2027 earnings at $1.32 EPS, Q2 2027 earnings at $1.47 EPS, Q3 2027 earnings at $1.58 EPS, Q4 2027 earnings at $1.65 EPS and FY2027 earnings at $6.02 EPS.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.08 by $0.12. Arista Networks had a return on equity of 32.20% and a net margin of 39.97%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 58.5% on a year-over-year basis.

A number of other analysts have also commented on the stock. Bank of America restated a “buy” rating and set a $240.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Arista Networks in a research note on Wednesday, November 4th. Jefferies Financial Group set a $250.00 price objective on shares of Arista Networks in a research note on Wednesday, August 5th. TD Cowen reduced their price objective on shares of Arista Networks from $250.00 to $205.00 and set a “buy” rating for the company in a report on Monday, October 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Arista Networks from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 4th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $240.24.

Arista Networks Stock Down 0.6%

Shares of ANET opened at $185.13 on Wednesday. Arista Networks has a 12-month low of $114.52 and a 12-month high of $217.41. The business’s fifty day moving average is $192.19 and its 200 day moving average is $166.23. The stock has a market cap of $233.90 billion, a P/E ratio of 49.77, a P/E/G ratio of 1.67 and a beta of 1.61.

Insider Buying and Selling

In other Arista Networks news, Director Mark B. Templeton sold 5,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $165.85, for a total value of $829,250.00. Following the completion of the sale, the director directly owned 43,410 shares of the company’s stock, valued at approximately $7,199,548.50. This represents a 10.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the company’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $180.91, for a total transaction of $3,135,713.03. Following the completion of the sale, the insider directly owned 12,976 shares of the company’s stock, valued at $2,347,488.16. The trade was a 57.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,067,489 shares of company stock valued at $406,340,373 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arista Networks

A number of hedge funds and other institutional investors have recently modified their holdings of the business. William Mack & Associates Inc. purchased a new stake in shares of Arista Networks during the third quarter valued at approximately $27,000. Flagship Wealth Advisors LLC purchased a new position in Arista Networks in the third quarter worth $31,000. ABS Investment Management LLC purchased a new position in Arista Networks in the second quarter worth $29,000. ABS Direct Equity Fund LLC purchased a new position in Arista Networks in the second quarter worth $29,000. Finally, Balance Wealth Partners LLC bought a new position in Arista Networks in the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Key Headlines Impacting Arista Networks

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: KeyCorp raised its earnings estimates across fiscal 2026 and 2027, including lifting its FY2027 EPS forecast from $4.77 to $6.02. The firm maintained an “Overweight” rating and a $250 price target, signaling confidence in Arista’s growth prospects.
• Positive Sentiment: Arista’s latest quarter showed 58.5% year-over-year revenue growth and earnings above analysts’ expectations. Management’s approximately $18.5 billion FY2027 revenue outlook points to continued demand for its networking products. Arista Networks: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Major shareholder Andreas Bechtolsheim sold 260,000 shares under a pre-arranged Rule 10b5-1 plan. The sale was a small reduction—about 0.14% of his stake—while he retained a very large holding, so it may have limited significance for investors. Insider Selling: Arista Networks major shareholder sells shares
• Negative Sentiment: Despite the company’s strong results and outlook, a broader AI-hardware selloff has pressured the sector and could keep a lid on ANET shares in the near term.

Arista Networks Company Profile

Arista Networks, Inc. develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks. The company’s software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista’s products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.