Arista Networks (NYSE:ANET) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Arista Networks (NYSE:ANET) announced its quarterly earnings results on Tuesday. The technology company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01), Zacks reports. Arista Networks had a return on equity of 30.37% and a net margin of 38.99%. Arista Networks updated its Q2 2026 guidance to 0.880-0.880 EPS.

Arista Networks Stock Down 1.4%

ANET stock traded down $2.44 during midday trading on Tuesday, hitting $170.18. The company’s stock had a trading volume of 14,847,696 shares, compared to its average volume of 7,794,759. The stock’s 50-day moving average price is $141.84 and its 200 day moving average price is $137.69. Arista Networks has a 1 year low of $82.80 and a 1 year high of $179.80. The stock has a market cap of $214.29 billion, a price-to-earnings ratio of 61.66, a PEG ratio of 3.03 and a beta of 1.67.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ANET. Barclays reiterated an “overweight” rating and set a $184.00 price target (up from $183.00) on shares of Arista Networks in a report on Friday, February 13th. Morgan Stanley reiterated an “overweight” rating and set a $180.00 price target on shares of Arista Networks in a report on Friday. Susquehanna upgraded Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Needham & Company LLC upped their price target on Arista Networks from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Piper Sandler reiterated an “overweight” rating and set a $175.00 price target (up from $159.00) on shares of Arista Networks in a report on Friday, February 13th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $178.67.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 32,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $134.14, for a total value of $4,292,480.00. Following the transaction, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,740,600.64. The trade was a 71.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jayshree Ullal sold 428,000 shares of the business’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the transaction, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This represents a 7.59% 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 sold 1,494,729 shares of company stock worth $245,304,519. Insiders own 3.39% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. CYBER HORNET ETFs LLC lifted its position in shares of Arista Networks by 3.0% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 2,787 shares of the technology company’s stock valued at $406,000 after buying an additional 81 shares during the last quarter. Glenview Trust co lifted its position in shares of Arista Networks by 2.5% during the 2nd quarter. Glenview Trust co now owns 3,502 shares of the technology company’s stock valued at $358,000 after buying an additional 84 shares during the last quarter. Sepio Capital LP lifted its position in shares of Arista Networks by 5.7% during the 4th quarter. Sepio Capital LP now owns 1,661 shares of the technology company’s stock valued at $218,000 after buying an additional 89 shares during the last quarter. Strategic Investment Advisors MI lifted its position in shares of Arista Networks by 2.1% during the 4th quarter. Strategic Investment Advisors MI now owns 4,593 shares of the technology company’s stock valued at $602,000 after buying an additional 93 shares during the last quarter. Finally, Visionary Wealth Advisors lifted its position in shares of Arista Networks by 2.1% during the 4th quarter. Visionary Wealth Advisors now owns 4,947 shares of the technology company’s stock valued at $648,000 after buying an additional 101 shares during the last quarter. 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: Company raised Q2 EPS guidance to $0.88 (vs. consensus $0.84), while revenue guidance is roughly in line with expectations (~$2.8B) — a near-term earnings beat that supports the bull case for continued demand in data center/AI networking.
• Positive Sentiment: Arista reported solid Q1 results and management tone was upbeat, highlighting strong demand and a good net promoter score — results that validate the guidance raise and growth story. Arista Networks, Inc. Reports First Quarter 2026 Financial Results
• Positive Sentiment: High-profile endorsements and analyst mentions (Jim Cramer and Zacks lists) are drawing retail and momentum interest, which can support near-term flows into ANET. Jim Cramer Says He “Would Buy Arista Networks”
• Neutral Sentiment: Broader market strength (S&P/Nasdaq near record highs) is a tailwind for tech stocks generally, which may help limit downside if macro sentiment stays positive. S&P 500, Nasdaq Climb Back to Record Highs. Earnings Are in Focus.
• Neutral Sentiment: Industry commentary (Zacks) highlights Arista as a beneficiary of AI and hybrid work demand — supportive longer-term backdrop but already widely acknowledged by the market. 5 Stocks With High ROE to Buy as Markets Battle Intense Volatility
• Negative Sentiment: Insider selling activity has accelerated in April, which can create concern among some investors and add selling pressure despite company-level beats. Leading Insider Sales: April Activity Ramps in These Stocks (ANET)
• Negative Sentiment: ANET trades at a high multiple (P/E and PEG elevated), making it sensitive to growth execution misses or multiple compression — a valuation headwind if market sentiment shifts.

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.