Arista Networks (NYSE:ANET) Trading Up 2.7% – Here’s Why

Arista Networks, Inc. (NYSE:ANET)’s stock price was up 2.7% on Tuesday . The company traded as high as $160.14 and last traded at $158.21. Approximately 11,640,795 shares traded hands during trading, an increase of 32% from the average daily volume of 8,826,018 shares. The stock had previously closed at $154.03.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ANET shares. JPMorgan Chase & Co. upped their target price on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. UBS Group reiterated a “buy” rating and set a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a research report on Wednesday, April 1st. Finally, Rosenblatt Securities increased their price objective on shares of Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $181.84.

Arista Networks Stock Up 2.7%

The firm has a market cap of $199.22 billion, a PE ratio of 54.18, a P/E/G ratio of 2.37 and a beta of 1.67. The company’s 50 day moving average price is $145.75 and its two-hundred day moving average price is $137.05.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts expect that Arista Networks, Inc. will post 3.28 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Yvonne Wassenaar sold 971 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $140.93, for a total value of $136,843.03. Following the transaction, the director owned 9,784 shares of the company’s stock, valued at $1,378,859.12. This trade represents a 9.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total transaction 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 $924,321,690.08. This represents a 7.59% 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. In the last ninety days, insiders sold 1,503,278 shares of company stock worth $246,655,981. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Knuff & Co LLC purchased a new position in Arista Networks in the 3rd quarter worth about $29,000. Board of the Pension Protection Fund purchased a new stake in shares of Arista Networks in the 4th quarter worth $26,000. Sankala Group LLC purchased a new stake in shares of Arista Networks in the 4th quarter worth $27,000. Prosperity Bancshares Inc purchased a new stake in shares of Arista Networks in the 4th quarter worth $28,000. Finally, Main Street Group LTD purchased a new stake in shares of Arista Networks in the 1st quarter worth $26,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

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.