Arista Networks (NYSE:ANET) Trading Up 2.6% – Here’s Why

Arista Networks, Inc. (NYSE:ANET) was up 2.6% during trading on Tuesday . The company traded as high as $172.33 and last traded at $175.43. Approximately 9,963,978 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 12,989,964 shares. The stock had previously closed at $170.9050.

Analysts Set New Price Targets

A number of research analysts have commented on ANET shares. JPMorgan Chase & Co. boosted their target price on Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. KeyCorp reaffirmed an “overweight” rating and issued a $178.00 price target (up from $170.00) on shares of Arista Networks in a research report on Friday, February 13th. Weiss Ratings raised Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company boosted their price target on Arista Networks from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $185.72.

Arista Networks Trading Up 2.6%

The firm has a market cap of $220.90 billion, a price-to-earnings ratio of 60.08, a PEG ratio of 2.46 and a beta of 1.67. The firm has a 50-day moving average of $148.22 and a two-hundred day moving average of $137.86.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. The firm’s revenue was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current year.

Insider Buying and Selling

In other news, Director Kelly Bodnar Battles sold 422 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $146.44, for a total value of $61,797.68. Following the sale, the director directly owned 10,078 shares in the company, valued at approximately $1,475,822.32. This represents a 4.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total value of $2,140,947.36. Following the sale, the chief executive officer owned 9,917 shares in the company, valued at approximately $1,537,531.68. This trade represents a 58.20% 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. In the last 90 days, insiders sold 1,935,142 shares of company stock worth $313,589,223. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Arista Networks

Large investors have recently bought and sold shares of the business. First Nebraska Trust Co acquired a new position in Arista Networks during the 1st quarter worth $1,807,000. Financial Solutions Advisory Group Inc. acquired a new position in Arista Networks during the 1st quarter worth $404,000. Cozad Asset Management Inc. lifted its holdings in Arista Networks by 35.4% during the 1st quarter. Cozad Asset Management Inc. now owns 9,146 shares of the technology company’s stock worth $1,123,000 after buying an additional 2,389 shares in the last quarter. Allen Capital Group LLC acquired a new position in Arista Networks during the 1st quarter worth $245,000. Finally, Summitry LLC acquired a new position in Arista Networks during the 1st quarter worth $403,000. 82.47% of the stock is currently 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.