Arista Networks (NYSE:ANET) Trading 8.7% Higher – Should You Buy?

Arista Networks, Inc. (NYSE:ANET)’s share price rose 8.7% during mid-day trading on Wednesday . The stock traded as high as $181.27 and last traded at $180.9310. 11,857,868 shares changed hands during trading, an increase of 35% from the average daily volume of 8,789,949 shares. The stock had previously closed at $166.46.

Analyst Upgrades and Downgrades

ANET has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Morgan Stanley reissued an “overweight” rating and issued a $190.00 price target (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. KeyCorp restated an “overweight” rating and issued a $200.00 price objective (up from $178.00) on shares of Arista Networks in a research report on Thursday, June 18th. TD Cowen reaffirmed a “buy” rating and set a $200.00 price objective (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, Rosenblatt Securities lifted their price objective on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $187.63.

Arista Networks Trading Up 1.5%

The business has a 50 day simple moving average of $159.41 and a two-hundred day simple moving average of $145.45. The company has a market cap of $236.05 billion, a PE ratio of 64.20, a price-to-earnings-growth ratio of 2.79 and a beta of 1.60.

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

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 13,809 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.04, for a total value of $2,140,947.36. Following the completion of the sale, the chief executive officer directly owned 9,917 shares in the company, valued at approximately $1,537,531.68. The trade was a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 that occurred on Monday, June 22nd. The stock was sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $2,224,345.92. This trade represents a 57.19% 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. Insiders sold a total of 3,147,080 shares of company stock valued at $513,396,642 over the last three months. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Board of the Pension Protection Fund acquired a new stake in Arista Networks during the fourth quarter worth about $26,000. Main Street Group LTD purchased a new stake in shares of Arista Networks during the 1st quarter worth about $26,000. Sankala Group LLC purchased a new stake in shares of Arista Networks during the 4th quarter worth about $27,000. Prosperity Bancshares Inc acquired a new stake in Arista Networks during the 4th quarter worth approximately $28,000. Finally, Knuff & Co LLC purchased a new position in Arista Networks in the third quarter valued at approximately $29,000. 82.47% of the stock is owned by hedge funds and other 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.