Arista Networks, Inc. $ANET Shares Sold by CGN Advisors LLC

CGN Advisors LLC decreased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 11.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 22,359 shares of the technology company’s stock after selling 2,976 shares during the period. CGN Advisors LLC’s holdings in Arista Networks were worth $3,798,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. CoreCap Advisors LLC increased its position in Arista Networks by 13.7% during the second quarter. CoreCap Advisors LLC now owns 24,455 shares of the technology company’s stock worth $4,154,000 after purchasing an additional 2,951 shares during the last quarter. Pacific Excel Wealth Advisors Inc. purchased a new stake in shares of Arista Networks during the 2nd quarter valued at $232,000. Howard Financial Services LTD. acquired a new stake in shares of Arista Networks during the 2nd quarter worth $255,000. Stableford Capital II LLC acquired a new stake in shares of Arista Networks during the 2nd quarter worth $1,101,000. Finally, RDA Financial Network raised its position in shares of Arista Networks by 57.4% in the 2nd quarter. RDA Financial Network now owns 31,032 shares of the technology company’s stock worth $5,272,000 after buying an additional 11,315 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Price Performance

NYSE:ANET opened at $191.21 on Wednesday. The business’s 50-day moving average is $168.68 and its two-hundred day moving average is $151.16. The firm has a market capitalization of $240.77 billion, a PE ratio of 65.48, a price-to-earnings-growth ratio of 2.84 and a beta of 1.60. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $194.35.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. The company’s revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts anticipate that Arista Networks, Inc. will post 3.28 EPS for the current year.

More Arista Networks News

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

• Positive Sentiment: Q2 results exceeded estimates: Arista reported adjusted earnings of $1.02 per share versus the $0.89 consensus estimate, while revenue reached $3.04 billion, ahead of the $2.83 billion forecast. Revenue rose 37.7% year over year, marking the company’s first quarter above $3 billion. Arista forecasts upbeat quarterly revenue on AI-driven networking demand
• Positive Sentiment: Upbeat Q3 guidance: Arista forecast third-quarter revenue of approximately $3.3 billion, compared with Wall Street’s $2.9 billion expectation. Its EPS outlook of $1.06–$1.08 also topped the $0.89 consensus estimate, signaling continued momentum. Arista Networks soars on strong Q2 beat and raised outlook
• Positive Sentiment: AI networking demand remains a major growth driver: Customers are expanding AI and cloud infrastructure, supporting demand for Arista’s high-speed networking equipment. The company also highlighted new 1.6-terabit-per-second AI networking systems designed to improve performance and reduce power consumption. Arista Networks Q2 revenue jumps as AI networking demand accelerates
• Neutral Sentiment: Arista’s strong results improve its growth outlook, but the stock’s elevated valuation—approximately 65 times earnings—leaves shares sensitive to any slowdown in AI infrastructure spending or future guidance.

Analyst Upgrades and Downgrades

ANET has been the topic of a number of research analyst reports. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. Piper Sandler restated an “overweight” rating and issued a $181.00 price objective (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Raymond James Financial raised Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective on the stock in a research note on Friday, May 15th. UBS Group reiterated a “buy” rating and set a $187.00 target price (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Finally, Barclays reissued an “overweight” rating and set a $195.00 target price (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $189.74.

Insiders Place Their Bets

In other news, major shareholder Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the sale, the insider owned 182,543,048 shares in the company, valued at $30,223,652,457.36. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $140.08, for a total transaction of $4,482,560.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $1,817,678.08. The trade was a 71.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,300,316 shares of company stock worth $382,160,575 in the last 90 days. 2.70% of the stock is owned by company insiders.

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.