Arista Networks (NYSE:ANET) Stock Price Up 1.1% – Time to Buy?

Arista Networks, Inc. (NYSE:ANET)’s stock price traded up 1.1% on Thursday . The stock traded as high as $204.91 and last traded at $199.6870. 7,020,330 shares were traded during trading, a decline of 14% from the average daily volume of 8,160,932 shares. The stock had previously closed at $197.54.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ANET. Citigroup reiterated a “buy” rating on shares of Arista Networks in a report on Thursday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Piper Sandler restated an “overweight” rating and set a $240.00 price target (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. UBS Group reissued a “buy” rating and set a $259.00 target price (up from $187.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $227.80.

Arista Networks Stock Up 0.1%

The firm has a market capitalization of $251.86 billion, a price-to-earnings ratio of 63.00, a PEG ratio of 2.37 and a beta of 1.62. The stock’s 50-day moving average price is $187.62 and its 200 day moving average price is $164.37.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the company posted $0.73 EPS. 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. On average, sell-side analysts anticipate that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In other Arista Networks news, Director Mark Templeton sold 5,000 shares of Arista Networks stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $197.16, for a total value of $985,800.00. Following the completion of the transaction, the director directly owned 53,410 shares of the company’s stock, valued at $10,530,315.60. The trade was a 8.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Breithaupt sold 612 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $195.77, for a total transaction of $119,811.24. Following the completion of the transaction, the chief financial officer owned 69,921 shares of the company’s stock, valued at approximately $13,688,434.17. This trade represents a 0.87% 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 3,527,694 shares of company stock valued at $684,665,787. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Arista Networks

Several large investors have recently bought and sold shares of the stock. Cherry Tree Wealth Management LLC grew its position in shares of Arista Networks by 1,383.2% during the second quarter. Cherry Tree Wealth Management LLC now owns 4,420 shares of the technology company’s stock worth $751,000 after acquiring an additional 4,122 shares during the last quarter. Talon Private Wealth LLC purchased a new stake in Arista Networks in the 2nd quarter valued at $232,000. ABS Direct Equity Fund LLC acquired a new stake in Arista Networks during the 2nd quarter worth $29,000. Bouchey Financial Group Ltd. boosted its stake in Arista Networks by 17.1% during the 2nd quarter. Bouchey Financial Group Ltd. now owns 1,787 shares of the technology company’s stock worth $304,000 after purchasing an additional 261 shares during the period. Finally, Capstone Financial Advisors Inc. acquired a new position in Arista Networks in the second quarter valued at $207,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

About Arista Networks

Arista Networks, Inc designs, develops and sells cloud networking solutions for large data centers, cloud service providers, internet companies, enterprises and other organizations. Its portfolio includes high-performance Ethernet switches, routers and wireless networking products used to connect servers, storage systems, users and applications across data center and campus environments.

The company’s software offerings include Arista EOS, its Linux-based network operating system, and CloudVision, a cloud-based platform for network management, automation, monitoring and analytics.