Arista Networks, Inc. (NYSE:ANET) Given Average Recommendation of “Moderate Buy” by Analysts

Arista Networks, Inc. (NYSE:ANET) has been given a consensus recommendation of “Moderate Buy” by the nineteen ratings firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $138.0714.

Several equities research analysts have recently commented on ANET shares. Morgan Stanley upped their price target on shares of Arista Networks from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Barclays reissued an “overweight” rating and issued a $151.00 target price (up from $119.00) on shares of Arista Networks in a report on Thursday, August 7th. Needham & Company LLC increased their target price on shares of Arista Networks from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Wolfe Research initiated coverage on shares of Arista Networks in a report on Tuesday, July 8th. They issued an “outperform” rating for the company. Finally, BNP Paribas lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 11th.

Arista Networks Stock Up 0.2%

NYSE ANET opened at $136.46 on Tuesday. Arista Networks has a 52 week low of $59.43 and a 52 week high of $141.99. The firm has a market capitalization of $171.51 billion, a P/E ratio of 53.67, a PEG ratio of 3.21 and a beta of 1.37. The company has a 50-day moving average price of $118.31 and a 200-day moving average price of $97.45.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Arista Networks will post 2.2 EPS for the current year.

Arista Networks announced that its board has initiated a stock buyback program on Tuesday, May 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the technology company to purchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. This represents a 23.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 5,847,614 shares of company stock valued at $724,868,593. Corporate insiders own 3.39% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bare Financial Services Inc boosted its stake in Arista Networks by 2,118.2% in the 2nd quarter. Bare Financial Services Inc now owns 244 shares of the technology company’s stock worth $25,000 after purchasing an additional 233 shares during the period. Quarry LP boosted its stake in Arista Networks by 381.5% in the 4th quarter. Quarry LP now owns 260 shares of the technology company’s stock worth $29,000 after purchasing an additional 206 shares during the period. Dunhill Financial LLC boosted its stake in Arista Networks by 415.7% in the 4th quarter. Dunhill Financial LLC now owns 263 shares of the technology company’s stock worth $29,000 after purchasing an additional 212 shares during the period. McIlrath & Eck LLC bought a new position in shares of Arista Networks during the 4th quarter valued at approximately $35,000. Finally, REAP Financial Group LLC boosted its position in shares of Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after acquiring an additional 175 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Company Profile

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.