Arista Networks’ (ANET) Buy (B-) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their buy (b-) rating on shares of Arista Networks (NYSE:ANET) in a report published on Tuesday,Weiss Ratings reports.

A number of other research firms have also commented on ANET. William Blair restated an “outperform” rating on shares of Arista Networks in a research report on Friday, September 12th. JPMorgan Chase & Co. increased their price target on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Rosenblatt Securities increased their price objective on Arista Networks from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, September 12th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company increased their price objective on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.94.

Arista Networks Price Performance

NYSE ANET opened at $145.90 on Tuesday. The firm has a market cap of $183.38 billion, a PE ratio of 57.38, a price-to-earnings-growth ratio of 2.99 and a beta of 1.47. Arista Networks has a one year low of $59.43 and a one year high of $162.68. The stock’s 50 day simple moving average is $142.03 and its 200 day simple moving average is $110.49.

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

Insider Activity

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 6,622,904 shares of company stock valued at $887,794,521. 3.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. West Tower Group LLC bought a new position in shares of Arista Networks in the 3rd quarter worth $233,000. Willner & Heller LLC bought a new position in shares of Arista Networks in the 3rd quarter worth $206,000. Carnegie Investment Counsel boosted its position in shares of Arista Networks by 2.5% in the 3rd quarter. Carnegie Investment Counsel now owns 172,419 shares of the technology company’s stock worth $25,123,000 after purchasing an additional 4,227 shares during the last quarter. Griffin Asset Management Inc. bought a new position in shares of Arista Networks in the 3rd quarter worth $283,000. Finally, HBW Advisory Services LLC boosted its position in shares of Arista Networks by 65.8% in the 3rd quarter. HBW Advisory Services LLC now owns 5,599 shares of the technology company’s stock worth $816,000 after purchasing an additional 2,223 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.