Arista Networks (NYSE:ANET) Trading 3.7% Higher – Time to Buy?

Arista Networks, Inc. (NYSE:ANET) shot up 3.7% on Tuesday . The company traded as high as $172.55 and last traded at $170.1990. 10,199,107 shares were traded during mid-day trading, an increase of 17% from the average daily volume of 8,754,287 shares. The stock had previously closed at $164.10.

Analyst Ratings Changes

ANET has been the subject of a number of research reports. Truist Financial set a $175.00 price target on shares of Arista Networks in a report on Wednesday, May 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price target on shares of Arista Networks in a research note on Wednesday, May 6th. UBS Group reiterated a “buy” rating and issued a $187.00 price target (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. 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. Finally, Wolfe Research restated an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a research report on Wednesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Arista Networks presently has an average rating of “Buy” and a consensus price target of $187.63.

Arista Networks Trading Up 3.7%

The business’s fifty day simple moving average is $159.55 and its 200 day simple moving average is $143.05. The stock has a market cap of $214.31 billion, a price-to-earnings ratio of 58.29, a price-to-earnings-growth ratio of 2.43 and a beta of 1.61.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company’s revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, research analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the sale, the chief executive officer owned 5,209,207 shares in the company, valued at $924,321,690.08. This represents a 7.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $165.57, for a total value of $43,048,200.00. Following the sale, the insider directly owned 182,543,048 shares in the company, valued at $30,223,652,457.36. The trade was a 0.14% decrease in their position. 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 2,647,080 shares of company stock valued at $431,329,762 in the last three months. 2.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arista Networks

Hedge funds have recently modified their holdings of the business. Board of the Pension Protection Fund acquired a new stake in Arista Networks during the 4th quarter worth approximately $26,000. Main Street Group LTD bought a new position in Arista Networks in the first quarter valued at approximately $26,000. Sankala Group LLC acquired a new position in shares of Arista Networks in the fourth quarter valued at approximately $27,000. Prosperity Bancshares Inc acquired a new position in shares of Arista Networks in the fourth quarter valued at approximately $28,000. Finally, Knuff & Co LLC bought a new stake in shares of Arista Networks during the third quarter worth $29,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

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.