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

Shares of Arista Networks, Inc. (NYSE:ANET) have earned a consensus rating of “Buy” from the twenty-five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $187.6316.

A number of brokerages have recently issued reports on ANET. JPMorgan Chase & Co. boosted their price target on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Citigroup dropped their price target on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Needham & Company LLC restated a “buy” rating and issued a $185.00 price target on shares of Arista Networks in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Finally, Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a research report on Wednesday, April 1st.

Insider Transactions at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 182,543,048 shares of the company’s stock, valued at $30,223,652,457.36. The trade was a 0.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 5,209,207 shares in the company, valued at $924,321,690.08. This represents a 7.59% 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 2,603,747 shares of company stock worth $423,901,619 over the last three months. 2.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ANET. Knuff & Co LLC acquired a new position in shares of Arista Networks during the 3rd quarter valued at $29,000. Board of the Pension Protection Fund acquired a new position in shares of Arista Networks during the 4th quarter valued at $26,000. Sankala Group LLC acquired a new position in shares of Arista Networks during the 4th quarter valued at $27,000. Prosperity Bancshares Inc acquired a new position in shares of Arista Networks during the 4th quarter valued at $28,000. Finally, Main Street Group LTD acquired a new position in shares of Arista Networks during the 1st quarter valued at $26,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Trading Up 0.1%

Shares of ANET opened at $169.84 on Monday. The company has a market capitalization of $213.86 billion, a PE ratio of 58.16, a PEG ratio of 2.62 and a beta of 1.61. Arista Networks has a 12 month low of $85.58 and a 12 month high of $179.80. The stock’s 50-day moving average price is $158.10 and its two-hundred day moving average price is $141.53.

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

About Arista Networks

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.