Arista Networks, Inc. (NYSE:ANET – Get Free Report) traded up 3.7% on Tuesday . The company traded as high as $172.55 and last traded at $170.1990. 10,199,107 shares changed hands 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.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on ANET shares. Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price for the company in a report on Friday, May 15th. Weiss Ratings lowered Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. KeyCorp reaffirmed an “overweight” rating and set a $200.00 price objective (up from $178.00) on shares of Arista Networks in a research report on Thursday, June 18th. Piper Sandler reissued an “overweight” rating and issued a $181.00 target price (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Finally, Rosenblatt Securities boosted their target price on Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $187.63.
View Our Latest Research Report on Arista Networks
Arista Networks Trading Up 3.7%
Arista Networks (NYSE:ANET – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities research analysts predict that Arista Networks, Inc. will post 3.27 earnings per share for the current year.
Insider Buying and Selling at Arista Networks
In other Arista Networks news, CEO Jayshree Ullal sold 13,809 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total transaction of $2,140,947.36. Following the transaction, the chief executive officer owned 9,917 shares of the company’s stock, valued at $1,537,531.68. The trade was a 58.20% decrease in their position. The transaction 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, insider Kenneth Duda sold 17,333 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $171.42, for a total value of $2,971,222.86. Following the sale, the insider owned 12,976 shares in the company, valued at approximately $2,224,345.92. This represents a 57.19% 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. Insiders have sold a total of 2,647,080 shares of company stock valued at $431,329,762 in the last ninety days. Insiders own 2.70% of the company’s stock.
Hedge Funds Weigh In On Arista Networks
Institutional investors have recently added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new stake in Arista Networks during the fourth quarter worth $26,000. Main Street Group LTD bought a new position in shares of Arista Networks in the 1st quarter valued at about $26,000. Sankala Group LLC bought a new position in shares of Arista Networks in the 4th quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new position in shares of Arista Networks during the 4th quarter worth about $28,000. Finally, Knuff & Co LLC acquired a new position in shares of Arista Networks during the 3rd quarter worth about $29,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.
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.
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