Arista Networks, Inc. (NYSE:ANET – Get Free Report) Director Mark Templeton sold 5,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $165.85, for a total value of $829,250.00. Following the completion of the transaction, the director directly owned 43,410 shares of the company’s stock, valued at $7,199,548.50. This represents a 10.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Arista Networks Stock Up 4.9%
ANET opened at $178.24 on Thursday. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $217.41. The stock has a market cap of $224.80 billion, a PE ratio of 47.91, a PEG ratio of 1.97 and a beta of 1.61. The business has a 50 day moving average of $194.05 and a 200-day moving average of $165.34.
Arista Networks (NYSE:ANET – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The technology company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.12. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Arista Networks had a return on equity of 33.92% and a net margin of 39.97%. The firm’s revenue for the quarter was up 58.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 earnings per share. Equities analysts anticipate that Arista Networks, Inc. will post 3.79 EPS for the current year.
Arista Networks News Summary
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: Arista reported third-quarter revenue of $3.66 billion, up 58.5% year over year and above the $3.33 billion consensus. EPS of $1.20 also topped estimates of $1.08. Management raised its 2026 revenue outlook to $13.3 billion. Article: ANET Q3 Earnings Beat Estimates on Strong AI and Enterprise Demand
- Positive Sentiment: Management forecast roughly $18.5 billion in 2027 revenue, implying 38%–40% growth versus Wall Street expectations of about 28%. AI-fabric revenue is projected to double to around $7 billion, reflecting demand for networking infrastructure in AI data centers. Article: Arista Networks gets BofA backing as 2027 growth outlook tops Street
- Positive Sentiment: Analysts responded with bullish ratings and higher targets: Bank of America reiterated Buy with a $240 target, while JPMorgan raised its target to $270 and Piper Sandler to $261. These revisions signal confidence in Arista’s growth prospects.
- Neutral Sentiment: Director Mark Templeton and major shareholder Andreas Bechtolsheim disclosed stock sales under pre-arranged Rule 10b5-1 plans. Bechtolsheim’s sale represented only 0.15% of his holdings, so the transactions may be less indicative of a change in business outlook. Article: Arista Networks insider transactions
- Negative Sentiment: Gross margin pressure is a watch point: a larger hardware mix is expected to weigh on margins, even as operating margins remain strong. Arista’s premium valuation also leaves the stock sensitive to any shortfall against its ambitious growth targets. Article: Arista Revenue Up 58% as Q4 Outlook Slows
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Keybank National Association OH lifted its position in shares of Arista Networks by 15.3% in the third quarter. Keybank National Association OH now owns 403,324 shares of the technology company’s stock worth $82,113,000 after buying an additional 53,452 shares in the last quarter. Csenge Advisory Group boosted its stake in Arista Networks by 61.7% during the third quarter. Csenge Advisory Group now owns 6,019 shares of the technology company’s stock valued at $1,225,000 after buying an additional 2,297 shares during the last quarter. D Orazio & Associates Inc. grew its holdings in Arista Networks by 4.9% during the 3rd quarter. D Orazio & Associates Inc. now owns 1,360 shares of the technology company’s stock valued at $277,000 after buying an additional 63 shares in the last quarter. New York Life Investment Management LLC grew its holdings in Arista Networks by 5.0% during the 3rd quarter. New York Life Investment Management LLC now owns 170,490 shares of the technology company’s stock valued at $34,710,000 after buying an additional 8,106 shares in the last quarter. Finally, Gen Wealth Partners Inc grew its holdings in Arista Networks by 170.8% during the 3rd quarter. Gen Wealth Partners Inc now owns 371 shares of the technology company’s stock valued at $76,000 after buying an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Truist Financial upped their target price on shares of Arista Networks from $234.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup reissued a “buy” rating and set a $248.00 price target (up from $215.00) on shares of Arista Networks in a research report on Thursday, October 8th. Morgan Stanley reissued an “overweight” rating and set a $230.00 price target (up from $220.00) on shares of Arista Networks in a research report on Wednesday. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. Finally, Bank of America restated a “buy” rating and issued a $240.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $240.24.
Get Our Latest Analysis on Arista Networks
Arista Networks Company Profile
Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company’s products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.
Arista’s portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.
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