Arista Networks (NYSE:ANET – Get Free Report) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.880-0.880 for the period, compared to the consensus earnings per share estimate of 0.840. The company issued revenue guidance of $2.8 billion-$2.8 billion, compared to the consensus revenue estimate of $2.8 billion.
Arista Networks Price Performance
NYSE ANET traded down $2.44 during trading hours on Tuesday, hitting $170.18. 15,141,697 shares of the company’s stock traded hands, compared to its average volume of 7,836,091. Arista Networks has a 52-week low of $82.80 and a 52-week high of $179.80. The company has a market capitalization of $214.29 billion, a PE ratio of 61.66, a PEG ratio of 3.03 and a beta of 1.67. The firm’s 50-day moving average is $141.84 and its 200-day moving average is $137.69.
Arista Networks (NYSE:ANET – Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.07. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the prior year, the company earned $0.66 EPS. Arista Networks’s revenue was up 28.9% compared to the same quarter last year. Equities research analysts predict that Arista Networks will post 3.17 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
View Our Latest Analysis on ANET
Insider Buying and Selling
In other Arista Networks news, CFO Chantelle Yvette Breithaupt sold 8,890 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $155.02, for a total value of $1,378,127.80. Following the sale, the chief financial officer directly owned 60,734 shares of the company’s stock, valued at approximately $9,414,984.68. This represents a 12.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $175.40, for a total transaction of $1,403,200.00. Following the completion of the sale, the director directly owned 208,333 shares in the company, valued at approximately $36,541,608.20. This represents a 3.70% 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. In the last 90 days, insiders sold 1,502,729 shares of company stock worth $246,707,719. Corporate insiders own 3.39% of the company’s stock.
Arista Networks News Roundup
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: Arista beat estimates on both EPS and revenue with Q1 EPS of $0.87 (vs. $0.81 est.) and revenue of ~$2.7B, driven by robust demand for AI networking equipment — a clear revenue-quality print that confirms strong underlying demand. Zacks: Arista Beats Q1
- Positive Sentiment: Company issued Q2 guidance showing EPS ~ $0.88 (above consensus ~$0.84) and revenue guidance near $2.8B, which indicates continued demand into the next quarter. BusinessWire: Q1 Results & Guidance
- Neutral Sentiment: An insider (Director Charles H. Giancarlo) sold 8,000 shares under a pre-arranged Rule 10b5‑1 plan; while headline‑grabbing, it was a scheduled sale and not necessarily a signal of new company-specific negative information. InsiderTrades: Giancarlo Sale
- Negative Sentiment: Gross margin landed slightly below estimates, a possible concern for profitability leverage as revenue scales, and helped temper investor enthusiasm despite the top-line beat. Seeking Alpha: Gross Margin Slightly Below
- Negative Sentiment: Market reaction was sharp: shares fell materially in after‑hours trading even though guidance was roughly in line — suggesting profit-taking, high expectations baked into the stock, and sensitivity to any margin or forward commentary that isn’t clearly bullish. Yahoo: Earnings Top, Shares Tumble
- Negative Sentiment: High valuation and recent run-up make ANET more vulnerable to downside on any perceived softness — the market appears to have punished the stock for anything short of clearly improving margins or upside guidance. CNBC: After‑hours Movers
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. State Street Corp grew its position in shares of Arista Networks by 0.5% in the 3rd quarter. State Street Corp now owns 46,342,551 shares of the technology company’s stock valued at $6,752,573,000 after buying an additional 245,976 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Arista Networks by 1.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock valued at $4,870,618,000 after buying an additional 380,724 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Arista Networks by 1.5% in the 4th quarter. Schroder Investment Management Group now owns 8,716,211 shares of the technology company’s stock valued at $1,142,085,000 after buying an additional 130,295 shares during the last quarter. Amundi grew its position in shares of Arista Networks by 5.3% in the 4th quarter. Amundi now owns 8,573,270 shares of the technology company’s stock valued at $1,123,356,000 after buying an additional 433,742 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Arista Networks by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,452,683 shares of the technology company’s stock valued at $976,525,000 after buying an additional 291,121 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.
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.
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