Arista Networks, Inc. (NYSE:ANET – Get Free Report) was up 4.5% during mid-day trading on Tuesday . The stock traded as high as $142.94 and last traded at $142.5960. Approximately 12,664,754 shares traded hands during trading, an increase of 48% from the average daily volume of 8,578,232 shares. The stock had previously closed at $136.43.
Key Stories Impacting Arista Networks
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: Analysts at Truist view Arista Networks’ post-Q1 pullback as a buying opportunity, pointing to continued AI-related networking demand and upside in the shares. Truist Views Arista Networks (ANET)’s Post-Q1 Sell-Off As An Attractive Buying Opportunity
- Positive Sentiment: Coverage from Yahoo Finance and other outlets reinforced Arista’s position as a key AI networking play, highlighting demand for low-latency, high-throughput data center networks that support large GPU clusters. Why Arista Networks (ANET) Is a Key Networking Play for AI Data Centers
- Positive Sentiment: Investors continue to focus on Arista’s AI-focused products, including its XPO high-density optics and 7800 universal AI spine, which suggest it is benefiting from next-generation data center buildouts. AI-Fueled Demand Amid Supply Strains Might Change The Case For Investing In Arista Networks (ANET)
- Neutral Sentiment: Arista’s presentation at the Needham Technology, Media, & Consumer Conference kept the stock in focus, but the item appears informational rather than a new catalyst. Arista Networks, Inc. (ANET) Presents at 21st Annual Needham Technology, Media, & Consumer Conference Transcript
- Neutral Sentiment: Comparison articles versus Jabil argued that Jabil may be the stronger AI-driven tech stock on valuation grounds, which could temper enthusiasm for ANET without changing the longer-term AI demand story. Arista vs. Jabil: Which AI-Driven Tech Stock Looks Stronger Now?
- Negative Sentiment: Some commentary noted ongoing supply-chain constraints and margin pressure, which could limit near-term upside even as demand remains strong. AI-Fueled Demand Amid Supply Strains Might Change The Case For Investing In Arista Networks (ANET)
Analyst Upgrades and Downgrades
Several analysts have issued reports on ANET shares. UBS Group reaffirmed a “buy” rating and set a $187.00 price target (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. TD Cowen reissued a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Barclays reissued an “overweight” rating and issued a $195.00 price objective (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. KeyCorp reissued an “overweight” rating and issued a $178.00 price objective (up from $170.00) on shares of Arista Networks in a research report on Friday, February 13th. Finally, Piper Sandler reissued an “overweight” rating and issued a $181.00 price objective (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $182.83.
Arista Networks Price Performance
The company has a market capitalization of $186.06 billion, a P/E ratio of 50.60, a price-to-earnings-growth ratio of 2.17 and a beta of 1.67. The company’s 50-day moving average price is $144.43 and its two-hundred day moving average price is $137.61.
Arista Networks (NYSE:ANET – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The company’s revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts anticipate that Arista Networks, Inc. will post 3.26 earnings per share for the current fiscal year.
Insider Transactions at Arista Networks
In related news, CEO Jayshree Ullal sold 428,000 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the transaction, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at approximately $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $134.14, for a total transaction of $4,292,480.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $1,740,600.64. This represents a 71.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,502,729 shares of company stock worth $246,707,719. 3.39% of the stock is owned by insiders.
Hedge Funds Weigh In On Arista Networks
A number of hedge funds have recently bought and sold shares of ANET. Norges Bank bought a new position in Arista Networks during the fourth quarter worth about $1,558,563,000. Massachusetts Financial Services Co. MA grew its stake in Arista Networks by 2,829.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,721,156 shares of the technology company’s stock worth $833,630,000 after buying an additional 5,525,828 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Arista Networks by 82.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock worth $1,396,939,000 after buying an additional 4,332,659 shares in the last quarter. M&T Bank Corp grew its stake in Arista Networks by 3,182.7% during the fourth quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock worth $525,741,000 after buying an additional 3,890,146 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Arista Networks by 59.3% during the fourth quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock worth $1,032,302,000 after buying an additional 2,934,098 shares in the last quarter. 82.47% of the stock is owned by 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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