Arista Networks (NYSE:ANET) Shares Up 8.3% – Still a Buy?

Shares of Arista Networks, Inc. (NYSE:ANET) traded up 8.3% on Monday . The company traded as high as $177.20 and last traded at $173.29. Approximately 8,188,711 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 8,761,646 shares. The stock had previously closed at $159.99.

Analyst Ratings Changes

Several research analysts recently weighed in on ANET shares. Bank of America raised their target price on Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Truist Financial set a $175.00 price target on Arista Networks in a research note on Wednesday, May 6th. Wolfe Research reissued an “outperform” rating and set a $175.00 price target on shares of Arista Networks in a research report on Wednesday, June 10th. Weiss Ratings lowered Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Finally, Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Arista Networks presently has a consensus rating of “Buy” and a consensus target price of $187.63.

Arista Networks Price Performance

The firm has a fifty day simple moving average of $159.07 and a 200 day simple moving average of $144.04. The company has a market cap of $218.21 billion, a price-to-earnings ratio of 59.35, a P/E/G ratio of 2.47 and a beta of 1.60.

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

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 428,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the sale, the chief executive officer 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $165.57, for a total value of $43,048,200.00. Following the sale, the insider owned 182,543,048 shares in the company, valued at approximately $30,223,652,457.36. This represents a 0.14% decrease in their ownership of the stock. 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 2,639,080 shares of company stock valued at $430,322,162 in the last ninety days. 2.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arista Networks

Several institutional investors and hedge funds have recently bought and sold shares of ANET. Board of the Pension Protection Fund bought a new stake in Arista Networks in the fourth quarter valued at about $26,000. Main Street Group LTD acquired a new stake in Arista Networks during the first quarter valued at approximately $26,000. Sankala Group LLC bought a new stake in shares of Arista Networks in the 4th quarter valued at approximately $27,000. Prosperity Bancshares Inc bought a new stake in shares of Arista Networks in the 4th quarter valued at approximately $28,000. Finally, Knuff & Co LLC acquired a new position in shares of Arista Networks in the 3rd quarter worth approximately $29,000. Institutional investors own 82.47% of the company’s stock.

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.