Arista Networks, Inc. (NYSE:ANET) Given Consensus Rating of “Buy” by Brokerages

Arista Networks, Inc. (NYSE:ANET) has been assigned an average recommendation of “Buy” from the twenty-five analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, twenty-two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $226.05.

ANET has been the subject of a number of research analyst reports. UBS Group reaffirmed a “buy” rating and set a $259.00 price target (up from $187.00) on shares of Arista Networks in a research report on Wednesday, August 5th. 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 research note on Wednesday, August 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $220.00 target price (up from $190.00) on shares of Arista Networks in a research report on Wednesday, August 5th. KeyCorp reiterated an “overweight” rating and set a $250.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target on the stock in a report on Friday, May 15th.

Insider Activity at Arista Networks

In other news, insider Kenneth Duda sold 26,000 shares of the stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $170.51, for a total transaction of $4,433,260.00. Following the completion of the transaction, the insider directly owned 462,400 shares of the company’s stock, valued at $78,843,824. This represents a 5.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 111,848 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $192.75, for a total transaction of $21,558,702.00. Following the sale, the insider owned 109,833 shares of the company’s stock, valued at approximately $21,170,310.75. The trade was a 50.45% 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. In the last ninety days, insiders sold 4,335,168 shares of company stock worth $798,637,629. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Arista Networks

Several institutional investors have recently bought and sold shares of the company. Main Street Group LTD purchased a new stake in Arista Networks in the first quarter worth $26,000. Sankala Group LLC purchased a new position in shares of Arista Networks during the 4th quarter valued at $27,000. Prosperity Bancshares Inc purchased a new position in shares of Arista Networks during the 4th quarter valued at $28,000. ABS Investment Management LLC bought a new position in shares of Arista Networks during the 2nd quarter worth $29,000. Finally, Hilton Head Capital Partners LLC grew its stake in shares of Arista Networks by 184.9% during the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after acquiring an additional 159 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

NYSE:ANET opened at $202.05 on Tuesday. The firm has a market cap of $254.83 billion, a price-to-earnings ratio of 63.74, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. Arista Networks has a 52 week low of $114.52 and a 52 week high of $214.89. The firm has a 50-day moving average price of $175.00 and a two-hundred day moving average price of $155.18.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the firm earned $0.73 EPS. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, sell-side analysts forecast that Arista Networks will post 3.7 earnings per share for the current year.

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.