Arista Networks (NYSE:ANET) Shares Up 3.7% – Here’s Why

Shares of Arista Networks, Inc. (NYSE:ANET) were up 3.7% on Monday . The stock traded as high as $169.28 and last traded at $169.1990. Approximately 7,206,097 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 8,751,271 shares. The stock had previously closed at $163.24.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ANET shares. TD Cowen reiterated a “buy” rating and issued a $200.00 target price (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Wolfe Research reiterated an “outperform” rating and issued a $175.00 target price on shares of Arista Networks in a report on Wednesday, June 10th. Citigroup lowered their target price on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Raymond James Financial upgraded 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. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $185.00 price target on shares of Arista Networks in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Arista Networks currently has an average rating of “Buy” and an average price target of $186.47.

Arista Networks Stock Performance

The stock has a fifty day moving average price of $154.43 and a 200-day moving average price of $140.12. The firm has a market capitalization of $213.06 billion, a PE ratio of 57.94, a P/E/G ratio of 2.52 and a beta of 1.61.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the business posted $0.65 EPS. The business’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. Research analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 428,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer directly owned 5,209,207 shares in the company, valued at $924,321,690.08. The trade was a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $163.31, for a total value of $5,225,920.00. Following the transaction, the insider owned 12,976 shares in the company, valued at approximately $2,119,110.56. This trade represents a 71.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,401,747 shares of company stock worth $388,633,539 in the last ninety days. 2.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Arista Networks by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock worth $13,258,877,000 after buying an additional 1,188,799 shares during the last quarter. State Street Corp grew its stake in Arista Networks by 1.4% during the 4th quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock worth $6,154,570,000 after buying an additional 628,146 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Arista Networks by 1.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock worth $4,870,618,000 after buying an additional 380,724 shares during the last quarter. Geode Capital Management LLC grew its stake in Arista Networks by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock worth $3,455,095,000 after buying an additional 477,625 shares during the last quarter. Finally, Norges Bank purchased a new position in Arista Networks during the 4th quarter worth $1,558,563,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

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.