Arista Networks (NYSE:ANET) Shares Up 9.2% Following Analyst Upgrade

Arista Networks, Inc. (NYSE:ANET) was up 9.2% during trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $188.20 and last traded at $186.5260. Approximately 10,922,617 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 7,930,103 shares. The stock had previously closed at $170.80.

A number of other brokerages have also weighed in on ANET. Rosenblatt Securities restated a “buy” rating and issued a $280.00 price objective on shares of Arista Networks in a report on Wednesday, November 4th. Melius Research set a $305.00 target price on Arista Networks in a research note on Wednesday, November 4th. KeyCorp reissued an “overweight” rating and issued a $250.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Evercore restated an “outperform” rating on shares of Arista Networks in a research note on Monday, November 2nd. Finally, Jefferies Financial Group set a $250.00 price target on Arista Networks in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $240.24.

Insider Buying and Selling at Arista Networks

In other news, insider Kenneth Duda sold 17,333 shares of Arista Networks stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $180.91, for a total value of $3,135,713.03. Following the sale, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $2,347,488.16. The trade was a 57.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark B. Templeton sold 5,000 shares of Arista Networks stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $165.85, for a total value of $829,250.00. Following the completion of the sale, the director directly owned 43,410 shares in the company, valued at approximately $7,199,548.50. The trade was a 10.33% decrease in their position. 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. Over the last quarter, insiders sold 2,067,489 shares of company stock valued at $406,340,373. 2.70% of the stock is currently owned by corporate insiders.

Top Arista Networks Stories

These are some of the ANET stories that stood out recently:

• Positive Sentiment: Arista forecast fourth-quarter revenue of $3.9 billion to $4.0 billion, and management has projected approximately $18.5 billion in fiscal 2027 revenue. The outlook reinforces expectations for continued demand for its data-center networking products. Arista Networks stocks climb as AI cloud rebounds
• Positive Sentiment: KeyCorp raised its earnings forecasts across fiscal 2026 and 2027, including its FY2027 estimate to $6.02 per share from $4.77, and maintained an Overweight rating with a $250 price target. Higher projections signal confidence in Arista’s growth prospects.
• Positive Sentiment: Recent results showed revenue up 58.5% year over year to $3.66 billion and earnings of $1.20 per share, both above analyst expectations—evidence of strong business momentum. Arista Networks: 3 key takeaways for long-term investors

Hedge Funds Weigh In On Arista Networks

Large investors have recently modified their holdings of the stock. Mayflower Financial Advisors LLC increased its position in shares of Arista Networks by 4.5% during the third quarter. Mayflower Financial Advisors LLC now owns 3,227 shares of the technology company’s stock worth $657,000 after acquiring an additional 138 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of Arista Networks during the third quarter valued at $23,375,000. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Arista Networks by 7.7% in the third quarter. Edmond DE Rothschild Holding S.A. now owns 124,350 shares of the technology company’s stock valued at $25,316,000 after acquiring an additional 8,895 shares in the last quarter. Beta Wealth Group Inc. raised its holdings in shares of Arista Networks by 6.2% in the third quarter. Beta Wealth Group Inc. now owns 6,800 shares of the technology company’s stock valued at $1,384,000 after acquiring an additional 400 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its stake in Arista Networks by 32.5% in the third quarter. GW&K Investment Management LLC now owns 987 shares of the technology company’s stock worth $201,000 after acquiring an additional 242 shares during the period. Institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Up 6.4%

The stock’s 50 day moving average is $192.19 and its two-hundred day moving average is $166.23. The company has a market capitalization of $248.65 billion, a PE ratio of 52.91, a price-to-earnings-growth ratio of 1.67 and a beta of 1.61.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.08 by $0.12. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.33 billion. Arista Networks had a net margin of 39.97% and a return on equity of 32.20%. Arista Networks’s revenue was up 58.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. On average, sell-side analysts predict that Arista Networks, Inc. will post 3.99 EPS for the current fiscal year.

About Arista Networks

Arista Networks, Inc. develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks. The company’s software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista’s products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.