Arista Networks (ANET) Projected to Post Quarterly Earnings on Tuesday

Arista Networks (NYSE:ANET - Get Free Report) is projected to post its Q1 2025 quarterly earnings results after the market closes on Tuesday, May 6th. Analysts expect Arista Networks to post earnings of $0.60 per share and revenue of $1.97 billion for the quarter. Arista Networks has set its Q1 2025 guidance at EPS.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, February 18th. The technology company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.90 billion. Arista Networks had a net margin of 40.72% and a return on equity of 29.91%. On average, analysts expect Arista Networks to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Arista Networks Trading Up 3.7 %

Shares of Arista Networks stock traded up $3.24 on Friday, hitting $91.08. 11,074,320 shares of the company traded hands, compared to its average volume of 9,175,009. Arista Networks has a 12-month low of $59.43 and a 12-month high of $133.58. The firm's 50-day simple moving average is $79.15 and its 200 day simple moving average is $97.69. The company has a market cap of $114.36 billion, a P/E ratio of 41.03, a P/E/G ratio of 3.10 and a beta of 1.38.

Analyst Upgrades and Downgrades

ANET has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $145.00 target price on shares of Arista Networks in a research note on Wednesday, February 19th. Citigroup lowered their price objective on Arista Networks from $121.00 to $92.00 and set a "buy" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group restated a "buy" rating on shares of Arista Networks in a report on Monday, March 3rd. Rosenblatt Securities raised shares of Arista Networks from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $55.00 to $85.00 in a research note on Tuesday, April 29th. Finally, Piper Sandler dropped their price target on shares of Arista Networks from $108.00 to $76.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, Arista Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $108.36.

Insiders Place Their Bets

In related news, Director Kelly Bodnar Battles sold 1,488 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $107.13, for a total transaction of $159,409.44. Following the sale, the director now directly owns 8,128 shares of the company's stock, valued at approximately $870,752.64. This represents a 15.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kenneth Duda sold 80,000 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $115.61, for a total transaction of $9,248,800.00. Following the completion of the transaction, the senior vice president now owns 12,976 shares in the company, valued at approximately $1,500,155.36. This represents a 86.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 412,355 shares of company stock worth $39,446,799. 3.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Arista Networks stock. Revolve Wealth Partners LLC purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,830 shares of the technology company's stock, valued at approximately $202,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

About Arista Networks

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.