Arista Networks' (ANET) "Outperform" Rating Reaffirmed at William Blair

Key Points

• Arista Networks' stock received an "outperform" rating from William Blair, indicating continued analyst confidence in the company's performance.
• Recent earnings showed Arista exceeded expectations with a reported EPS of $0.73 and a revenue of $2.20 billion, reflecting a year-over-year revenue growth of 30.4%.
• Institutional investors hold a significant stake of 82.47% in Arista Networks, with Vanguard Group Inc. recently increasing its share ownership by 1.2%.

Arista Networks (NYSE:ANET - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at William Blair in a research note issued to investors on Friday,RTT News reports.

ANET has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price objective on shares of Arista Networks from $130.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Rosenblatt Securities boosted their price objective on Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday. Evercore ISI upped their price target on Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a research report on Friday. Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Finally, Wedbush began coverage on Arista Networks in a research note on Wednesday, May 28th. They issued an "outperform" rating for the company. Fifteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Arista Networks presently has a consensus rating of "Moderate Buy" and an average target price of $149.73.

Arista Networks Stock Up 1.8%

ANET opened at $153.43 on Friday. The stock has a market capitalization of $192.84 billion, a price-to-earnings ratio of 60.35, a P/E/G ratio of 3.54 and a beta of 1.50. Arista Networks has a twelve month low of $59.43 and a twelve month high of $156.32. The company has a 50-day simple moving average of $126.11 and a 200 day simple moving average of $99.86.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm's quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the business earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Arista Networks will post 2.2 EPS for the current fiscal year.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares of the company's stock, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 6,334,926 shares of company stock valued at $795,392,998 over the last 90 days. Company insiders own 3.39% of the company's stock.

Institutional Trading of Arista Networks

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Arista Networks by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company's stock valued at $10,127,984,000 after purchasing an additional 1,136,167 shares during the period. Cresset Asset Management LLC increased its stake in Arista Networks by 1.0% in the 2nd quarter. Cresset Asset Management LLC now owns 26,374,373 shares of the technology company's stock worth $2,698,362,000 after acquiring an additional 263,272 shares during the last quarter. Geode Capital Management LLC increased its stake in Arista Networks by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 25,576,483 shares of the technology company's stock worth $2,606,694,000 after acquiring an additional 128,977 shares during the last quarter. Alliancebernstein L.P. increased its stake in Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock worth $1,778,880,000 after acquiring an additional 1,889,198 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Arista Networks in the 1st quarter worth approximately $933,626,000. Institutional investors own 82.47% of the company's stock.

Arista Networks Company Profile

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.

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