Arista Networks (ANET) Expected to Announce Quarterly Earnings on Tuesday

Arista Networks (NYSE:ANET - Get Free Report) is projected to release its Q4 2024 earnings data after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.57 per share and revenue of $1.90 billion for the quarter. Arista Networks has set its Q1 2025 guidance at EPS.Parties that are interested in registering for the company's conference call can do so using this link.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. The business had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.90 billion. Arista Networks had a return on equity of 30.52% and a net margin of 40.29%. On average, analysts expect Arista Networks to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Arista Networks Price Performance

ANET stock traded down $7.24 during mid-day trading on Wednesday, reaching $103.82. 21,674,239 shares of the company traded hands, compared to its average volume of 9,768,424. Arista Networks has a 52-week low of $60.08 and a 52-week high of $133.57. The company has a market capitalization of $130.79 billion, a P/E ratio of 49.91, a P/E/G ratio of 2.87 and a beta of 1.09. The company has a fifty day moving average price of $114.08 and a 200-day moving average price of $101.54.

Analysts Set New Price Targets

ANET has been the topic of a number of analyst reports. Citigroup upped their target price on shares of Arista Networks from $115.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday. StockNews.com downgraded Arista Networks from a "buy" rating to a "hold" rating in a research report on Thursday, December 12th. Piper Sandler restated a "neutral" rating and set a $108.00 target price (up from $106.00) on shares of Arista Networks in a research report on Wednesday. Barclays raised their price target on Arista Networks from $125.00 to $126.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, UBS Group boosted their price objective on Arista Networks from $106.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $113.79.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 71,036 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $100.06, for a total transaction of $7,107,506.98. Following the completion of the sale, the chief executive officer now directly owns 70,724 shares in the company, valued at $7,076,289.82. This represents a 50.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kenneth Duda sold 80,000 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $108.29, for a total transaction of $8,663,200.00. Following the completion of the sale, the senior vice president now directly owns 12,976 shares in the company, valued at approximately $1,405,171.04. This trade represents a 86.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 337,320 shares of company stock worth $37,946,706 over the last three months. Company insiders own 3.54% of the company's stock.

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.