Arista Networks (ANET) Projected to Post 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 released its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. The business had revenue of $1.93 billion during the quarter, compared to analysts' expectations 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 Stock Performance

ANET stock traded up $0.72 during midday trading on Tuesday, hitting $91.10. 14,128,172 shares of the company's stock were exchanged, compared to its average volume of 9,192,749. Arista Networks has a one year low of $59.43 and a one year high of $133.58. The stock's fifty day moving average price is $79.03 and its 200-day moving average price is $97.62. The company has a market cap of $114.38 billion, a PE ratio of 41.03, a price-to-earnings-growth ratio of 3.10 and a beta of 1.38.

Insider Buying and Selling

In other news, CEO Jayshree Ullal sold 138,351 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $93.88, for a total transaction of $12,988,391.88. Following the transaction, the chief executive officer now owns 92,641 shares in the company, valued at approximately $8,697,137.08. This trade represents a 59.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kenneth Duda sold 80,000 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $115.61, for a total value of $9,248,800.00. Following the completion of the sale, the senior vice president now owns 12,976 shares of the company's stock, valued at $1,500,155.36. This trade represents a 86.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 412,355 shares of company stock valued at $39,259,279. 3.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Arista Networks

A hedge fund recently bought a new stake in Arista Networks stock. Revolve Wealth Partners LLC bought a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company restated an "overweight" rating on shares of Arista Networks in a report on Monday, March 3rd. Erste Group Bank cut shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Citigroup lowered their target price on Arista Networks from $121.00 to $92.00 and set a "buy" rating for the company in a 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. Finally, Barclays reissued an "overweight" rating on shares of Arista Networks in a research report on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, Arista Networks currently has an average rating of "Moderate Buy" and a consensus price target of $108.36.

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.