Arista Networks, Inc. (NYSE:ANET) Receives Average Rating of "Buy" from Analysts

Key Points

• Arista Networks has an average analyst rating of "Buy" from 23 analysts, with 19 buys, 2 strong buys, and 2 holds. The average 12-month price target is about $185.72.
• Recent analyst actions were mixed, with firms like Needham and Barclays reiterating bullish views, while Zacks Research downgraded the stock to hold. Barclays also raised its target to $195.
• The company reported strong Q1 results, beating EPS and revenue expectations, and revenue rose 35.1% year over year. However, insiders, including CEO Jayshree Ullal, recently sold shares in pre-arranged transactions.

Shares of Arista Networks, Inc. (NYSE:ANET - Get Free Report) have received an average rating of "Buy" from the twenty-three analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $185.7222.

A number of analysts have recently issued reports on ANET shares. Needham & Company LLC reiterated a "buy" rating and set a $185.00 target price on shares of Arista Networks in a report on Wednesday, May 6th. Barclays reiterated an "overweight" rating and set a $195.00 target price (up from $184.00) on shares of Arista Networks in a report on Thursday, May 7th. Weiss Ratings upgraded Arista Networks from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, May 15th. Truist Financial set a $175.00 target price on Arista Networks in a report on Wednesday, May 6th. Finally, Zacks Research cut Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 14th.

Insiders Place Their Bets

In other Arista Networks news, insider Kenneth Duda sold 32,000 shares of the company's stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $163.31, for a total value of $5,225,920.00. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at $2,119,110.56. This represents a 71.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the company's stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the transaction, the chief executive officer owned 5,209,207 shares of the company's stock, valued at approximately $924,321,690.08. This represents a 7.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,706,885 shares of company stock worth $277,584,100 in the last 90 days. 2.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Arista Networks

A number of institutional investors and hedge funds have recently bought and sold shares of ANET. Brighton Jones LLC raised its position in shares of Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock valued at $863,000 after purchasing an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at approximately $202,000. Bison Wealth LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at approximately $251,000. Sivia Capital Partners LLC raised its position in shares of Arista Networks by 48.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company's stock valued at $1,097,000 after purchasing an additional 3,496 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of Arista Networks by 31.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company's stock valued at $429,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $154.17 on Thursday. Arista Networks has a 1 year low of $83.86 and a 1 year high of $179.80. The stock has a market capitalization of $194.13 billion, a P/E ratio of 52.80, a PEG ratio of 2.43 and a beta of 1.67. The stock has a 50-day simple moving average of $146.62 and a 200-day simple moving average of $137.31.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The business had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.62 billion. During the same quarter in the previous year, the business earned $0.65 EPS. The company's revenue for the quarter was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Analysts predict that Arista Networks will post 3.28 earnings per share for the current year.

About Arista Networks

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista's offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista's product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company's hardware platforms.

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