Arista Networks (NYSE:ANET) Given "Buy (B-)" Rating at Weiss Ratings

Key Points

• Arista Networks received a "Buy (B-)" rating from Weiss Ratings, indicating positive sentiment from analysts regarding its stock performance.
• KeyCorp and Evercore ISI both raised their price targets for Arista Networks significantly, with new targets set at $145.00 and $175.00 respectively, reflecting strong confidence in the company’s growth potential.
• The stock price of Arista Networks decreased by 4.2% on the day, trading at $141.21, despite recent positive earnings exceeding analyst expectations.

Arista Networks (NYSE:ANET - Get Free Report)'s stock had its "buy (b-)" rating restated by equities researchers at Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

ANET has been the subject of a number of other reports. KeyCorp increased their target price on shares of Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Evercore ISI increased their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Melius Research increased their price target on shares of Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Wells Fargo & Company increased their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Finally, Wolfe Research increased their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. Nineteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $163.94.

Arista Networks Stock Down 4.2%

NYSE ANET traded down $6.24 during trading hours on Tuesday, hitting $141.21. 6,499,687 shares of the stock were exchanged, compared to its average volume of 10,223,256. The company has a market cap of $177.48 billion, a price-to-earnings ratio of 55.45, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47. Arista Networks has a 12-month low of $59.43 and a 12-month high of $162.68. The stock has a 50-day moving average of $141.39 and a 200 day moving average of $109.58.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the prior year, the company posted $0.53 earnings per share. The firm's revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Arista Networks will post 2.2 earnings per share for the current year.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the sale, the chief executive officer owned 5,698,074 shares of the company's stock, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 6,678,904 shares of company stock valued at $894,021,161. Insiders own 3.54% of the company's stock.

Institutional Investors Weigh In On Arista Networks

Hedge funds have recently made changes to their positions in the business. Bare Financial Services Inc raised its holdings in shares of Arista Networks by 2,118.2% during the second quarter. Bare Financial Services Inc now owns 244 shares of the technology company's stock valued at $25,000 after buying an additional 233 shares during the last quarter. HighMark Wealth Management LLC lifted its stake in Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after purchasing an additional 230 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Arista Networks by 56.7% during the third quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company's stock valued at $29,000 after purchasing an additional 72 shares during the last quarter. Cloud Capital Management LLC acquired a new stake in Arista Networks during the first quarter valued at approximately $30,000. Finally, Saudi Central Bank purchased a new position in Arista Networks during the 1st quarter worth approximately $33,000. Institutional investors own 82.47% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.