Arista Networks (NYSE:ANET) Hits New 52-Week High - What's Next?

Key Points

• Arista Networks reached a new 52-week high of $146.68, with increased trading volume of 423,636 shares, indicating strong market interest.
• The financial performance was robust, with the company reporting $0.73 EPS, exceeding the consensus estimate by $0.08, alongside a revenue growth of 30.4% year-over-year.
• Analyst sentiment remains positive, with a consensus rating of "Moderate Buy" and a target price of $138.79, although one analyst downgraded its rating to "neutral".

Arista Networks, Inc. (NYSE:ANET - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $146.25 and last traded at $146.68, with a volume of 423636 shares. The stock had previously closed at $141.91.

Analyst Ratings Changes

Several research analysts have commented on the company. Wedbush assumed coverage on Arista Networks in a research note on Wednesday, May 28th. They issued an "outperform" rating for the company. Citigroup raised their price target on Arista Networks from $123.00 to $136.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Redburn Atlantic initiated coverage on Arista Networks in a report on Wednesday, May 28th. They issued a "buy" rating and a $112.00 price target on the stock. Barclays reaffirmed an "overweight" rating and issued a $151.00 price target (up previously from $119.00) on shares of Arista Networks in a report on Thursday, August 7th. Finally, BNP Paribas Exane cut Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 price target on the stock. in a report on Wednesday, June 11th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $138.79.

Arista Networks Price Performance

The stock has a market capitalization of $189.09 billion, a PE ratio of 59.06, a PEG ratio of 3.29 and a beta of 1.50. The company has a 50 day moving average price of $124.09 and a 200-day moving average price of $99.08.

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

Insider Activity at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 438,764 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $143.84, for a total value of $63,111,813.76. Following the sale, the chief executive officer directly owned 5,563,176 shares of the company's stock, valued at approximately $800,207,235.84. The trade was a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kenneth Duda sold 30,000 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $136.51, for a total value of $4,095,300.00. Following the completion of the sale, the senior vice president directly owned 12,976 shares in the company, valued at $1,771,353.76. This trade represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,278,378 shares of company stock worth $787,274,967 over the last ninety days. 3.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. DSG Capital Advisors LLC bought a new position in shares of Arista Networks during the fourth quarter valued at $5,984,000. Ibex Wealth Advisors lifted its holdings in shares of Arista Networks by 14.4% during the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock valued at $4,501,000 after purchasing an additional 7,329 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Arista Networks during the first quarter valued at $629,000. Commonwealth Equity Services LLC lifted its holdings in shares of Arista Networks by 19.8% during the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock valued at $47,519,000 after purchasing an additional 101,162 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in shares of Arista Networks during the first quarter valued at $15,227,000. 82.47% of the stock is owned by institutional investors.

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.

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