Arista Networks (NYSE:ANET - Get Free Report) posted its quarterly earnings results on Tuesday. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08, Briefing.com reports. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.72% and a return on equity of 30.48%. The company's quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. Arista Networks updated its Q3 2025 guidance to EPS.
Arista Networks Price Performance
Shares of ANET stock opened at $118.08 on Wednesday. The firm's 50-day moving average is $102.57 and its two-hundred day moving average is $94.98. Arista Networks has a 12 month low of $59.43 and a 12 month high of $133.57. The company has a market capitalization of $148.30 billion, a PE ratio of 49.98, a price-to-earnings-growth ratio of 3.50 and a beta of 1.37.
Arista Networks announced that its Board of Directors has approved a share buyback plan on Tuesday, May 6th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the technology company to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several research firms recently commented on ANET. BNP Paribas lowered shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Barclays dropped their target price on shares of Arista Networks from $126.00 to $119.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Rosenblatt Securities boosted their target price on shares of Arista Networks from $85.00 to $87.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Citigroup boosted their target price on shares of Arista Networks from $112.00 to $123.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, KGI Securities downgraded shares of Arista Networks to a "neutral" rating in a report on Wednesday, May 7th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Arista Networks presently has a consensus rating of "Moderate Buy" and an average price target of $114.00.
View Our Latest Stock Analysis on ANET
Insider Transactions at Arista Networks
In other Arista Networks news, CEO Jayshree Ullal sold 880,180 shares of Arista Networks stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $124.79, for a total transaction of $109,837,662.20. Following the transaction, the chief executive officer directly owned 5,944,405 shares of the company's stock, valued at $741,802,299.95. The trade was a 12.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $111.19, for a total transaction of $3,335,700.00. Following the transaction, the senior vice president directly owned 12,976 shares in the company, valued at $1,442,801.44. 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 3,443,742 shares of company stock worth $395,523,885 over the last ninety days. 3.54% of the stock is owned by insiders.
Institutional Investors Weigh In On Arista Networks
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bison Wealth LLC purchased a new stake in shares of Arista Networks in the 4th quarter valued at approximately $251,000. Revolve Wealth Partners LLC purchased a new stake in shares of Arista Networks in the 4th quarter valued at approximately $202,000. Finally, Brighton Jones LLC raised its stake 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 acquiring an additional 5,955 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.
About Arista Networks
(
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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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