Arista Networks (NYSE:ANET) Trading 3.4% Higher - Here's Why

Key Points

• Arista Networks' stock increased by 3.4% during mid-day trading, reaching a high of $145.39, following a previous close of $138.79.
• Multiple analysts have raised their price targets for Arista Networks, with some setting targets as high as $179.00, indicating strong Buy confidence, as evidenced by a consensus rating of "Moderate Buy."
• In Q2, Arista Networks posted earnings per share of $0.73, surpassing expectations and showing a year-over-year revenue growth of 30.4%.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) traded up 3.4% during mid-day trading on Wednesday . The company traded as high as $145.39 and last traded at $143.46. 8,623,963 shares changed hands during trading, a decline of 16% from the average session volume of 10,254,789 shares. The stock had previously closed at $138.79.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Evercore ISI raised their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. BNP Paribas Exane upgraded shares of Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 target price on the stock in a research report on Thursday, September 25th. Barclays lifted their price target on shares of Arista Networks from $151.00 to $179.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Finally, The Goldman Sachs Group lifted their price target on shares of Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a report on Friday, September 12th. Nineteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $163.94.

Arista Networks Stock Performance

The firm has a market cap of $180.31 billion, a price-to-earnings ratio of 56.43, a price-to-earnings-growth ratio of 3.07 and a beta of 1.47. The company's fifty day moving average is $141.81 and its two-hundred day moving average is $109.79.

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 for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business's quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 6,678,904 shares of company stock worth $894,021,161. Insiders own 3.54% of the company's stock.

Institutional Investors Weigh In On Arista Networks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its stake in Arista Networks by 56.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company's stock worth $29,000 after buying an additional 72 shares during the period. Bare Financial Services Inc increased its stake in Arista Networks by 2,118.2% during the 2nd quarter. Bare Financial Services Inc now owns 244 shares of the technology company's stock worth $25,000 after buying an additional 233 shares during the period. REAP Financial Group LLC increased its stake in Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock worth $34,000 after buying an additional 175 shares during the period. Nova Wealth Management Inc. increased its stake in Arista Networks by 215.7% during the 3rd quarter. Nova Wealth Management Inc. now owns 341 shares of the technology company's stock worth $50,000 after buying an additional 233 shares during the period. Finally, HighMark Wealth Management LLC increased its stake in Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after buying an additional 230 shares during the period. Hedge funds and other institutional investors own 82.47% of the company's stock.

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.

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