Arista Networks (NYSE:ANET) Trading 8.3% Higher - What's Next?

Key Points

• Arista Networks' share price rose by 8.3%, closing at $157.37 after trading as high as $158.51, with a significant trading volume of over 11.1 million shares.
• Multiple analysts have upgraded their target prices for Arista Networks, with estimates now ranging from $140.00 to $185.00 and a consensus rating of Moderate Buy.
• The company reported a 30.4% increase in revenue year-over-year, achieving $2.20 billion in revenue and an EPS of $0.73, surpassing analysts' expectations.

Arista Networks, Inc. (NYSE:ANET - Get Free Report)'s share price was up 8.3% during trading on Wednesday . The stock traded as high as $158.51 and last traded at $157.37. Approximately 11,158,161 shares changed hands during trading, an increase of 9% from the average daily volume of 10,226,290 shares. The stock had previously closed at $145.29.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their target price on shares of Arista Networks from $135.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. JPMorgan Chase & Co. boosted their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Wells Fargo & Company upped their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Melius Research upped their target price on shares of Arista Networks from $160.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Finally, Needham & Company LLC increased their target price on Arista Networks from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, September 16th. Nineteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $162.00.

Arista Networks Trading Up 8.3%

The company has a 50 day moving average price of $138.70 and a 200 day moving average price of $107.40. The company has a market capitalization of $197.79 billion, a P/E ratio of 61.90, a P/E/G ratio of 3.12 and a beta of 1.47.

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

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 1,247,688 shares of the business's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the sale, the chief executive officer directly owned 5,383,207 shares in the company, valued at $799,567,735.71. The trade was a 18.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the completion of the sale, the director directly owned 41,784 shares of the company's stock, valued at approximately $6,162,722.16. The trade was a 16.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,678,904 shares of company stock worth $894,021,161 over the last quarter. Company insiders own 3.54% of the company's stock.

Institutional Trading of Arista Networks

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Arista Networks by 1.2% in the second quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company's stock valued at $10,127,984,000 after buying an additional 1,136,167 shares during the period. Cresset Asset Management LLC lifted its position in Arista Networks by 1.0% during the second quarter. Cresset Asset Management LLC now owns 26,374,373 shares of the technology company's stock worth $2,698,362,000 after purchasing an additional 263,272 shares during the period. Geode Capital Management LLC lifted its position in Arista Networks by 0.5% during the second quarter. Geode Capital Management LLC now owns 25,576,483 shares of the technology company's stock worth $2,606,694,000 after purchasing an additional 128,977 shares during the period. Alliancebernstein L.P. lifted its position in Arista Networks by 9.0% during the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock worth $1,778,880,000 after purchasing an additional 1,889,198 shares during the period. Finally, Nuveen LLC bought a new stake in Arista Networks during the first quarter worth about $933,626,000. 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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