Arista Networks (NYSE:ANET) Trading Up 1% - Here's What Happened

Key Points

• Arista Networks' stock price increased by 1%, closing at $154.32, with trading volume significantly lower than average at approximately 5.17 million shares.
• Several analysts have recently upgraded their ratings, with Wells Fargo raising their price target to $175.00 and Morgan Stanley setting a target of $171.00, reflecting a strong overall consensus of a Moderate Buy.
• The company reported strong quarterly earnings, with an EPS of $0.73 and revenues of $2.20 billion, exceeding analysts’ expectations and showcasing a 30.4% year-over-year revenue increase.

Arista Networks, Inc. (NYSE:ANET - Get Free Report)'s share price was up 1% on Friday . The stock traded as high as $155.83 and last traded at $154.32. Approximately 5,167,789 shares traded hands during trading, a decline of 49% from the average daily volume of 10,114,186 shares. The stock had previously closed at $152.76.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ANET shares. Morgan Stanley set a $171.00 price objective on shares of Arista Networks and gave the company an "overweight" rating in a research report on Friday, October 10th. Wells Fargo & Company boosted 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. BNP Paribas raised shares of Arista Networks from a "hold" rating to an "outperform" rating in a research note on Thursday, September 25th. UBS Group boosted their price target on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Melius Research boosted their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Nineteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $163.94.

Arista Networks Stock Up 1.0%

The firm's 50-day moving average is $142.88 and its 200-day moving average is $113.06. The company has a market cap of $193.96 billion, a PE ratio of 60.70, a PEG ratio of 3.06 and a beta of 1.47.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly 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 net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the previous year, the company earned $0.53 earnings per share. Arista Networks's quarterly revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the business's stock in a transaction dated 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 $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles H. Giancarlo sold 58,000 shares of the business's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $148.42, for a total transaction of $8,608,360.00. The disclosure for this sale can be found here. Insiders have sold 6,617,342 shares of company stock worth $888,707,954 in the last quarter. 3.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Arista Networks

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pinnacle Bancorp Inc. grew its holdings in Arista Networks by 590.7% in the third quarter. Pinnacle Bancorp Inc. now owns 594 shares of the technology company's stock worth $87,000 after purchasing an additional 508 shares during the period. MGO One Seven LLC lifted its stake in shares of Arista Networks by 3.9% in the third quarter. MGO One Seven LLC now owns 46,568 shares of the technology company's stock worth $6,785,000 after buying an additional 1,768 shares in the last quarter. Tema Etfs LLC grew its holdings in shares of Arista Networks by 388.4% during the third quarter. Tema Etfs LLC now owns 38,400 shares of the technology company's stock valued at $5,595,000 after buying an additional 30,538 shares during the last quarter. Bristlecone Advisors LLC increased its position in shares of Arista Networks by 0.7% during the third quarter. Bristlecone Advisors LLC now owns 16,435 shares of the technology company's stock valued at $2,395,000 after acquiring an additional 120 shares in the last quarter. Finally, Warwick Investment Management Inc. bought a new stake in shares of Arista Networks during the third quarter valued at approximately $239,000. Hedge funds and other 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.

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