FY2026 EPS Estimates for Arista Networks Boosted by KeyCorp

Key Points

• KeyCorp raised its FY2026 EPS estimate for Arista Networks to $4.04 from $3.79 and forecast FY2027 EPS of $6.02. It maintained an “Overweight” rating and a $250 price target.
• Arista beat quarterly expectations, reporting EPS of $1.20 versus $1.08 estimated and revenue of $3.66 billion versus $3.33 billion expected; revenue rose 58.5% year over year.
• Analyst sentiment is broadly positive: the stock has a consensus “Buy” rating and an average price target of $240.24, with 24 analysts rating it Buy or Strong Buy and one rating it Hold.

Arista Networks, Inc. (NYSE:ANET - Free Report) - Analysts at KeyCorp lifted their FY2026 earnings estimates for shares of Arista Networks in a research report issued on Tuesday, November 3rd. KeyCorp analyst B. Nispel now expects that the technology company will post earnings of $4.04 per share for the year, up from their prior forecast of $3.79. KeyCorp has an "Overweight" rating and a $250.00 price objective on the stock. The consensus estimate for Arista Networks' current full-year earnings is $3.99 per share. KeyCorp also issued estimates for Arista Networks' Q1 2027 earnings at $1.32 EPS, Q2 2027 earnings at $1.47 EPS, Q3 2027 earnings at $1.58 EPS, Q4 2027 earnings at $1.65 EPS and FY2027 earnings at $6.02 EPS.

A number of other analysts also recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Arista Networks from $250.00 to $270.00 and gave the company an "overweight" rating in a report on Wednesday, November 4th. Bank of America reaffirmed a "buy" rating and set a $240.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. BNP Paribas Exane raised Arista Networks to a "strong-buy" rating in a report on Wednesday, October 14th. Truist Financial upped their price target on Arista Networks from $234.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, November 4th. Finally, Jefferies Financial Group set a $250.00 price target on Arista Networks in a research report on Wednesday, August 5th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $240.24.

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $185.13 on Wednesday. Arista Networks has a 52 week low of $114.52 and a 52 week high of $217.41. The firm has a market cap of $233.90 billion, a PE ratio of 49.77, a price-to-earnings-growth ratio of 1.67 and a beta of 1.61. The firm's fifty day moving average is $192.19 and its 200-day moving average is $166.23.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.12. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.33 billion. Arista Networks had a net margin of 39.97% and a return on equity of 32.20%. The company's revenue was up 58.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 EPS.

Hedge Funds Weigh In On Arista Networks

Several hedge funds and other institutional investors have recently bought and sold shares of ANET. Main Street Group LTD bought a new position in shares of Arista Networks in the 1st quarter worth about $26,000. William Mack & Associates Inc. bought a new stake in shares of Arista Networks during the 3rd quarter valued at about $27,000. ABS Investment Management LLC bought a new stake in shares of Arista Networks during the 2nd quarter valued at about $29,000. ABS Direct Equity Fund LLC bought a new position in shares of Arista Networks during the 2nd quarter worth approximately $29,000. Finally, Kelleher Financial Advisors acquired a new stake in Arista Networks in the second quarter worth $31,000. Institutional investors and hedge funds own 82.47% of the company's stock.

Insiders Place Their Bets

In other news, CEO Jayshree Ullal sold 460,374 shares of the company's stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $212.09, for a total value of $97,640,721.66. Following the sale, the chief executive officer directly owned 4,811,207 shares of the company's stock, valued at approximately $1,020,408,892.63. This represents a 8.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $202.60, for a total transaction of $60,780,000.00. Following the sale, the insider owned 180,843,048 shares of the company's stock, valued at approximately $36,638,801,524.80. This trade represents a 0.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 2,067,489 shares of company stock worth $406,340,373. 2.70% of the stock is currently owned by insiders.

Key Headlines Impacting Arista Networks

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: KeyCorp raised its earnings estimates across fiscal 2026 and 2027, including lifting its FY2027 EPS forecast from $4.77 to $6.02. The firm maintained an “Overweight” rating and a $250 price target, signaling confidence in Arista’s growth prospects.
• Positive Sentiment: Arista’s latest quarter showed 58.5% year-over-year revenue growth and earnings above analysts’ expectations. Management’s approximately $18.5 billion FY2027 revenue outlook points to continued demand for its networking products. Arista Networks: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Major shareholder Andreas Bechtolsheim sold 260,000 shares under a pre-arranged Rule 10b5-1 plan. The sale was a small reduction—about 0.14% of his stake—while he retained a very large holding, so it may have limited significance for investors. Insider Selling: Arista Networks major shareholder sells shares
• Negative Sentiment: Despite the company’s strong results and outlook, a broader AI-hardware selloff has pressured the sector and could keep a lid on ANET shares in the near term.

Arista Networks Company Profile

Arista Networks, Inc. develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks. The company's software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista's products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.

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