Q4 Earnings Forecast for Arista Networks Issued By KeyCorp

Key Points

• KeyCorp raised its Q4 2026 EPS estimate for Arista Networks to $1.19 from $1.06, maintaining an Overweight rating and a $250 price target.
• Arista’s latest reported quarter beat expectations, with EPS of $1.20 versus $1.08 forecast and revenue of $3.66 billion versus $3.33 billion; revenue grew 58.5% year over year.
• Analyst views are broadly positive: the consensus rating is Buy with a $240.24 target price, though recent price-target changes have been mixed.

Arista Networks, Inc. (NYSE:ANET - Free Report) - Analysts at KeyCorp upped their Q4 2026 earnings per share estimates for shares of Arista Networks in a note issued to investors on Tuesday, November 3rd. KeyCorp analyst B. Nispel now anticipates that the technology company will post earnings per share of $1.19 for the quarter, up from their prior estimate of $1.06. KeyCorp currently has an "Overweight" rating and a $250.00 price objective on the stock. The consensus estimate for Arista Networks' current full-year earnings is $3.85 per share.

A number of other equities research analysts have also recently commented on ANET. Barclays dropped their price objective on shares of Arista Networks from $289.00 to $236.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 4th. Truist Financial boosted their target price on shares of Arista Networks from $234.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday, November 4th. The Goldman Sachs Group reissued a "buy" rating and set a $225.00 price target on shares of Arista Networks in a report on Wednesday, August 5th. Morgan Stanley reissued an "overweight" rating and set a $230.00 price target (up from $220.00) on shares of Arista Networks in a report on Wednesday, November 4th. Finally, Evercore restated an "outperform" rating on shares of Arista Networks in a research report on Monday, November 2nd. 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $240.24.

Arista Networks Trading Up 9.2%

Shares of NYSE:ANET opened at $186.53 on Tuesday. Arista Networks has a 12-month low of $114.52 and a 12-month high of $217.41. The business has a 50 day moving average of $192.41 and a two-hundred day moving average of $165.99. The company has a market capitalization of $235.25 billion, a PE ratio of 49.58, a PEG ratio of 2.06 and a beta of 1.61.

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

Insiders Place Their Bets

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $198.95, for a total transaction of $59,685,000.00. Following the transaction, the insider directly owned 180,543,048 shares of the company's stock, valued at $35,919,039,399.60. This trade represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 573,509 shares of Arista Networks stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $208.13, for a total transaction of $119,364,428.17. Following the completion of the sale, the chief executive officer owned 25,000 shares in the company, valued at approximately $5,203,250. This trade represents a 95.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,640,998 shares of company stock valued at $525,704,801 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Arista Networks

A number of institutional investors have recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Arista Networks by 159.4% in the second quarter. State Street Corp now owns 121,303,125 shares of the technology company's stock worth $20,606,975,000 after buying an additional 74,541,134 shares in the last quarter. Jupiter Topco LLC acquired a new stake in Arista Networks in the 2nd quarter valued at about $1,101,860,000. Envestnet Asset Management Inc. raised its holdings in Arista Networks by 199.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company's stock valued at $1,635,978,000 after acquiring an additional 6,409,612 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in Arista Networks in the 2nd quarter worth approximately $537,736,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in Arista Networks by 34.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company's stock worth $1,712,788,000 after purchasing an additional 2,497,275 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks News Summary

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

• Positive Sentiment: Arista’s latest quarter delivered strong growth: revenue rose 58.5% year over year and earnings exceeded expectations. The company’s roughly $18.5 billion 2027 revenue outlook reinforces the case that demand for AI networking remains robust. AI-driven revenue beat lifts the tape, but momentum remains mixed
• Positive Sentiment: Analyst coverage highlights Arista’s potential to benefit from a large AI networking opportunity, and momentum-focused investors point to its earnings surprises and growth projections as favorable. Arista Networks Is Tapping a $200 Billion AI Opportunity
• Neutral Sentiment: Arista has committed $11.4 billion to suppliers as it prepares to meet expected demand. Those purchases support its growth plans, but also raise the importance of delivering on its 2027 revenue outlook. Arista’s supplier commitments and 2027 outlook
• Negative Sentiment: Shares have faced pressure from a broad AI-hardware selloff, with reports describing a sharp weekly decline despite the company’s strong results and outlook. This sector-driven weakness may continue to weigh on near-term trading. Arista Sinks 14% in a Week Despite an $18.55 Billion 2027 Outlook
• Negative Sentiment: Analyst price-target revisions are mixed, reflecting uncertainty over how much investors should pay for Arista’s AI-driven growth. Arista Networks Stock Sees Modest Fair Value Lift After Analyst Revisions

About Arista Networks

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.

Founded in 2004 and headquartered in Santa Clara, California, Arista serves customers worldwide.

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