Needham & Company LLC Issues Positive Forecast for Arista Networks (NYSE:ANET) Stock Price

Key Points

• Needham & Company LLC has raised its price target for Arista Networks from $155.00 to $160.00, indicating a potential upside of 10% based on the stock's last closing price.
• In recent reports, several analysts have upgraded Arista Networks’ stock rating, with JPMorgan and Evercore ISI increasing their price targets to $175.00.
• Arista Networks reported an earnings per share (EPS) of $0.73 for the last quarter, exceeding expectations and showing a year-over-year revenue growth of 30.4%.

Arista Networks (NYSE:ANET - Get Free Report) had its price target raised by stock analysts at Needham & Company LLC from $155.00 to $160.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Needham & Company LLC's target price would suggest a potential upside of 10.00% from the stock's previous close.

Several other equities analysts have also weighed in on the stock. Morgan Stanley raised their price objective on shares of Arista Networks from $135.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday. Evercore ISI upped their price target on Arista Networks from $150.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday. BNP Paribas Exane lowered Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 target price for the company. in a research note on Wednesday, June 11th. Finally, BNP Paribas cut Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $157.88.

Arista Networks Price Performance

Shares of ANET opened at $145.45 on Tuesday. The business's fifty day moving average price is $127.73 and its 200 day moving average price is $100.63. Arista Networks has a 12-month low of $59.43 and a 12-month high of $156.32. The stock has a market capitalization of $182.81 billion, a PE ratio of 57.21, a price-to-earnings-growth ratio of 3.28 and a beta of 1.49.

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 during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company's revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Arista Networks will post 2.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $117.01, for a total value of $936,080.00. Following the completion of the transaction, the director directly owned 57,784 shares of the company's stock, valued at approximately $6,761,305.84. This represents a 12.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,526,614 shares of company stock worth $975,547,217. Insiders own 3.54% of the company's stock.

Hedge Funds Weigh In On Arista Networks

A number of large investors have recently made changes to their positions in ANET. American Trust boosted its stake in Arista Networks by 49.6% during the second quarter. American Trust now owns 17,671 shares of the technology company's stock valued at $1,808,000 after buying an additional 5,862 shares during the period. Centaurus Financial Inc. increased its holdings in Arista Networks by 5.3% during the 2nd quarter. Centaurus Financial Inc. now owns 12,490 shares of the technology company's stock valued at $1,278,000 after purchasing an additional 631 shares during the period. Thrivent Financial for Lutherans increased its holdings in Arista Networks by 77.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 548,356 shares of the technology company's stock valued at $55,909,000 after purchasing an additional 238,837 shares during the period. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Arista Networks during the 2nd quarter worth approximately $4,373,000. Finally, Stance Capital LLC purchased a new position in shares of Arista Networks during the 2nd quarter worth approximately $1,426,000. 82.47% of the stock is owned by institutional investors.

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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