KeyCorp Comments on Arista Networks' Q2 Earnings (NYSE:ANET)

Arista Networks, Inc. (NYSE:ANET - Free Report) - Equities researchers at KeyCorp issued their Q2 2025 earnings per share estimates for Arista Networks in a research report issued on Wednesday, June 25th. KeyCorp analyst B. Nispel forecasts that the technology company will earn $0.59 per share for the quarter. KeyCorp has a "Overweight" rating and a $115.00 price target on the stock. The consensus estimate for Arista Networks' current full-year earnings is $2.20 per share. KeyCorp also issued estimates for Arista Networks' Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.63 EPS and FY2025 earnings at $2.41 EPS.

Several other research analysts also recently weighed in on ANET. Erste Group Bank downgraded shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. decreased their target price on Arista Networks from $140.00 to $110.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Piper Sandler reiterated a "neutral" rating and set a $89.00 target price (up from $76.00) on shares of Arista Networks in a research report on Wednesday, May 7th. Barclays cut their price target on Arista Networks from $126.00 to $119.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Finally, Morgan Stanley raised their price objective on Arista Networks from $73.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Arista Networks currently has an average rating of "Moderate Buy" and a consensus price target of $109.33.

Arista Networks Trading Up 0.5%

NYSE ANET traded up $0.51 during trading hours on Monday, hitting $99.42. 2,388,160 shares of the company's stock traded hands, compared to its average volume of 9,069,842. Arista Networks has a 52 week low of $59.43 and a 52 week high of $133.58. The firm has a market capitalization of $124.86 billion, a P/E ratio of 42.06, a P/E/G ratio of 2.98 and a beta of 1.40. The business's fifty day moving average price is $91.29 and its two-hundred day moving average price is $95.46.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. Arista Networks had a net margin of 40.72% and a return on equity of 30.48%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The business's revenue for the quarter was up 27.6% compared to the same quarter last year.

Arista Networks announced that its Board of Directors has initiated a stock buyback program on Tuesday, May 6th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Kelly Bodnar Battles sold 1,492 shares of the business's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $68.49, for a total value of $102,187.08. Following the transaction, the director directly owned 7,480 shares of the company's stock, valued at approximately $512,305.20. The trade was a 16.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kenneth Duda sold 26,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $92.23, for a total value of $2,397,980.00. Following the completion of the transaction, the senior vice president owned 592,400 shares of the company's stock, valued at $54,637,052. The trade was a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 273,488 shares of company stock worth $26,127,594. Company insiders own 3.54% of the company's stock.

Hedge Funds Weigh In On Arista Networks

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Arista Networks by 304.2% during the 4th quarter. Vanguard Group Inc. now owns 96,084,951 shares of the technology company's stock valued at $10,620,270,000 after purchasing an additional 72,311,318 shares during the last quarter. FMR LLC lifted its position in shares of Arista Networks by 330.9% in the fourth quarter. FMR LLC now owns 57,648,129 shares of the technology company's stock worth $6,371,848,000 after buying an additional 44,269,572 shares in the last quarter. Cresset Asset Management LLC boosted its stake in Arista Networks by 277.5% during the fourth quarter. Cresset Asset Management LLC now owns 27,288,583 shares of the technology company's stock valued at $3,016,207,000 after buying an additional 20,059,303 shares during the last quarter. Geode Capital Management LLC grew its holdings in Arista Networks by 311.6% during the 4th quarter. Geode Capital Management LLC now owns 24,165,355 shares of the technology company's stock valued at $2,665,829,000 after buying an additional 18,293,874 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Arista Networks by 218.5% in the 4th quarter. Alliancebernstein L.P. now owns 21,070,016 shares of the technology company's stock worth $2,328,869,000 after acquiring an additional 14,454,822 shares during the last quarter. 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.