Arista Networks, Inc. Forecasted to Post FY2025 Earnings of $8.09 Per Share (NYSE:ANET)

Arista Networks, Inc. (NYSE:ANET) – Analysts at William Blair raised their FY2025 earnings estimates for Arista Networks in a research report issued on Wednesday, July 31st. William Blair analyst S. Naji now expects that the technology company will post earnings per share of $8.09 for the year, up from their prior forecast of $7.70. The consensus estimate for Arista Networks’ current full-year earnings is $7.29 per share.

Several other research firms have also issued reports on ANET. Morgan Stanley raised their price target on shares of Arista Networks from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Evercore ISI raised their target price on Arista Networks from $340.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Jefferies Financial Group boosted their price target on shares of Arista Networks from $340.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. KeyCorp raised their price objective on shares of Arista Networks from $349.00 to $432.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Finally, Rosenblatt Securities upped their target price on shares of Arista Networks from $220.00 to $265.00 and gave the company a “sell” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.38.

Arista Networks Trading Up 2.7 %

Shares of ANET stock opened at $323.35 on Monday. The firm has a market capitalization of $101.33 billion, a P/E ratio of 45.03, a price-to-earnings-growth ratio of 2.70 and a beta of 1.11. Arista Networks has a 1 year low of $168.25 and a 1 year high of $376.50. The firm’s fifty day simple moving average is $332.33 and its 200 day simple moving average is $298.72.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, July 30th. The technology company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.38. Arista Networks had a return on equity of 30.50% and a net margin of 39.01%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm posted $1.41 EPS. The company’s revenue was up 15.9% on a year-over-year basis.

Arista Networks declared that its Board of Directors has initiated a share buyback program on Tuesday, May 7th that authorizes the company to buyback $1.20 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 1.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other Arista Networks news, CEO Jayshree Ullal sold 23,958 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $301.29, for a total transaction of $7,218,305.82. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $3,012,900. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Jayshree Ullal sold 23,958 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $301.29, for a total value of $7,218,305.82. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $3,012,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kenneth Duda sold 20,000 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $325.88, for a total value of $6,517,600.00. Following the completion of the transaction, the senior vice president now owns 3,244 shares in the company, valued at $1,057,154.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 208,808 shares of company stock worth $68,934,611. 3.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ANET. FCG Investment Co lifted its holdings in Arista Networks by 2.3% in the second quarter. FCG Investment Co now owns 1,271 shares of the technology company’s stock valued at $445,000 after buying an additional 29 shares during the period. Old Port Advisors raised its position in shares of Arista Networks by 3.5% during the 1st quarter. Old Port Advisors now owns 955 shares of the technology company’s stock valued at $277,000 after acquiring an additional 32 shares during the last quarter. Fortitude Family Office LLC lifted its stake in shares of Arista Networks by 33.3% in the 2nd quarter. Fortitude Family Office LLC now owns 132 shares of the technology company’s stock valued at $46,000 after purchasing an additional 33 shares during the period. Resonant Capital Advisors LLC boosted its position in shares of Arista Networks by 4.1% in the 2nd quarter. Resonant Capital Advisors LLC now owns 870 shares of the technology company’s stock worth $305,000 after purchasing an additional 34 shares during the last quarter. Finally, Modera Wealth Management LLC grew its stake in shares of Arista Networks by 2.1% during the second quarter. Modera Wealth Management LLC now owns 1,782 shares of the technology company’s stock worth $625,000 after purchasing an additional 37 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

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.