Arista Networks, Inc. (NYSE:ANET) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Arista Networks, Inc. (NYSE:ANET) have been assigned an average rating of “Moderate Buy” from the twenty-three analysts that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $163.9375.

A number of research firms have weighed in on ANET. Melius Research upped their target price on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 12th. William Blair restated an “outperform” rating on shares of Arista Networks in a report on Friday, September 12th. Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Barclays upped their target price on Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Finally, Citigroup upped their target price on Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, September 12th.

Arista Networks Trading Down 5.9%

ANET opened at $138.76 on Wednesday. The firm has a market cap of $174.40 billion, a P/E ratio of 54.58, a P/E/G ratio of 3.07 and a beta of 1.47. Arista Networks has a 12 month low of $59.43 and a 12 month high of $162.68. The stock has a 50-day moving average of $141.81 and a 200 day moving average of $109.79.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Arista Networks will post 2.2 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares of the company’s stock, valued at $776,191,640.28. This represents a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 6,678,904 shares of company stock valued at $894,021,161. 3.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Arista Networks

Hedge funds have recently modified their holdings of the company. Bare Financial Services Inc boosted its stake in shares of Arista Networks by 2,118.2% during the 2nd quarter. Bare Financial Services Inc now owns 244 shares of the technology company’s stock worth $25,000 after acquiring an additional 233 shares in the last quarter. HighMark Wealth Management LLC boosted its stake in shares of Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after acquiring an additional 230 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Arista Networks by 56.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock worth $29,000 after acquiring an additional 72 shares in the last quarter. Cloud Capital Management LLC purchased a new position in Arista Networks in the 1st quarter valued at about $30,000. Finally, Saudi Central Bank purchased a new position in Arista Networks in the 1st quarter valued at about $33,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

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.