Arista Networks (NYSE:ANET) Stock Price Down 2.1% – Here’s What Happened

Shares of Arista Networks, Inc. (NYSE:ANET) traded down 2.1% during mid-day trading on Wednesday . The stock traded as low as $163.93 and last traded at $164.5080. 6,080,361 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 8,722,695 shares. The stock had previously closed at $168.01.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $181.00 price objective (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Citigroup lowered their price objective on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Wolfe Research restated an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a report on Wednesday, June 10th. Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price on the stock in a report on Friday, May 15th. Finally, UBS Group restated a “buy” rating and set a $187.00 target price (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Arista Networks presently has an average rating of “Buy” and an average target price of $186.47.

Arista Networks Price Performance

The stock has a market capitalization of $207.15 billion, a price-to-earnings ratio of 56.34, a PEG ratio of 2.61 and a beta of 1.61. The business has a fifty day moving average of $156.12 and a 200 day moving average of $140.71.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the firm posted $0.65 earnings per share. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities research analysts expect that Arista Networks, Inc. will post 3.27 EPS for the current year.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 32,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $163.31, for a total value of $5,225,920.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $2,119,110.56. This represents a 71.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the transaction, the chief executive officer owned 5,209,207 shares in the company, valued at $924,321,690.08. This represents a 7.59% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 2,343,747 shares of company stock worth $380,853,419. Insiders own 2.70% of the company’s stock.

Institutional Trading of Arista Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANET. Board of the Pension Protection Fund purchased a new stake in Arista Networks in the fourth quarter valued at approximately $26,000. Main Street Group LTD purchased a new stake in Arista Networks in the first quarter valued at approximately $26,000. Sankala Group LLC purchased a new stake in Arista Networks in the fourth quarter valued at approximately $27,000. Prosperity Bancshares Inc purchased a new stake in Arista Networks in the fourth quarter valued at approximately $28,000. Finally, Knuff & Co LLC purchased a new stake in Arista Networks in the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

About Arista Networks

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.