Arista Networks (NYSE:ANET) Trading 4.2% Higher – What’s Next?

Arista Networks, Inc. (NYSE:ANET) shares were up 4.2% on Monday . The company traded as high as $165.66 and last traded at $164.2170. Approximately 8,310,524 shares changed hands during trading, a decline of 5% from the average session volume of 8,741,082 shares. The stock had previously closed at $157.60.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Bank of America upped their price objective on shares of Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 8th. TD Cowen reiterated a “buy” rating and issued a $200.00 target price (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Susquehanna raised Arista Networks to a “strong-buy” rating in a research report on Wednesday, April 1st. UBS Group restated a “buy” rating and set a $187.00 price target (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target for the company in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $187.63.

Arista Networks Stock Performance

The company has a market cap of $210.00 billion, a PE ratio of 57.12, a PEG ratio of 2.53 and a beta of 1.61. The company’s 50-day simple moving average is $159.67 and its 200 day simple moving average is $143.32.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current year.

Insider Activity

In other Arista Networks news, CEO Jayshree Ullal sold 13,809 shares of Arista Networks stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.04, for a total value of $2,140,947.36. Following the transaction, the chief executive officer owned 9,917 shares in the company, valued at $1,537,531.68. This trade represents a 58.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $169.09, for a total transaction of $1,352,720.00. Following the completion of the sale, the director directly owned 200,333 shares of the company’s stock, valued at $33,874,306.97. The trade was a 3.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,639,080 shares of company stock worth $430,322,162 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Arista Networks

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Lighthouse Financial Services Inc. ADV acquired a new stake in shares of Arista Networks in the 4th quarter valued at approximately $1,549,000. Bensler LLC bought a new stake in Arista Networks in the 4th quarter valued at $6,350,000. QRG Capital Management Inc. lifted its holdings in shares of Arista Networks by 6.4% in the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after purchasing an additional 10,217 shares in the last quarter. Reaves W H & Co. Inc. acquired a new position in Arista Networks during the 4th quarter worth approximately $3,058,000. Finally, Jefferies Financial Group Inc. lifted its position in shares of Arista Networks by 59.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock worth $2,309,000 after purchasing an additional 6,591 shares in the last quarter. 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.