Arista Networks (NYSE:ANET) Trading Up 2.9% – Should You Buy?

Arista Networks, Inc. (NYSE:ANET)’s stock price traded up 2.9% during mid-day trading on Monday . The stock traded as high as $175.20 and last traded at $174.6580. Approximately 9,441,242 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 8,750,697 shares. The stock had previously closed at $169.67.

Key Arista Networks News

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Arista unveiled 1.6-terabit platforms and said 800-gig adoption is building, reinforcing its role in AI and cloud data-center networking and potentially supporting future growth. Arista Networks (ANET) Unveils 1.6 Terabit Platforms As 800 Gig Adoption Builds
• Positive Sentiment: Analyst coverage continues to point to Arista as a beneficiary of AI networking expansion, with commentary highlighting the company’s pricing power and exposure to cloud infrastructure spending. The Zacks Analyst Blog Highlights Micron, The Coca-Cola, Arista Networks and Where Food Comes From
• Neutral Sentiment: Several articles compared Arista with Ciena and discussed whether ANET is a better AI networking buy, but these pieces were largely valuation and relative-performance discussions rather than new company-specific developments. Ciena vs. Arista Networks: Which AI Networking Stock is the Better Buy?
• Neutral Sentiment: Brokerage-focused coverage noted that Wall Street analysts generally remain constructive on ANET, but the articles did not cite a fresh upgrade or other catalyst. Wall Street Analysts Think Arista Networks (ANET) Is a Good Investment: Is It?
• Negative Sentiment: Recent market coverage said Arista underperformed competitors and fell more than the broader market in the prior session, reflecting some near-term pressure on the shares. Arista Networks Inc. stock underperforms Tuesday when compared to competitors

Analyst Ratings Changes

A number of research firms have weighed in on ANET. Bank of America raised their price target on Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, June 8th. TD Cowen reaffirmed a “buy” rating and issued a $200.00 target price (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating and issued a $190.00 price objective (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. JPMorgan Chase & Co. lifted their target price on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Finally, UBS Group reissued a “buy” rating and issued a $187.00 price target (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $187.63.

Arista Networks Stock Down 0.3%

The company has a market cap of $203.60 billion, a P/E ratio of 55.37, a P/E/G ratio of 2.69 and a beta of 1.61. The business has a fifty day moving average of $159.00 and a 200 day moving average of $142.11.

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

Insider Transactions at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $169.09, for a total value of $1,352,720.00. Following the sale, the director owned 200,333 shares in the company, valued at $33,874,306.97. This represents a 3.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of the firm’s stock in a transaction that occurred 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 directly owned 9,917 shares of the company’s stock, valued at approximately $1,537,531.68. This trade represents a 58.20% 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. Over the last 90 days, insiders sold 2,603,747 shares of company stock worth $423,901,619. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Arista Networks

A number of hedge funds have recently bought and sold shares of the company. Lighthouse Financial Services Inc. ADV bought a new stake in shares of Arista Networks in the fourth quarter worth approximately $1,549,000. Bensler LLC bought a new stake in Arista Networks in the 4th quarter worth approximately $6,350,000. QRG Capital Management Inc. raised its stake in Arista Networks by 6.4% during the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after buying an additional 10,217 shares during the last quarter. Jefferies Financial Group Inc. lifted its holdings in shares of Arista Networks by 59.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock valued at $2,309,000 after buying an additional 6,591 shares during the period. Finally, Reaves W H & Co. Inc. bought a new stake in shares of Arista Networks in the fourth quarter worth $3,058,000. Institutional investors own 82.47% of the company’s stock.

Arista Networks Company Profile

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.