Arista Networks (NYSE:ANET) Trading 2.7% Higher – Should You Buy?

Arista Networks, Inc. (NYSE:ANET) shares rose 2.7% on Thursday . The company traded as high as $192.00 and last traded at $191.13. Approximately 3,996,719 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 8,357,014 shares. The stock had previously closed at $186.10.

Analyst Ratings Changes

A number of equities analysts have commented on ANET shares. Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a research report on Friday, May 15th. Truist Financial increased their price objective on shares of Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings cut shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. TD Cowen lifted their target price on shares of Arista Networks from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $225.76.

Arista Networks Trading Up 2.7%

The business has a 50-day moving average price of $181.71 and a two-hundred day moving average price of $159.57. The stock has a market capitalization of $241.06 billion, a P/E ratio of 60.29, a P/E/G ratio of 2.55 and a beta of 1.62.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.Arista Networks’s revenue was up 37.7% on a year-over-year basis. During the same quarter last year, the business earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, sell-side analysts forecast that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Jayshree Ullal sold 767,029 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the sale, the chief executive officer owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. This trade represents a 4.47% decrease in their position. 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, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the transaction, the insider directly owned 181,143,048 shares in the company, valued at $36,826,381,658.40. This trade represents a 0.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 4,002,082 shares of company stock worth $761,352,976. Insiders own 2.70% of the company’s stock.

Institutional Trading of Arista Networks

Several large investors have recently bought and sold shares of the business. Main Street Group LTD bought a new stake in shares of Arista Networks during the 1st quarter valued at approximately $26,000. Sankala Group LLC bought a new stake in shares of Arista Networks during the fourth quarter worth about $27,000. Prosperity Bancshares Inc acquired a new position in shares of Arista Networks in the fourth quarter valued at approximately $28,000. ABS Investment Management LLC acquired a new position in shares of Arista Networks in the second quarter valued at approximately $29,000. Finally, Hilton Head Capital Partners LLC raised its holdings in Arista Networks by 184.9% in the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock valued at $30,000 after buying an additional 159 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

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.