KeyCorp Forecasts Arista Networks’ Q4 Earnings (NYSE:ANET)

Arista Networks, Inc. (NYSE:ANET) – Equities research analysts at KeyCorp boosted their Q4 2026 earnings estimates for Arista Networks in a research report issued on Tuesday, November 3rd. KeyCorp analyst B. Nispel now anticipates that the technology company will post earnings per share of $1.19 for the quarter, up from their previous estimate of $1.06. KeyCorp has an “Overweight” rating and a $250.00 price target on the stock. The consensus estimate for Arista Networks’ current full-year earnings is $3.85 per share.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, November 3rd. The technology company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.33 billion. Arista Networks had a net margin of 39.97% and a return on equity of 32.20%. Arista Networks’s quarterly revenue was up 58.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 earnings per share.

ANET has been the topic of a number of other reports. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. The Goldman Sachs Group restated a “buy” rating and issued a $225.00 target price on shares of Arista Networks in a research report on Wednesday, August 5th. Jefferies Financial Group set a $250.00 price target on Arista Networks in a research note on Wednesday, August 5th. Weiss Ratings downgraded Arista Networks from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, November 4th. Finally, Truist Financial upped their target price on shares of Arista Networks from $234.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, November 4th. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $240.24.

Arista Networks Price Performance

Arista Networks stock opened at $186.53 on Tuesday. The stock has a market cap of $235.25 billion, a price-to-earnings ratio of 49.58, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. The firm has a 50 day simple moving average of $192.41 and a 200-day simple moving average of $165.99. Arista Networks has a 1-year low of $114.52 and a 1-year high of $217.41.

Insider Transactions at Arista Networks

In related news, Director Mark B. Templeton sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $165.85, for a total transaction of $829,250.00. Following the completion of the transaction, the director directly owned 43,410 shares in the company, valued at $7,199,548.50. This trade represents a 10.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 130,553 shares of Arista Networks stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $217.10, for a total value of $28,343,056.30. Following the completion of the transaction, the chief executive officer directly owned 4,774,691 shares of the company’s stock, valued at approximately $1,036,585,416.10. This represents a 2.66% 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. In the last three months, insiders have sold 2,640,998 shares of company stock worth $525,704,801. 2.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Arista Networks

A number of hedge funds have recently added to or reduced their stakes in ANET. Davidson Trust Co. purchased a new stake in shares of Arista Networks during the 3rd quarter valued at about $3,512,000. Deutsche Bank AG boosted its holdings in Arista Networks by 4.3% in the 2nd quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock worth $1,589,651,000 after acquiring an additional 388,354 shares during the period. Ferguson Wellman Capital Management Inc. boosted its holdings in Arista Networks by 2,827.9% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 52,381 shares of the technology company’s stock worth $10,664,000 after acquiring an additional 50,592 shares during the period. First National Bank of Mount Dora Trust Investment Services acquired a new stake in Arista Networks in the first quarter valued at approximately $5,279,000. Finally, Whitaker Myers Wealth Managers LTD. grew its position in Arista Networks by 564.1% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 16,847 shares of the technology company’s stock valued at $2,862,000 after acquiring an additional 14,310 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Arista Networks

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

• Positive Sentiment: Arista’s latest quarter delivered strong growth: revenue rose 58.5% year over year and earnings exceeded expectations. The company’s roughly $18.5 billion 2027 revenue outlook reinforces the case that demand for AI networking remains robust. AI-driven revenue beat lifts the tape, but momentum remains mixed
• Positive Sentiment: Analyst coverage highlights Arista’s potential to benefit from a large AI networking opportunity, and momentum-focused investors point to its earnings surprises and growth projections as favorable. Arista Networks Is Tapping a $200 Billion AI Opportunity
• Neutral Sentiment: Arista has committed $11.4 billion to suppliers as it prepares to meet expected demand. Those purchases support its growth plans, but also raise the importance of delivering on its 2027 revenue outlook. Arista’s supplier commitments and 2027 outlook
• Negative Sentiment: Shares have faced pressure from a broad AI-hardware selloff, with reports describing a sharp weekly decline despite the company’s strong results and outlook. This sector-driven weakness may continue to weigh on near-term trading. Arista Sinks 14% in a Week Despite an $18.55 Billion 2027 Outlook
• Negative Sentiment: Analyst price-target revisions are mixed, reflecting uncertainty over how much investors should pay for Arista’s AI-driven growth. Arista Networks Stock Sees Modest Fair Value Lift After Analyst Revisions

Arista Networks Company Profile

Arista Networks, Inc develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks.

The company’s software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista’s products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.

Founded in 2004 and headquartered in Santa Clara, California, Arista serves customers worldwide.