Arista Networks (NYSE:ANET) Upgraded at Erste Group Bank

Erste Group Bank upgraded shares of Arista Networks (NYSE:ANET) from a hold rating to a buy rating in a research report report published on Wednesday, MarketBeat Ratings reports.

A number of other research firms also recently weighed in on ANET. Wolfe Research restated an “outperform” rating and issued a $175.00 target price on shares of Arista Networks in a research report on Wednesday, June 10th. Raymond James Financial raised Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target for the company in a research note on Friday, May 15th. Weiss Ratings upgraded Arista Networks from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Truist Financial set a $175.00 price objective on Arista Networks in a research note on Wednesday, May 6th. Finally, UBS Group restated a “buy” rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $188.95.

Arista Networks Trading Up 0.0%

Arista Networks stock opened at $168.60 on Wednesday. Arista Networks has a 52 week low of $106.99 and a 52 week high of $189.82. The stock has a market cap of $212.30 billion, a price-to-earnings ratio of 57.74, a PEG ratio of 2.60 and a beta of 1.60. The company’s 50-day moving average price is $161.75 and its two-hundred day moving average price is $147.25.

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 analysts’ consensus estimates of $0.81 by $0.06. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Research analysts expect that Arista Networks will post 3.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $167.06, for a total value of $1,336,480.00. Following the transaction, the director owned 192,333 shares in the company, valued at approximately $32,131,150.98. The trade was a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 234,578 shares of the company’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $187.18, for a total value of $43,908,310.04. Following the completion of the transaction, the chief executive officer directly owned 5,134,207 shares in the company, valued at $961,020,866.26. This represents a 4.37% decrease in their position. 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. Insiders sold 3,092,983 shares of company stock valued at $519,161,650 in the last ninety days. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Arista Networks

Hedge funds have recently modified their holdings of the stock. Board of the Pension Protection Fund acquired a new position in shares of Arista Networks in the 4th quarter valued at $26,000. Main Street Group LTD acquired a new stake in Arista Networks during the 1st quarter worth about $26,000. Sankala Group LLC acquired a new stake in Arista Networks during the 4th quarter worth about $27,000. Prosperity Bancshares Inc acquired a new stake in Arista Networks during the 4th quarter worth about $28,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Arista Networks during the fourth quarter valued at about $30,000. 82.47% of the stock is currently 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.