Arista Networks (NYSE:ANET) Shares Climb 2.7% – Should You Buy?

Arista Networks, Inc. (NYSE:ANET) traded up 2.7% during trading on Monday. The company traded as high as $179.56 and last traded at $176.9520. Approximately 4,197,193 shares traded hands during trading, a decline of 46% from the average session volume of 7,824,641 shares. The stock had previously closed at $172.37.

Wall Street Analyst Weigh In

ANET has been the topic of several research analyst reports. Citigroup reaffirmed a “buy” rating and set a $248.00 target price (up from $215.00) on shares of Arista Networks in a research note on Thursday, October 8th. UBS Group restated a “buy” rating and set a $259.00 price target (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. Truist Financial raised their price target on shares of Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Jefferies Financial Group set a $250.00 price objective on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $255.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $233.20.

Arista Networks Stock Up 2.7%

The business has a 50-day moving average of $196.27 and a 200-day moving average of $176.62. The stock has a market cap of $223.18 billion, a price-to-earnings ratio of 55.82, a PEG ratio of 2.00 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the firm posted $0.73 EPS. The business’s revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts anticipate that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Insider Transactions at Arista Networks

In related news, Director Mark Templeton sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $204.37, for a total value of $1,021,850.00. Following the completion of the sale, the director owned 48,410 shares of the company’s stock, valued at approximately $9,893,551.70. The trade was a 9.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Breithaupt sold 1,224 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $215.00, for a total value of $263,160.00. Following the completion of the transaction, the chief financial officer owned 68,697 shares in the company, valued at $14,769,855. This represents a 1.75% 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. In the last 90 days, insiders sold 3,627,449 shares of company stock worth $741,235,386. 2.70% of the stock is owned by corporate insiders.

Institutional Trading of Arista Networks

Several large investors have recently added to or reduced their stakes in the business. National Wealth Management Group LLC raised its holdings in shares of Arista Networks by 4.3% during the 3rd quarter. National Wealth Management Group LLC now owns 6,949 shares of the technology company’s stock valued at $1,415,000 after purchasing an additional 284 shares in the last quarter. AGH Wealth Advisors LLC lifted its stake in shares of Arista Networks by 8.9% in the 3rd quarter. AGH Wealth Advisors LLC now owns 3,288 shares of the technology company’s stock valued at $669,000 after purchasing an additional 269 shares during the last quarter. apricus wealth LLC bought a new stake in Arista Networks in the third quarter worth $212,000. Geneva Partners LLC bought a new stake in Arista Networks in the third quarter worth $5,403,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Arista Networks in the third quarter worth $217,000. 82.47% of the stock is owned by institutional investors.

Arista Networks Company Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company’s products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista’s portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.