Key Points
- Director Charles Giancarlo sold 8,000 shares at an average price of $133.79 (~$1.07M), cutting his position by about 31% to 17,784 shares.
- Arista posted strong quarterly results with revenue of $2.31B (up 27.5% YoY), EPS of $0.75 beating estimates, and a ~39.7% net margin.
- Analyst sentiment is positive — Piper Sandler upgraded ANET to Overweight, the consensus is a "Moderate Buy" with a $164.44 price target, and analysts cite AI-driven data-center demand as a catalyst.
Arista Networks, Inc. (NYSE:ANET - Get Free Report) Director Charles Giancarlo sold 8,000 shares of the business's stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $133.79, for a total value of $1,070,320.00. Following the sale, the director owned 17,784 shares of the company's stock, valued at $2,379,321.36. The trade was a 31.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Arista Networks Stock Performance
NYSE ANET opened at $132.63 on Wednesday. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $164.94. The company's 50 day moving average price is $132.45 and its 200 day moving average price is $131.50. The firm has a market capitalization of $167.02 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 2.31 and a beta of 1.41.
Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03. Arista Networks had a net margin of 39.73% and a return on equity of 30.28%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the firm earned $2.40 earnings per share. Arista Networks's revenue for the quarter was up 27.5% on a year-over-year basis. Sell-side analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.
Arista Networks News Roundup
Here are the key news stories impacting Arista Networks this week:
Analyst Ratings Changes
Several research firms have commented on ANET. Morgan Stanley cut their price objective on Arista Networks from $171.00 to $159.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 17th. Piper Sandler upgraded Arista Networks from a "neutral" rating to an "overweight" rating and increased their target price for the company from $145.00 to $159.00 in a research note on Monday. BNP Paribas upgraded Arista Networks from a "hold" rating to an "outperform" rating in a research note on Thursday, September 25th. Needham & Company LLC boosted their price target on Arista Networks from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Finally, Melius Research upped their price target on Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $164.44.
Read Our Latest Research Report on ANET
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of ANET. Bare Financial Services Inc grew its stake in Arista Networks by 2,118.2% during the 2nd quarter. Bare Financial Services Inc now owns 244 shares of the technology company's stock valued at $25,000 after purchasing an additional 233 shares in the last quarter. Board of the Pension Protection Fund purchased a new position in shares of Arista Networks during the 4th quarter valued at approximately $26,000. AdvisorNet Financial Inc boosted its stake in shares of Arista Networks by 56.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company's stock valued at $29,000 after buying an additional 72 shares during the last quarter. Knuff & Co LLC acquired a new stake in shares of Arista Networks during the third quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. increased its stake in shares of Arista Networks by 141.3% in the third quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company's stock worth $32,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.
Arista Networks Company Profile
(
Get Free Report)
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.
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