Arista Networks, Inc. (NYSE:ANET - Get Free Report) Director Charles Giancarlo sold 8,000 shares of Arista Networks stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $167.06, for a total transaction of $1,336,480.00. Following the completion of the transaction, the director directly owned 192,333 shares of the company's stock, valued at $32,131,150.98. The trade was a 3.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Arista Networks Stock Performance
Shares of Arista Networks stock opened at $173.29 on Tuesday. The firm has a 50-day simple moving average of $159.07 and a two-hundred day simple moving average of $144.04. Arista Networks, Inc. has a fifty-two week low of $100.33 and a fifty-two week high of $179.80. The company has a market cap of $218.21 billion, a P/E ratio of 59.35, a price-to-earnings-growth ratio of 2.47 and a beta of 1.60.
Arista Networks (NYSE:ANET - Get Free Report) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.06. The firm had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company's quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the firm earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities research analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on ANET. Raymond James Financial raised Arista Networks from a "market perform" rating to an "outperform" rating and set a $164.00 target price for the company in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a "buy" rating in a research note on Wednesday, June 10th. Needham & Company LLC restated a "buy" rating and set a $185.00 price objective on shares of Arista Networks in a research report on Wednesday, May 6th. Morgan Stanley reaffirmed an "overweight" rating and set a $190.00 price objective (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. Finally, Zacks Research lowered shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $187.63.
Read Our Latest Stock Report on ANET
Institutional Trading of Arista Networks
Institutional investors have recently made changes to their positions in the company. Intrua Financial LLC raised its stake in Arista Networks by 2.7% in the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company's stock valued at $283,000 after purchasing an additional 61 shares during the last quarter. NBT Bank N A NY boosted its stake in Arista Networks by 37.2% during the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company's stock worth $30,000 after purchasing an additional 67 shares during the last quarter. Hoxton Planning & Management LLC grew its holdings in shares of Arista Networks by 4.1% during the first quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company's stock worth $214,000 after buying an additional 68 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Arista Networks by 0.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company's stock worth $2,133,000 after buying an additional 70 shares in the last quarter. Finally, Y.D. More Investments Ltd raised its position in shares of Arista Networks by 8.7% in the first quarter. Y.D. More Investments Ltd now owns 870 shares of the technology company's stock valued at $107,000 after buying an additional 70 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.
About Arista Networks
(
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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