Key Points
- Arista Networks CFO Chantelle Breithaupt sold 612 shares for approximately $119,811 at an average price of $195.77, reducing her direct holdings by 0.87% to 69,921 shares. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Arista reported strong quarterly results, with earnings of $1.02 per share versus the $0.89 consensus estimate and revenue of $3.04 billion, up 37.7% year over year. The company guided for third-quarter EPS of $1.06–$1.08.
- Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of $225.76, compared with the stock’s reported opening price of $191.13.
Arista Networks, Inc. (NYSE:ANET - Get Free Report) CFO Chantelle Breithaupt sold 612 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $195.77, for a total value of $119,811.24. Following the completion of the transaction, the chief financial officer directly owned 69,921 shares in the company, valued at approximately $13,688,434.17. This represents a 0.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Arista Networks Price Performance
Shares of ANET stock opened at $191.13 on Friday. The company's fifty day simple moving average is $182.22 and its two-hundred day simple moving average is $159.92. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89. The stock has a market capitalization of $241.06 billion, a price-to-earnings ratio of 60.29, a PEG ratio of 2.21 and a beta of 1.62.
Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.13. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business's revenue for the quarter was up 37.7% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities research analysts anticipate that Arista Networks, Inc. will post 3.7 EPS for the current year.
Analyst Ratings Changes
ANET has been the subject of several analyst reports. Jefferies Financial Group set a $250.00 target price on Arista Networks in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Arista Networks in a research report on Monday. They set a "buy" rating and a $220.00 price target on the stock. Weiss Ratings lowered shares of Arista Networks from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, August 12th. UBS Group reaffirmed a "buy" rating and set a $259.00 price objective (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $220.00 target price (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Arista Networks presently has a consensus rating of "Buy" and an average target price of $225.76.
Check Out Our Latest Research Report on Arista Networks
Hedge Funds Weigh In On Arista Networks
A number of institutional investors have recently added to or reduced their stakes in ANET. Main Street Group LTD purchased a new stake in shares of Arista Networks in the 1st quarter valued at about $26,000. Sankala Group LLC purchased a new position in Arista Networks in the fourth quarter worth $27,000. Prosperity Bancshares Inc purchased a new position in shares of Arista Networks during the fourth quarter worth approximately $28,000. ABS Investment Management LLC purchased a new stake in Arista Networks during the second quarter valued at about $29,000. Finally, Hilton Head Capital Partners LLC grew its stake in shares of Arista Networks by 184.9% during the first quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company's stock valued at $30,000 after buying an additional 159 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.
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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