Key Points
- Director Mark Templeton sold 5,000 Arista Networks shares at an average price of $204.37, generating $1.02 million. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his direct holdings by 9.36% to 48,410 shares.
- Arista reported strong quarterly results, with EPS of $1.02 beating estimates of $0.89 and revenue of $3.04 billion exceeding expectations. Revenue increased 37.7% year over year, while the company guided for third-quarter EPS of $1.06–$1.08.
- Wall Street remains bullish, with a consensus “Buy” rating and an average price target of $231.70. Institutional investors own 82.47% of the company’s stock.
Arista Networks, Inc. (NYSE:ANET - Get Free Report) Director Mark Templeton sold 5,000 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $204.37, for a total transaction of $1,021,850.00. Following the completion of the transaction, the director directly owned 48,410 shares in the company, valued at $9,893,551.70. This represents a 9.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Arista Networks Trading Down 0.2%
NYSE:ANET opened at $206.86 on Tuesday. The firm has a market capitalization of $260.90 billion, a PE ratio of 65.26, a price-to-earnings-growth ratio of 2.44 and a beta of 1.60. The stock has a 50 day moving average of $194.51 and a 200-day moving average of $170.06. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $214.89.
Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) 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 business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the business posted $0.73 EPS. The business's revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, analysts predict that Arista Networks, Inc. will post 3.74 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on ANET. Rosenblatt Securities boosted their price target on shares of Arista Networks from $210.00 to $280.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Piper Sandler reaffirmed an "overweight" rating and issued a $240.00 price objective (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Morgan Stanley reiterated an "overweight" rating and issued a $220.00 price objective (up from $190.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Truist Financial lifted their price objective on shares of Arista Networks from $175.00 to $234.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Finally, Needham & Company LLC reissued a "buy" rating and set a $260.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $231.70.
View Our Latest Stock Report on Arista Networks
Institutional Investors Weigh In On Arista Networks
Several institutional investors have recently bought and sold shares of ANET. Horizons Wealth Management bought a new position in Arista Networks in the 3rd quarter valued at about $163,000. Neville Rodie & Shaw Inc. bought a new stake in shares of Arista Networks during the 3rd quarter worth about $4,026,000. Baker Tilly Wealth Management LLC bought a new stake in shares of Arista Networks during the 3rd quarter worth about $280,000. Ferguson Wellman Capital Management Inc. lifted its stake in shares of Arista Networks by 2,827.9% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 52,381 shares of the technology company's stock worth $10,664,000 after acquiring an additional 50,592 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Arista Networks by 1,049.4% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 96,781 shares of the technology company's stock worth $19,704,000 after acquiring an additional 88,361 shares during the period. Institutional investors and hedge funds own 82.47% of the company's stock.
Arista Networks Company Profile
(
Get Free Report)
Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.
The company's software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.
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