Arista Networks, Inc. (NYSE:ANET - Get Free Report) Director Mark Templeton sold 5,000 shares of the business's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $165.85, for a total transaction of $829,250.00. Following the completion of the sale, the director owned 43,410 shares in the company, valued at $7,199,548.50. This represents a 10.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Arista Networks Stock Up 4.9%
Arista Networks stock opened at $178.24 on Thursday. The company has a market cap of $224.80 billion, a price-to-earnings ratio of 47.91, a PEG ratio of 1.97 and a beta of 1.61. The firm's fifty day moving average is $194.05 and its 200 day moving average is $165.34. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.41.
Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.08 by $0.12. Arista Networks had a net margin of 39.97% and a return on equity of 33.92%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the business earned $0.75 earnings per share. Arista Networks's quarterly revenue was up 58.5% compared to the same quarter last year. On average, equities research analysts anticipate that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently commented on ANET. Barclays dropped their price target on Arista Networks from $289.00 to $236.00 and set an "overweight" rating for the company in a research report on Wednesday. Zacks Research downgraded Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. BNP Paribas Exane upgraded Arista Networks to a "strong-buy" rating in a research report on Wednesday, October 14th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $280.00 price objective on shares of Arista Networks in a research note on Wednesday. Finally, Bank of America reiterated a "buy" rating and issued a $240.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $240.24.
Read Our Latest Research Report on Arista Networks
Institutional Trading of Arista Networks
Institutional investors and hedge funds have recently made changes to their positions in the business. Main Street Group LTD bought a new stake in shares of Arista Networks during the first quarter valued at approximately $26,000. William Mack & Associates Inc. purchased a new stake in shares of Arista Networks in the third quarter valued at approximately $27,000. ABS Investment Management LLC bought a new position in Arista Networks in the second quarter worth approximately $29,000. ABS Direct Equity Fund LLC bought a new position in Arista Networks in the second quarter worth approximately $29,000. Finally, NBT Bank N A NY grew its stake in Arista Networks by 37.2% in the first 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 in the last quarter. 82.47% of the stock is currently owned by institutional investors.
Key Stories Impacting Arista Networks
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: Arista reported third-quarter revenue of $3.66 billion, up 58.5% year over year and above the $3.33 billion consensus. EPS of $1.20 also topped estimates of $1.08. Management raised its 2026 revenue outlook to $13.3 billion. Article: ANET Q3 Earnings Beat Estimates on Strong AI and Enterprise Demand
- Positive Sentiment: Management forecast roughly $18.5 billion in 2027 revenue, implying 38%–40% growth versus Wall Street expectations of about 28%. AI-fabric revenue is projected to double to around $7 billion, reflecting demand for networking infrastructure in AI data centers. Article: Arista Networks gets BofA backing as 2027 growth outlook tops Street
- Positive Sentiment: Analysts responded with bullish ratings and higher targets: Bank of America reiterated Buy with a $240 target, while JPMorgan raised its target to $270 and Piper Sandler to $261. These revisions signal confidence in Arista’s growth prospects.
- Neutral Sentiment: Director Mark Templeton and major shareholder Andreas Bechtolsheim disclosed stock sales under pre-arranged Rule 10b5-1 plans. Bechtolsheim’s sale represented only 0.15% of his holdings, so the transactions may be less indicative of a change in business outlook. Article: Arista Networks insider transactions
- Negative Sentiment: Gross margin pressure is a watch point: a larger hardware mix is expected to weigh on margins, even as operating margins remain strong. Arista’s premium valuation also leaves the stock sensitive to any shortfall against its ambitious growth targets. Article: Arista Revenue Up 58% as Q4 Outlook Slows
About Arista Networks
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
