Arista Networks (NYSE:ANET) Stock Price Down 1.8% – Here’s Why

Arista Networks, Inc. (NYSE:ANET)’s share price traded down 1.8% during trading on Wednesday . The company traded as low as $159.20 and last traded at $166.7760. Approximately 9,054,748 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 8,757,854 shares. The stock had previously closed at $169.88.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ANET shares. Needham & Company LLC reiterated a “buy” rating and set a $185.00 target price on shares of Arista Networks in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective on the stock in a report on Friday, May 15th. Wolfe Research reiterated an “outperform” rating and issued a $175.00 target price on shares of Arista Networks in a research report on Wednesday, June 10th. Finally, KeyCorp reissued an “overweight” rating and set a $200.00 target price (up from $178.00) on shares of Arista Networks in a research note on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Arista Networks has a consensus rating of “Buy” and a consensus price target of $187.63.

Arista Networks Trading Down 1.8%

The business has a fifty day simple moving average of $159.67 and a two-hundred day simple moving average of $143.32. The company has a market cap of $210.00 billion, a PE ratio of 57.12, a price-to-earnings-growth ratio of 2.53 and a beta of 1.61.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities analysts expect that Arista Networks, Inc. will post 3.27 EPS for the current year.

Insider Activity at Arista Networks

In other news, insider Kenneth Duda sold 17,333 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the transaction, the insider directly owned 12,976 shares in the company, valued at $2,224,345.92. The trade was a 57.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Yvette Breithaupt sold 2,448 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $157.00, for a total value of $384,336.00. Following the completion of the sale, the chief financial officer directly owned 64,408 shares of the company’s stock, valued at approximately $10,112,056. This represents a 3.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,639,080 shares of company stock worth $430,322,162 in the last 90 days. 2.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Arista Networks

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after purchasing an additional 5,955 shares during the period. Revolve Wealth Partners LLC purchased a new position in Arista Networks during the fourth quarter worth about $202,000. Bison Wealth LLC purchased a new position in Arista Networks during the fourth quarter worth about $251,000. Sivia Capital Partners LLC boosted its holdings in Arista Networks by 48.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after purchasing an additional 3,496 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in Arista Networks by 31.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock valued at $429,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Company Profile

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.