Arista Networks (NYSE:ANET) Stock Price Up 1.5% – Still a Buy?

Shares of Arista Networks, Inc. (NYSE:ANET) shot up 1.5% on Friday . The stock traded as high as $187.62 and last traded at $187.4630. 5,512,702 shares traded hands during trading, a decline of 37% from the average session volume of 8,773,913 shares. The stock had previously closed at $184.69.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ANET shares. Morgan Stanley restated an “overweight” rating and issued a $190.00 price target (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. Citigroup decreased their price objective on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. TD Cowen reissued a “buy” rating and set a $200.00 target price (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. JPMorgan Chase & Co. increased their target price on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Finally, Wolfe Research restated an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arista Networks currently has a consensus rating of “Buy” and an average price target of $187.63.

Arista Networks Stock Performance

The stock has a 50-day moving average of $159.41 and a 200-day moving average of $145.45. The firm has a market cap of $236.05 billion, a price-to-earnings ratio of 64.20, a price-to-earnings-growth ratio of 2.79 and a beta of 1.60.

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

Insider Buying and Selling at Arista Networks

In related news, insider Kenneth Duda sold 17,333 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at approximately $2,224,345.92. This represents a 57.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s 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 approximately $32,131,150.98. This trade represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 3,147,080 shares of company stock worth $513,396,642. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Arista Networks

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tema ETFs LLC boosted its holdings in shares of Arista Networks by 10.1% in the 2nd quarter. Tema ETFs LLC now owns 22,091 shares of the technology company’s stock valued at $3,753,000 after buying an additional 2,030 shares during the last quarter. Canvas Wealth Advisors LLC lifted its position in shares of Arista Networks by 5.5% in the second quarter. Canvas Wealth Advisors LLC now owns 2,281 shares of the technology company’s stock valued at $387,000 after buying an additional 119 shares during the last quarter. Fiduciary Financial Group LLC boosted its stake in shares of Arista Networks by 26.8% during the 2nd quarter. Fiduciary Financial Group LLC now owns 9,998 shares of the technology company’s stock worth $1,698,000 after acquiring an additional 2,115 shares during the period. E. Ohman J or Asset Management AB increased its holdings in shares of Arista Networks by 2.4% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 38,207 shares of the technology company’s stock worth $6,491,000 after acquiring an additional 900 shares during the last quarter. Finally, Orrstown Financial Services Inc. acquired a new position in shares of Arista Networks during the 2nd quarter worth approximately $693,000. 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.