Arista Networks (NYSE:ANET) Issues Earnings Results

Arista Networks (NYSE:ANET) issued its quarterly earnings results on Tuesday. The technology company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02, Zacks reports. Arista Networks had a net margin of 40.29% and a return on equity of 30.52%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Arista Networks updated its Q1 2025 guidance to EPS.

Arista Networks Trading Down 6.5 %

Shares of ANET opened at $103.82 on Thursday. The company’s 50 day simple moving average is $114.01 and its 200-day simple moving average is $101.55. The firm has a market cap of $130.79 billion, a PE ratio of 49.91, a price-to-earnings-growth ratio of 2.87 and a beta of 1.09. Arista Networks has a 12-month low of $60.08 and a 12-month high of $133.57.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on Arista Networks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday. Piper Sandler reiterated a “neutral” rating and set a $108.00 price target (up previously from $106.00) on shares of Arista Networks in a report on Wednesday. Rosenblatt Securities restated a “sell” rating and issued a $80.00 price objective on shares of Arista Networks in a report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price objective on shares of Arista Networks in a research report on Wednesday. Finally, Evercore ISI increased their target price on Arista Networks from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Arista Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.79.

Insider Activity at Arista Networks

In other Arista Networks news, Director Kelly Bodnar Battles sold 1,488 shares of Arista Networks stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $107.13, for a total value of $159,409.44. Following the transaction, the director now directly owns 8,128 shares in the company, valued at approximately $870,752.64. This trade represents a 15.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kenneth Duda sold 80,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $108.29, for a total value of $8,663,200.00. Following the completion of the transaction, the senior vice president now directly owns 12,976 shares in the company, valued at approximately $1,405,171.04. The trade was a 86.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 259,944 shares of company stock worth $30,214,186 in the last 90 days. 3.54% of the stock is owned by insiders.

About Arista Networks

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.