William Blair Raises Earnings Estimates for Arista Networks

Arista Networks, Inc. (NYSE:ANET) – William Blair raised their FY2025 earnings per share estimates for Arista Networks in a note issued to investors on Wednesday, February 19th. William Blair analyst S. Naji now anticipates that the technology company will post earnings per share of $2.17 for the year, up from their prior estimate of $2.16. The consensus estimate for Arista Networks’ current full-year earnings is $2.18 per share.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.90 billion.

Other analysts have also recently issued reports about the company. Barclays raised their target price on Arista Networks from $125.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group raised their target price on Arista Networks from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday. Rosenblatt Securities reissued a “sell” rating and issued a $80.00 target price on shares of Arista Networks in a research note on Tuesday. Citigroup raised their target price on Arista Networks from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, StockNews.com cut Arista Networks from a “buy” rating to a “hold” rating in a research note on Thursday, December 12th. One investment 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’s stock. According to MarketBeat.com, Arista Networks has an average rating of “Moderate Buy” and a consensus price target of $113.79.

Arista Networks Trading Down 0.4 %

Shares of NYSE:ANET opened at $103.47 on Friday. The stock has a market capitalization of $130.35 billion, a P/E ratio of 46.61, a price-to-earnings-growth ratio of 2.79 and a beta of 1.09. Arista Networks has a 12-month low of $60.08 and a 12-month high of $133.57. The stock’s 50-day moving average price is $113.94 and its 200-day moving average price is $101.57.

Insider Activity

In other Arista Networks news, insider John F. Mccool sold 288 shares of Arista Networks stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $108.70, for a total value of $31,305.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles H. Giancarlo sold 2,000 shares of Arista Networks stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $412.65, for a total transaction of $825,300.00. Following the completion of the sale, the director now directly owns 42,946 shares of the company’s stock, valued at approximately $17,721,666.90. This trade represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 259,944 shares of company stock worth $30,214,186. Insiders own 3.54% of the company’s stock.

Institutional Investors Weigh In On Arista Networks

A number of hedge funds have recently modified their holdings of ANET. Foundations Investment Advisors LLC lifted its stake in shares of Arista Networks by 5.0% during the 3rd quarter. Foundations Investment Advisors LLC now owns 653 shares of the technology company’s stock valued at $251,000 after buying an additional 31 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Arista Networks by 5.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,917 shares of the technology company’s stock worth $2,271,000 after purchasing an additional 316 shares in the last quarter. Waldron Private Wealth LLC purchased a new stake in Arista Networks in the 3rd quarter worth $203,000. Private Advisor Group LLC lifted its stake in Arista Networks by 14.4% in the 3rd quarter. Private Advisor Group LLC now owns 14,868 shares of the technology company’s stock worth $5,706,000 after purchasing an additional 1,867 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Arista Networks by 39,841.1% during the 3rd quarter. International Assets Investment Management LLC now owns 875,110 shares of the technology company’s stock valued at $3,358,850,000 after buying an additional 872,919 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

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.