FY2025 EPS Forecast for Arista Networks Boosted by Analyst

Arista Networks, Inc. (NYSE:ANET - Free Report) - Stock analysts at William Blair upped their FY2025 earnings per share estimates for shares of Arista Networks in a note issued to investors on Wednesday, February 19th. William Blair analyst S. Naji now expects 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. The company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.90 billion. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%.

ANET has been the topic of a number of other reports. Barclays lifted their price target on Arista Networks from $125.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday. Piper Sandler reaffirmed a "neutral" rating and issued a $108.00 price target (up from $106.00) on shares of Arista Networks in a research note on Wednesday. Rosenblatt Securities reaffirmed a "sell" rating and issued a $80.00 price target on shares of Arista Networks in a research note on Tuesday. Citigroup lifted their price target on Arista Networks from $115.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Morgan Stanley lifted their price target on Arista Networks from $102.50 to $118.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Arista Networks presently has an average rating of "Moderate Buy" and an average target price of $113.79.

Arista Networks Stock Down 4.9 %

Shares of NYSE ANET traded down $5.10 during trading hours on Friday, reaching $98.31. 13,984,341 shares of the stock traded hands, compared to its average volume of 10,062,921. The company has a market capitalization of $123.84 billion, a P/E ratio of 44.28, a price-to-earnings-growth ratio of 2.79 and a beta of 1.09. Arista Networks has a 52-week low of $60.08 and a 52-week high of $133.57. The company's 50-day simple moving average is $113.94 and its two-hundred day simple moving average is $101.57.

Insider Activity at Arista Networks

In related news, insider John F. Mccool sold 288 shares of Arista Networks stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $108.70, for a total transaction of $31,305.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Kenneth Duda sold 80,000 shares of Arista Networks 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 sale, the senior vice president now owns 12,976 shares in the company, valued at $1,405,171.04. This represents a 86.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 260,056 shares of company stock worth $30,225,623 over the last ninety days. 3.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Caitlin John LLC raised its stake in Arista Networks by 174.7% during the fourth quarter. Caitlin John LLC now owns 239 shares of the technology company's stock valued at $26,000 after buying an additional 152 shares during the last quarter. Capital Advisors Ltd. LLC raised its stake in Arista Networks by 335.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 248 shares of the technology company's stock valued at $27,000 after buying an additional 191 shares during the last quarter. Cranbrook Wealth Management LLC raised its stake in Arista Networks by 300.0% during the fourth quarter. Cranbrook Wealth Management LLC now owns 264 shares of the technology company's stock valued at $29,000 after buying an additional 198 shares during the last quarter. Trust Co. of Vermont raised its stake in Arista Networks by 300.0% during the fourth quarter. Trust Co. of Vermont now owns 264 shares of the technology company's stock valued at $29,000 after buying an additional 198 shares during the last quarter. Finally, New Millennium Group LLC raised its stake in Arista Networks by 300.0% during the fourth quarter. New Millennium Group LLC now owns 260 shares of the technology company's stock valued at $29,000 after buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Company Profile

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.