Arista Networks (ANET) Projected to Post Quarterly Earnings on Tuesday

Arista Networks (NYSE:ANET) is projected to issue its Q1 2025 quarterly earnings data after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.60 per share and revenue of $1.97 billion for the quarter. Arista Networks has set its Q1 2025 guidance at EPS.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, February 18th. The technology company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.90 billion. Arista Networks had a net margin of 40.72% and a return on equity of 29.91%. On average, analysts expect Arista Networks to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Arista Networks Stock Performance

ANET stock opened at $91.08 on Friday. The company has a market capitalization of $114.36 billion, a P/E ratio of 41.03, a price-to-earnings-growth ratio of 3.10 and a beta of 1.38. Arista Networks has a 52-week low of $59.43 and a 52-week high of $133.58. The business has a 50-day simple moving average of $79.15 and a two-hundred day simple moving average of $97.72.

Insiders Place Their Bets

In other news, Director Kelly Bodnar Battles sold 1,492 shares of the business’s stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $68.49, for a total transaction of $102,187.08. Following the completion of the transaction, the director now directly owns 7,480 shares in the company, valued at $512,305.20. The trade was a 16.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $77.55, for a total value of $620,400.00. Following the completion of the sale, the director now owns 139,784 shares in the company, valued at $10,840,249.20. This trade represents a 5.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 412,355 shares of company stock worth $39,446,799 in the last quarter. 3.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Arista Networks stock. Brighton Jones LLC lifted its holdings in Arista Networks, Inc. (NYSE:ANET) by 321.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,806 shares of the technology company’s stock after acquiring an additional 5,955 shares during the quarter. Brighton Jones LLC’s holdings in Arista Networks were worth $863,000 at the end of the most recent quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ANET shares. Piper Sandler cut their price objective on shares of Arista Networks from $108.00 to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group reiterated a “buy” rating on shares of Arista Networks in a research note on Monday, March 3rd. Erste Group Bank downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Rosenblatt Securities raised Arista Networks from a “sell” rating to a “neutral” rating and increased their price target for the company from $55.00 to $85.00 in a research report on Tuesday, April 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $145.00 price objective on shares of Arista Networks in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Arista Networks currently has a consensus rating of “Moderate Buy” and an average target price of $108.36.

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.