Wells Fargo & Company Forecasts Strong Price Appreciation for Arista Networks (NYSE:ANET) Stock

Arista Networks (NYSE:ANET) had its price objective boosted by stock analysts at Wells Fargo & Company from $150.00 to $175.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 25.58% from the company’s current price.

ANET has been the topic of a number of other reports. Wolfe Research boosted their price target on shares of Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday. Barclays raised their price objective on shares of Arista Networks from $151.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday. Redburn Atlantic assumed coverage on shares of Arista Networks in a research report on Wednesday, May 28th. They issued a “buy” rating and a $112.00 price objective for the company. Needham & Company LLC raised their price objective on shares of Arista Networks from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.56.

Arista Networks Stock Down 8.9%

NYSE:ANET opened at $139.35 on Friday. The firm has a market cap of $175.14 billion, a PE ratio of 54.81, a price-to-earnings-growth ratio of 3.60 and a beta of 1.50. Arista Networks has a 12 month low of $59.43 and a 12 month high of $156.32. The company’s 50-day moving average price is $126.85 and its two-hundred day moving average price is $100.21.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, research analysts expect that Arista Networks will post 2.2 EPS for the current fiscal year.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the completion of the sale, the chief executive officer owned 5,383,207 shares in the company, valued at $799,567,735.71. The trade was a 18.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $117.01, for a total transaction of $936,080.00. Following the sale, the director owned 57,784 shares of the company’s stock, valued at approximately $6,761,305.84. This represents a 12.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,582,614 shares of company stock worth $980,712,097 in the last quarter. 3.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bare Financial Services Inc lifted its position in shares of Arista Networks by 2,118.2% in the second quarter. Bare Financial Services Inc now owns 244 shares of the technology company’s stock worth $25,000 after purchasing an additional 233 shares in the last quarter. HighMark Wealth Management LLC lifted its position in shares of Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after purchasing an additional 230 shares in the last quarter. Cloud Capital Management LLC bought a new stake in shares of Arista Networks in the first quarter worth $30,000. Saudi Central Bank bought a new stake in shares of Arista Networks in the first quarter worth $33,000. Finally, REAP Financial Group LLC lifted its position in shares of Arista Networks by 108.0% in the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after purchasing an additional 175 shares in the last quarter. 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.