Arista Networks (NYSE:ANET) Upgraded at Zacks Research

Zacks Research upgraded shares of Arista Networks (NYSE:ANET) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

ANET has been the subject of several other reports. Truist Financial started coverage on Arista Networks in a research note on Tuesday, March 31st. They set a “buy” rating and a $161.00 target price for the company. The Goldman Sachs Group reissued a “buy” rating and set a $188.00 target price (up from $165.00) on shares of Arista Networks in a research note on Friday, February 13th. Barclays reissued an “overweight” rating and set a $184.00 target price (up from $183.00) on shares of Arista Networks in a research note on Friday, February 13th. Piper Sandler reissued an “overweight” rating and set a $175.00 target price (up from $159.00) on shares of Arista Networks in a research note on Friday, February 13th. Finally, Wells Fargo & Company boosted their target price on Arista Networks from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Arista Networks has a consensus rating of “Buy” and a consensus price target of $176.44.

Arista Networks Trading Down 0.2%

Shares of NYSE ANET opened at $154.13 on Monday. Arista Networks has a twelve month low of $66.59 and a twelve month high of $164.94. The stock has a fifty day simple moving average of $135.02 and a 200-day simple moving average of $136.08. The stock has a market capitalization of $193.67 billion, a PE ratio of 55.84, a PEG ratio of 2.73 and a beta of 1.48.

Arista Networks (NYSE:ANET) last released its earnings results on Thursday, February 12th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.75 by $0.07. Arista Networks had a return on equity of 30.37% and a net margin of 38.99%.The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the firm posted $0.66 EPS. Arista Networks’s revenue for the quarter was up 28.9% on a year-over-year basis. On average, equities analysts predict that Arista Networks will post 2.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 112,812 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $150.11, for a total transaction of $16,934,209.32. Following the transaction, the chief executive officer owned 9,917 shares in the company, valued at $1,488,640.87. This trade represents a 91.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $125.95, for a total value of $1,007,600.00. Following the transaction, the director owned 216,333 shares in the company, valued at $27,247,141.35. This represents a 3.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 312,444 shares of company stock worth $43,807,814. Corporate insiders own 3.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ANET. Board of the Pension Protection Fund purchased a new position in Arista Networks during the 4th quarter worth approximately $26,000. Sankala Group LLC purchased a new position in Arista Networks during the 4th quarter worth approximately $27,000. Prosperity Bancshares Inc purchased a new position in Arista Networks during the 4th quarter worth approximately $28,000. AdvisorNet Financial Inc grew its stake in Arista Networks by 56.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock worth $29,000 after buying an additional 72 shares during the last quarter. Finally, Knuff & Co LLC purchased a new position in Arista Networks during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Trending Headlines about Arista Networks

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Zacks upgraded Arista from “hold” to “strong-buy”, which can drive buying interest from retail and momentum-focused funds. Read More.
• Positive Sentiment: Multiple pieces highlight Arista as a beneficiary of rising AI infrastructure demand (hyperscale data centers, low‑latency/high‑throughput networking), reinforcing revenue growth expectations. This thematic bullishness supports higher multiple expansion for ANET. Read More.
• Positive Sentiment: Recent coverage notes Arista outperformed the broader market in the latest session, reflecting short‑term buying momentum. Read More.
• Neutral Sentiment: Peers show accelerating demand: Cisco reported strong AI‑driven networking growth and Ciena is lifting capex amid backlog and orders — these validate a broader market tailwind for network vendors but also signal intensifying competition and supply dynamics. Read More. Read More.
• Neutral Sentiment: Several market pieces review analyst sentiment and what to expect for Arista’s next earnings — these can amplify volatility around guidance and estimates but don’t by themselves change fundamentals. Read More.
• Negative Sentiment: CEO Jayshree Ullal sold 112,812 shares at an average $150.11 under a pre‑arranged 10b5‑1 plan, cutting her reported direct ownership sharply. Large insider sales can put short‑term pressure on sentiment even when executed under a trading plan. Read More.

About Arista Networks

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.