Arista Networks FY2025 EPS Estimate Lifted by William Blair

Arista Networks, Inc. (NYSE:ANET) – Research analysts at William Blair boosted their FY2025 earnings estimates for Arista Networks in a research report issued to clients and 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 forecast of $2.16. The consensus estimate for Arista Networks’ current full-year earnings is $2.19 per share.

Several other equities analysts also recently issued reports on ANET. Morgan Stanley raised their price target on shares of Arista Networks from $102.50 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. UBS Group raised their price target on shares of Arista Networks from $106.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday. Piper Sandler reissued a “neutral” rating and set a $108.00 target price (up previously from $106.00) on shares of Arista Networks in a research note on Wednesday. Rosenblatt Securities reissued a “sell” rating and set a $80.00 target price on shares of Arista Networks in a research note on Tuesday, February 18th. Finally, Citigroup lifted their target price on shares of Arista Networks from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $113.79.

Arista Networks Stock Performance

ANET stock opened at $98.31 on Friday. The company has a fifty day moving average price of $113.66 and a 200-day moving average price of $101.70. The company has a market capitalization of $123.97 billion, a P/E ratio of 44.28, a PEG ratio of 3.27 and a beta of 1.09. Arista Networks has a 52-week low of $60.08 and a 52-week high of $133.57.

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

Insider Activity

In other news, Director Charles H. Giancarlo sold 2,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were 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 $17,721,666.90. The trade was a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John F. Mccool sold 288 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $108.70, for a total transaction of $31,305.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 260,056 shares of company stock worth $30,225,623. Company insiders own 3.54% of the company’s stock.

Institutional Investors Weigh In On Arista Networks

Several hedge funds and other institutional investors have recently made changes to their positions in ANET. Foundations Investment Advisors LLC increased its position in shares of Arista Networks by 5.0% during the third quarter. Foundations Investment Advisors LLC now owns 653 shares of the technology company’s stock worth $251,000 after acquiring an additional 31 shares in the last quarter. Sequoia Financial Advisors LLC grew its position 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 bought a new stake in Arista Networks in the 3rd quarter worth about $203,000. Private Advisor Group LLC grew its position 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 grew its position in Arista Networks by 39,841.1% in the 3rd quarter. International Assets Investment Management LLC now owns 875,110 shares of the technology company’s stock worth $3,358,850,000 after purchasing an additional 872,919 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

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.