Arista Networks (NYSE:ANET) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Arista Networks (NYSE:ANET) issued its quarterly earnings data on Tuesday. The technology company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02, Zacks reports. Arista Networks had a net margin of 40.29% and a return on equity of 30.52%. Arista Networks updated its Q1 2025 guidance to EPS.

Arista Networks Trading Up 3.9 %

Shares of ANET traded up $4.18 during mid-day trading on Tuesday, reaching $111.05. The company’s stock had a trading volume of 20,565,694 shares, compared to its average volume of 9,419,350. The stock has a market cap of $139.89 billion, a PE ratio of 53.39, a P/E/G ratio of 3.10 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 fifty day moving average price is $113.95 and its two-hundred day moving average price is $101.32.

Insider Transactions at Arista Networks

In related news, insider John F. Mccool sold 288 shares of the company’s stock in a transaction on Monday, December 9th. The shares were 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 Securities & Exchange Commission, which is available through this link. Also, SVP Kenneth Duda sold 80,000 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $108.29, for a total transaction of $8,663,200.00. Following the sale, the senior vice president now owns 12,976 shares of the company’s stock, 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. In the last ninety days, insiders sold 337,320 shares of company stock worth $37,946,706. 3.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Barclays reduced their price objective on shares of Arista Networks from $495.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. UBS Group boosted their price target on shares of Arista Networks from $92.25 to $106.25 and gave the stock a “neutral” rating in a research note on Friday, November 8th. The Goldman Sachs Group boosted their price target on shares of Arista Networks from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Evercore ISI boosted their price target on shares of Arista Networks from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Finally, Rosenblatt Securities reissued a “sell” rating and issued a $80.00 price target on shares of Arista Networks in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.59.

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.