Arista Networks (NYSE:ANET) Price Target Raised to $234.00

Arista Networks (NYSE:ANET) had its target price lifted by Truist Financial from $175.00 to $234.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

ANET has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their target price on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Wells Fargo & Company reissued an “overweight” rating and issued a $255.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday. Wolfe Research restated an “outperform” rating and set a $175.00 price objective on shares of Arista Networks in a research note on Wednesday, June 10th. Finally, Citigroup dropped their target price on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $226.05.

Arista Networks Stock Down 1.9%

ANET stock opened at $188.61 on Wednesday. The company has a market cap of $237.88 billion, a price-to-earnings ratio of 59.50, a P/E/G ratio of 2.21 and a beta of 1.60. Arista Networks has a twelve month low of $114.52 and a twelve month high of $214.89. The business has a 50 day moving average price of $170.89 and a two-hundred day moving average price of $152.33.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business’s revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities research analysts anticipate that Arista Networks will post 3.32 EPS for the current fiscal year.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 767,029 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total value of $154,341,575.38. Following the transaction, the chief executive officer owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. This represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of the stock in a transaction on Monday, July 20th. The shares were sold at an average price of $170.51, for a total value of $4,433,260.00. Following the transaction, the insider directly owned 462,400 shares of the company’s stock, valued at approximately $78,843,824. This trade represents a 5.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 3,707,811 shares of company stock worth $665,839,139. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ANET. Norges Bank bought a new position in shares of Arista Networks during the fourth quarter valued at about $1,558,563,000. M&T Bank Corp increased its holdings in shares of Arista Networks by 3,182.7% in the fourth quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock worth $525,741,000 after buying an additional 3,890,146 shares during the period. Franklin Resources Inc. lifted its stake in shares of Arista Networks by 59.3% in the 4th quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock valued at $1,032,302,000 after acquiring an additional 2,934,098 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Arista Networks by 34.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock valued at $1,712,788,000 after acquiring an additional 2,497,275 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in Arista Networks by 86.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,240,951 shares of the technology company’s stock valued at $520,168,000 after acquiring an additional 1,960,829 shares during the period. 82.47% of the stock is owned by institutional investors.

Arista Networks News Summary

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

• Positive Sentiment: Record earnings reinforced the growth story: Arista reported adjusted EPS of $1.02 versus the $0.89 consensus estimate, while revenue rose 37.7% year over year to $3.04 billion, exceeding expectations of $2.83 billion. It was the company’s first quarter above $3 billion. Arista Books Its First $3 Billion Quarter
• Positive Sentiment: AI networking demand remains strong: Hyperscaler and enterprise spending on AI data-center infrastructure is supporting Arista’s switching, routing and cloud networking businesses. The company also introduced new 1.6 Tbps AI networking platforms that could expand its Ethernet opportunity, although customer adoption and execution remain key. How Arista’s New AI Platform Could Expand ANET’s Growth Story
• Positive Sentiment: Management raised its outlook: Arista guided for approximately $3.3 billion of third-quarter revenue and $1.06–$1.08 in EPS. Its 2026 revenue outlook was lifted to $12.6 billion, helped by improving supply availability and sustained AI demand. Arista Projects $12.6 Billion 2026 Revenue
• Positive Sentiment: Analysts remain bullish: Rosenblatt, TD Cowen, Piper Sandler and Truist raised price targets to $280, $250, $240 and $234, respectively, while maintaining positive ratings. Additional coverage describes ANET as a high-growth stock with strong profitability and return on equity.
• Neutral Sentiment: Insider sale was planned: Director Charles Giancarlo sold 8,000 shares for about $1.45 million under a pre-arranged Rule 10b5-1 plan. He retained 184,333 shares, limiting the significance of the transaction. SEC insider transaction filing
• Negative Sentiment: Valuation is a near-term concern: Following a roughly 30% three-month rally, ANET trades at an elevated earnings multiple. Investors may be taking profits because substantial AI growth is already reflected in the stock, leaving limited room for weaker demand, margin pressure, supply issues or guidance misses.

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.