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

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

Arista Networks Price Performance

Shares of NYSE:ANET opened at $111.05 on Wednesday. The company has a market capitalization of $139.89 billion, a price-to-earnings ratio of 53.39, a P/E/G ratio of 3.10 and a beta of 1.09. The firm’s 50 day simple moving average is $113.95 and its 200 day simple moving average is $101.32. Arista Networks has a fifty-two week low of $60.08 and a fifty-two week high of $133.57.

Analyst Ratings Changes

Several equities research analysts have issued reports on ANET shares. Rosenblatt Securities reissued a “sell” rating and issued a $80.00 price target on shares of Arista Networks in a report on Tuesday. Morgan Stanley boosted their price target on shares of Arista Networks from $102.50 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. StockNews.com lowered shares of Arista Networks from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. Evercore ISI boosted their price target on shares of Arista Networks from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Finally, Wells Fargo & Company boosted their price target on shares of Arista Networks from $97.50 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.59.

Insider Activity at Arista Networks

In related news, Director Charles H. Giancarlo sold 2,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was 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 approximately $17,721,666.90. This represents a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kenneth Duda sold 80,000 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $108.29, for a total value of $8,663,200.00. Following the sale, the senior vice president now directly owns 12,976 shares of the company’s stock, valued at approximately $1,405,171.04. The trade was a 86.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 337,320 shares of company stock worth $37,946,706 in the last ninety days. Company insiders own 3.54% of the company’s stock.

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.