Arista Networks (NYSE:ANET) Stock Price Down 7.1% – Here’s What Happened

05 Jun 2026, 17:17 by Teresa Graham · The Cerbat Gem

Shares of Arista Networks, Inc. (NYSE:ANET – Get Free Report) traded down 7.1% on Friday . The company traded as low as $152.19 and last traded at $154.2330. 8,929,172 shares were traded during trading, an increase of 1% from the average session volume of 8,877,337 shares. The stock had previously closed at $166.01.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ANET shares. JPMorgan Chase & Co. lifted their price target on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Wells Fargo & Company increased their price objective on shares of Arista Networks from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a research report on Friday, May 15th. Weiss Ratings upgraded shares of Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Finally, Citigroup dropped their target price on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $185.72.

Check Out Our Latest Stock Analysis on Arista Networks

Arista Networks Price Performance

The company’s 50 day simple moving average is $150.59 and its 200 day simple moving average is $138.71. The company has a market capitalization of $194.21 billion, a PE ratio of 52.82, a price-to-earnings-growth ratio of 2.69 and a beta of 1.61.

Arista Networks (NYSE:ANET – Get Free Report) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.06. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current year.

Insiders Place Their Bets

In other news, insider Kenneth Duda sold 32,000 shares of Arista Networks stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $134.14, for a total transaction of $4,292,480.00. Following the sale, the insider owned 12,976 shares in the company, valued at approximately $1,740,600.64. The trade was a 71.15% 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. Also, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the sale, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at approximately $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,943,142 shares of company stock valued at $314,941,943. 2.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arista Networks

A number of institutional investors have recently modified their holdings of ANET. Brighton Jones LLC raised its holdings in shares of Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after buying an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Arista Networks during the fourth quarter worth about $202,000. Bison Wealth LLC acquired a new position in Arista Networks in the 4th quarter valued at about $251,000. Sivia Capital Partners LLC raised its stake in Arista Networks by 48.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 3,496 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in Arista Networks by 31.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock valued at $429,000 after acquiring an additional 1,000 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Company Profile

(Get Free Report)

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.