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Arista Networks (ANET) closed the most recent trading day at $181.15, moving 3.11% from the previous trading session.
ANET's AI networking portfolio and rising cloud demand fueled 35% revenue growth as new Etherlink platforms position the company for further expansion.
Zacks.com users have recently been watching Arista Networks (ANET) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Arista Networks is well-positioned for Q2 earnings, with optimism driven by strong demand for its AI connectivity and Ethernet switching solutions. Recent management commentary and supply chain updates suggest CY26 gross margins may bottom at 62-64%, with potential for upward guidance revision. I am reiterating my Bullish rating on ANET and raising my price target to $209, reflecting anticipated EBITDA multiple expansion and accelerating growth.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
I reiterate Arista Networks as a Strong Buy with a $216 price target, implying ~30% upside from current levels of $166. My key growth drivers are AI Fabrics, 800G switching, Campus expansion, software/services, deferred revenue conversion, and operating leverage, which together support my 2028 non-GAAP EPS estimate of about $5.03. I arrive at my price target by applying a 43x FWD non-GAAP P/E multiple to 2028 estimated non-GAAP EPS of $5.03.
In the most recent trading session, Arista Networks (ANET) closed at $166.46, indicating a -3.94% shift from the previous trading day.
Arista Networks, Inc. ANET has gained 56% in a year compared with the Internet software industry's growth of 10.8%. The stock has outperformed the Zacks Computer & Technology sector and the S&P 500 during the same time frame.
In the closing of the recent trading day, Arista Networks (ANET) stood at $166.62, denoting a -1.92% move from the preceding trading day.
Recently, Zacks.com users have been paying close attention to Arista Networks (ANET). This makes it worthwhile to examine what the stock has in store.
Networking company Arista Networks, Inc. (ANET) up 3,218% since 2015's first outlier inflow.