Arista networks CTO Kenneth Duda sells $6.8 million in stock

Published 11/03/2025, 02:06
Arista networks CTO Kenneth Duda sells $6.8 million in stock

Kenneth Duda, the Chief Technology Officer and Senior Vice President of Software (ETR:SOWGn) Engineering at Arista Networks , Inc. (NYSE:ANET), a prominent $97.47 billion market cap player in the Communications Equipment industry, recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Duda sold shares totaling approximately $6.8 million on March 6, 2025. The sales were executed at prices ranging from $83.94 to $86.38 per share, coming at a time when InvestingPro data shows the stock has declined nearly 30% year-to-date.

In addition to these sales, shares held in trust for Duda’s children and a foundation saw sales amounting to $5.4 million and $1.4 million, respectively, within the same price range. The transactions were conducted under pre-arranged trading plans. The company maintains robust financial health with a current ratio of 4.36, indicating strong liquidity.

Earlier, Duda exercised options to acquire 80,000 shares at a price of $4.03 per share, with a total transaction value of $322,304. Following these transactions, Duda continues to hold a substantial number of shares directly and indirectly through various trusts and foundations. For deeper insights into ANET’s valuation and 15 additional key ProTips, visit InvestingPro.

In other recent news, Arista Networks has reported several key developments that are drawing attention from analysts and investors. The company recently released its fourth-quarter earnings, which aligned with analysts’ expectations, and provided guidance for a 17% revenue increase by fiscal year 2025. UBS has upgraded Arista Networks’ stock rating to Buy and raised the price target to $115, citing strong data center capital expenditure trends and potential revenue growth exceeding current guidance. Meanwhile, Piper Sandler adjusted its price target to $108, maintaining a Neutral rating due to tempered expectations following Arista’s modest guidance and potential customer shifts.

Rosenblatt Securities increased its price target to $85 but maintained a Sell rating, expressing concerns about Arista’s ability to achieve its financial targets in the AI back-end market. Needham, however, maintained a Buy rating with a $145 target, highlighting Arista’s strong operational margins and growth in the Cloud Titan segment. The firm’s confidence is bolstered by significant wins, including Google (NASDAQ:GOOGL), in AI back-end projects. Evercore ISI reiterated an Outperform rating with a $130 price target, noting Arista’s resilience despite reduced revenue from Meta (NASDAQ:META) and projecting potential revenue growth as Ethernet adoption rises.

These developments reflect a mixed but generally positive outlook from analysts, with varying degrees of optimism about Arista Networks’ financial prospects and market positioning.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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