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Director Charles H. Giancarlo of Arista Networks, Inc. (NASDAQ:ANET) sold a total of 7,900 shares of common stock on November 3, 2025, for approximately $1.26 million. The sales occurred in multiple transactions with prices ranging from $156.3252 to $159.02 per share. Notably, ANET stock has since declined 11.37% over the past week, now trading at $140.42. According to InvestingPro analysis, the company appears overvalued against its Fair Value estimate.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 12, 2025. Despite the recent price decline, ANET has delivered impressive returns of 54.7% over the past six months and 32.75% over the last year.
Specifically, Giancarlo sold 2,168 shares at a weighted average price of $156.3252, with individual prices ranging from $155.74 to $156.73. He also sold 5,232 shares at a weighted average price of $157.3273, in a range from $156.78 to $157.76. An additional 500 shares were sold at an average price of $158.011, with prices varying between $157.81 and $158.31. The final transaction involved the sale of 100 shares at $159.02 each.
Following these transactions, Giancarlo indirectly owns 33,784 shares of Arista Networks , Inc. common stock through a family trust where he serves as co-trustee. He also directly owns 220,607 shares.
In other recent news, Arista Networks reported its third-quarter financial results, revealing an earnings per share (EPS) of $0.75, which surpassed analyst forecasts of $0.71. The company’s revenue reached $2.31 billion, exceeding the expected $2.26 billion. Despite these strong figures, Arista Networks projected a deceleration in top-line growth, with revenue growth slowing from 30% in the second quarter to 27% in the third quarter, and an anticipated 22% for the fourth quarter. Rosenblatt maintained its Neutral rating on the company, keeping the price target at $140.00, while noting the earnings and revenue beat. Piper Sandler raised its price target slightly to $145.00 from $143.00, also maintaining a Neutral rating, citing Arista’s traction in the AI sector. The firm observed that despite the positive earnings, the revenue and product billings deceleration did not meet some investors’ high expectations. These developments highlight the mixed investor sentiment surrounding Arista Networks following its recent earnings report.
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