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Director Kelly Battles of Arista Networks Inc (NASDAQ:NYSE:ANET), a prominent player in the Communications Equipment industry with a market capitalization of $149 billion, sold 864 shares of common stock on July 25, 2025, for approximately $99,081. The stock has shown strong momentum, delivering a 48% return over the past year.
The sales were executed in two transactions. The first involved 367 shares sold at a weighted average price of $114.4016, with prices ranging from $113.70 to $114.695. The second transaction involved 497 shares sold at a weighted average price of $114.8813, with prices ranging from $114.70 to $115.07. According to InvestingPro, the company is currently trading above its Fair Value, with investors eagerly awaiting the upcoming earnings report on August 5, 2025.
Following the transactions, Battles directly owns 7,460 shares of Arista Networks. The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on June 13, 2024. For deeper insights into insider trading patterns and 15+ additional exclusive tips, check out the comprehensive InvestingPro Research Report for ANET.
In other recent news, Arista Networks has made significant strides with its latest earnings and revenue announcements. The company has expanded its enterprise networking capabilities by acquiring the VeloCloud SD-WAN portfolio from Broadcom (NASDAQ:AVGO), introducing new AI-driven products. These include a compact fanless PoE switch, Wi-Fi 7 access points, and the AWE-7220R WAN router, aimed at enhancing branch edge networking capabilities. Additionally, Erste Group has upgraded Arista Networks’ stock rating from Hold to Buy, noting progress in developing a cross-vendor ecosystem for AI networks. Citi has raised its price target for Arista Networks to $123, maintaining a Buy rating, and anticipates the company’s second-half outlook to receive positive revisions. Goldman Sachs has reiterated its Buy rating with a price target of $115 following Arista’s announcement of new enterprise networking products. KeyBanc has initiated coverage with an overweight rating and a price target of $115, citing Arista’s leadership in cloud and data center networking. These developments highlight Arista Networks’ continued growth and expansion in the networking market.
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