Trump announces trade deal with EU following months of negotiations
Kenneth Duda, CTO and SVP Software (ETR:SOWGn) Engineering at Arista Networks , Inc. (NASDAQ:NYSE:ANET), sold a total of 55,104 shares of common stock on June 17, 2025, at prices ranging from $90.6563 to $94.327, totaling approximately $5.16 million. These sales were executed under a pre-arranged Rule 10b5-1 trading plan. The transaction comes as Arista Networks, a prominent player in the Communications Equipment industry with a market capitalization of $108.21 billion, maintains a strong financial health score of "GREAT" according to InvestingPro analysis.
Duda sold 21,500 shares directly, realizing approximately $2.77 million. Separately, 17,447 shares held in a children’s trust were sold for roughly $1.48 million, and 16,157 shares held by a foundation were sold for about $922,299. Duda serves as co-trustee for both the children’s trust and the foundation. With 17 analysts recently revising earnings upward and a consensus recommendation of 1.75 (Strong Buy), InvestingPro offers deeper insights into Arista’s valuation and growth prospects through its comprehensive Pro Research Report, available for over 1,400 US stocks.
On the same day, Duda also exercised options to acquire 30,000 shares of Arista Networks common stock at a price of $3.515 per share, for a total value of $105,450. The company maintains robust financials with a gross profit margin of 64.09% and strong return metrics, including a 24.16% return on assets over the last twelve months.
In other recent news, Arista Networks announced the appointment of Todd Nightingale as the new President and COO, effective July 1, 2025. Nightingale joins Arista with significant experience in the tech industry, having previously served as CEO at Fastly (NYSE:FSLY) and held leadership roles at Cisco Systems (NASDAQ:CSCO). Meanwhile, Citi has reiterated its Buy rating on Arista Networks, maintaining a price target of $112. This follows a webinar on AI networking, where expectations for the AI switching market to grow significantly by 2029 were discussed. Redburn-Atlantic also initiated coverage on Arista Networks with a Buy rating and a $112 price target, citing the company’s strengths in AI-driven networking solutions. At the company’s recent annual stockholder meeting, the election of three Class II directors was confirmed, along with the approval of executive compensation and the ratification of Ernst & Young as the independent auditor for 2025. These developments reflect Arista Networks’ ongoing strategic efforts and market positioning in the rapidly evolving AI and networking sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.