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Kenneth Duda, President and CTO of Arista Networks Inc NASDAQ:ANET, a prominent player in the Communications Equipment industry with a market capitalization of $184 billion, sold a total of 30,000 shares of common stock on October 17, 2025, according to a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro analysis, the company maintains strong financial health with an overall score of "GREAT." The sales, executed under a pre-arranged 10b5-1 trading plan, were conducted at weighted average prices ranging from $140.0367 to $143.7229, resulting in proceeds of approximately $4.28 million.
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.
In addition, sales were effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person for the benefit of the reporting person’s children, selling shares at weighted average prices ranging from $140.0367 to $143.7229, resulting in proceeds of approximately $2.28 million.
Finally, sales were effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person’s 501(c) Foundation, selling shares at weighted average prices ranging from $140.0367 to $143.7229, resulting in proceeds of approximately $1.43 million.
In other recent news, Arista Networks is preparing for its third-quarter earnings report, with Evercore ISI maintaining an Outperform rating and a price target of $175. The research firm anticipates that Arista will exceed current consensus estimates of $2.26 billion in revenue and $0.71 in earnings per share. Meanwhile, NVIDIA’s announcement that Meta and Oracle will adopt its Spectrum-X Ethernet networking switches has been noted, with implications for Arista’s competitive landscape. Needham has increased its price target for Arista Networks to $160, citing the company’s new Cloud/AI capabilities and investments aimed at competing with Cisco. UBS has maintained its Buy rating and $155 price target, highlighting Arista’s positive outlook through calendar year 2026. Rosenblatt raised its price target to $140, noting Arista’s strategic focus on cloud integration and power savings in AI data centers. These developments reflect a range of analyst perspectives on Arista’s growth prospects and strategic initiatives.
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