ANET

Arista Networks is well-positioned for Q2 earnings, with optimism driven by strong demand for its AI connectivity and Ethernet switching solutions. Recent management commentary and supply chain updates suggest CY26 gross margins may bottom at 62-64%, with potential for upward guidance revision. I am reiterating my Bullish rating on ANET and raising my price target to $209, reflecting anticipated EBITDA multiple expansion and accelerating growth.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

I reiterate Arista Networks as a Strong Buy with a $216 price target, implying ~30% upside from current levels of $166. My key growth drivers are AI Fabrics, 800G switching, Campus expansion, software/services, deferred revenue conversion, and operating leverage, which together support my 2028 non-GAAP EPS estimate of about $5.03. I arrive at my price target by applying a 43x FWD non-GAAP P/E multiple to 2028 estimated non-GAAP EPS of $5.03.

SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks, Inc. (NYSE: ANET) will release its financial results for the quarter ended June 30th, 2026, after U.S. markets close on Tuesday, August 4th, 2026. The results will be included in a press release, along with accompanying financial information, and will be posted on the Investor Relations section of the Arista website at https://investors.arista.com. Arista's executive management team will host a conference call on August 4th, beginning at 1:.

Arista Networks, Inc. ANET has gained 56% in a year compared with the Internet software industry's growth of 10.8%. The stock has outperformed the Zacks Computer & Technology sector and the S&P 500 during the same time frame.

While the market's momentum has been undeniable, valuation metrics are flashing caution signs that investors shouldn't ignore following one of the strongest periods for U.S. equities in recent memory.

Recently, Zacks.com users have been paying close attention to Arista Networks (ANET). This makes it worthwhile to examine what the stock has in store.

Networking company Arista Networks, Inc. (ANET) up 3,218% since 2015's first outlier inflow.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

CIEN and ANET are capitalizing on booming AI networking demand, but differences in growth outlook, estimates and valuation may sway investors.