Arista Networks Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts


Arista Networks, Inc. (NYSE:ANET) is expected to report its fourth quarter results, after the closing bell on February 12, 2024.

Analysts expect the company to report quarterly earnings of $1.70 per share, up from $1.41 per share a year ago. The company is expected to report revenue of $1.53 billion, up from $1.28 billion in the previous quarter, according to data from Benzinga Pro.

Arista Networks in November reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance that beat estimates.

Arista shares rose 2.4% to close at $282.45 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock symbol, company name, analyst firm, rating change, or other variables.

Let's see how Benzinga's most accurate system analysts rated the company in the recent period.

  • Wells Fargo analyst Aaron Rakers maintained an Overweight rating and raised the price target from $225 to $310 on February 7, 2024. This analyst has an 85% accuracy rate.
  • JMP Titles analyst Erik Suppiger maintained a market outperform rating and increased the price target from $215 to $325 on February 5, 2024. This analyst has a 77% accuracy rate.
  • Search Melius analyst Ben Reitzes upgraded the stock from Hold to Buy with a price target of $300 on January 8, 2024. This analyst has a 70% accuracy rate.
  • Morgan Stanley Meta analyst Marshall maintained an Overweight rating and increased the price target from $230 to $272 on January 2, 2024. This analyst has a 73% accuracy rate.
  • Piper Sandler analyst James Fish maintained a neutral rating and raised the price target from $190 to $209 on November 10, 2023. This analyst has a 70% accuracy rate.

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