Financial giants have made a conspicuous bearish move on Arista Networks ( ANET ). Our analysis of options history for Arista Networks ( ANET ) revealed 17 unusual trades.

Delving into the details, we found 23% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $135,650, and 14 were calls, valued at $992,854.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $125.0 for Arista Networks ( ANET ) over the recent three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Arista Networks's ( ANET ) options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Arista Networks's ( ANET ) whale activity within a strike price range from $60.0 to $125.0 in the last 30 days.

Arista Networks Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Arista Networks

Arista Networks ( ANET ) is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.

Arista Networks's Current Market Status

With a trading volume of 1,510,930, the price of ANET is up by 3.06%, reaching $81.55.

Current RSI values indicate that the stock is may be oversold.

Next earnings report is scheduled for 55 days from now.

What Analysts Are Saying About Arista Networks

5 market experts have recently issued ratings for this stock, with a consensus target price of $120.4.

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* Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Arista Networks ( ANET ) with a target price of $126.

* Consistent in their evaluation, an analyst from Rosenblatt keeps a Sell rating on Arista Networks ( ANET ) with a target price of $85.

* An analyst from Citigroup persists with their Buy rating on Arista Networks ( ANET ), maintaining a target price of $121.

* An analyst from Wells Fargo has decided to maintain their Overweight rating on Arista Networks ( ANET ), which currently sits at a price target of $125.

* Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Arista Networks ( ANET ) with a target price of $145.

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