Arista Networks (ANET) Stock Jumps as Institutions Load Up Before S&P 100 Move
TLDR
- ANET has gained 37.3% over the past six months, outperforming the S&P 500 and the broader tech sector
- Q2 revenue came in at $3.04 billion, up 37.7% year over year, beating the $2.83 billion estimate
- AI fabrics customer base has grown from 4-5 customers in 2024 to over 100 cumulative customers
- Arista is being added to the S&P 100 index effective September 21, 2026
- Analysts hold a consensus โBuyโ rating with an average price target of $225.76
Arista Networks stock opened at $193.54 on Friday, giving the company a market cap of $244.10 billion. The stock has climbed 37.3% over the past six months, well ahead of the Internet software industryโs 7.8% gain over the same period.
The run higher comes on the back of strong fundamentals. In Q2 2026, Arista posted earnings per share of $1.02, beating the analyst consensus of $0.89 by $0.13. Revenue hit $3.04 billion, topping the $2.83 billion forecast and marking a 37.7% increase from the same quarter last year.
For Q3 2026, management has guided for EPS of $1.06 to $1.08. Analysts on average expect full-year EPS of $3.70.
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