Arista Networks Option Alert: Jan 16 $117.5 Puts at the Bid: 1150 vs 190 OI; Earnings 7/29 After Close [est] 

Arista Networks Option Alert: Jan 16 $117.5 Puts at the Bid: 1150 @ $23.8 vs 190 OI; Earnings 7/29 After Close [est] Ref=$99.695

Arista Networks (NYSE:ANET) Stock

ARISTA NETWORKS INC

Arista Networks

Arista Networks 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 Inc

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<li>Arista Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) stock rose 15.23% after KeyBanc initiated coverage with an <a href="https://www.benzinga.com/quote/ANET/analyst-ratings" target="_blank" rel="noreferrer noopener">Overweight rating</a> and a $115 price forecast.</li>
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Photo via Shutterstock

Large Cap

News

Movers

Trading Ideas

ANET

AVAV

COIN

MBLY

RKLB

Nike, AeroVironment And Coinbase Are Among Top 10 Large Cap Gainers Last Week (June 23-27): Are The Others In Your Portfolio?

WIIM

Arista Networks shares are trading higher after Keybanc initiated coverage on the stock with an Overweight rating and announced a price target of $115.

Keybanc analyst Brandon Nispel initiates coverage on Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) with a Overweight rating and announces Price Target of $115.

Price Target

Initiation

Analyst Ratings

Keybanc Initiates Coverage On Arista Networks with Overweight Rating, Announces Price Target of $115

Evercore ISI Group analyst Amit Daryanani maintains Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) with a Outperform and raises the price target from $105 to $110.

Evercore ISI Group Maintains Outperform on Arista Networks, Raises Price Target to $110

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Photo via Shutterstock

CPAY

FSLR

AppLovin, First Solar And Li Auto Are Among Top 10 Large Cap Losers Last Week (June 16-20): Are The Others In Your Portfolio?

Whales with a lot of money to spend have taken a noticeably bearish stance on Arista Networks.
Looking at options history for Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $63,960 and 7, calls, for a total amount of $401,398.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $100.0 for Arista Networks over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Arista Networks's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Arista Networks's substantial trades, within a strike price spectrum from $45.0 to $100.0 over the preceding 30 days.
<h3>Arista Networks 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750183264_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$10.5</td>
<td>$10.4</td>
<td>$10.5</td>
<td>$90.00</td>
<td>$105.0K</td>
<td>2.1K</td>
<td align="right">220</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$10.5</td>
<td>$10.3</td>
<td>$10.5</td>
<td>$90.00</td>
<td>$105.0K</td>
<td>2.1K</td>
<td align="right">20</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$27.6</td>
<td>$27.1</td>
<td>$27.26</td>
<td>$70.00</td>
<td>$54.5K</td>
<td>774</td>
<td align="right">20</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$16.2</td>
<td>$16.0</td>
<td>$16.08</td>
<td>$80.00</td>
<td>$48.2K</td>
<td>1.1K</td>
<td align="right">87</td>
</tr>
<tr>
<td>ANET</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$17.0</td>
<td>$16.8</td>
<td>$16.8</td>
<td>$95.00</td>
<td>$36.9K</td>
<td>404</td>
<td align="right">22</td>
</tr>
</tbody>
</table>

<h3>About Arista Networks</h3>
Arista Networks 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.
In light of the recent options history for Arista Networks, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Arista Networks</h3>
<ul>
<li>Trading volume stands at 5,967,494, with ANET's price down by -4.0%, positioned at $91.28.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 42 days.</li>
</ul>
<h3>What The Experts Say On Arista Networks</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $112.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Redburn Atlantic has revised its rating downward to Buy, adjusting the price target to $112. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Arista Networks, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Arista Networks Options Trading: A Deep Dive into Market Sentiment

Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) Monday announced the appointment of Todd Nightingale as president and chief operating officer, effective on or about July 1, 2025, <a href="https://www.benzinga.com/topic/jp-morgan">according to JPMorgan.</a>
The Arista Networks Analyst: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ac4af2b85e930001e6383f/samik-chatterjee">Analyst Samik Chatterjee</a> maintained an Overweight rating on the stock.
The Arista Networks Thesis: Nightingale was the CEO of Fastly Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) from September 2022 to June 2025 and held various roles at Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) prior to that,Chatterjee said in the note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
&#8220;Nightingale joined Cisco Systems after it acquired Meraki and was instrumental in growing the Meraki portfolio," the analyst added.
"We see the appointment, in addition to recent internal promotions, as part of bolstering the executive ranks as well as succession planning at Arista, likely addressing to some extent concerns from long-only investors," the analyst wrote.
ANET Price Action: Shares of Arista Networks had declined by 3.6% to $91.59 at the time of publication on Tuesday.
Read More: 
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<li><a href="https://www.benzinga.com/insights/analyst-ratings/25/06/45946624/canaan-stock-a-deep-dive-into-analyst-perspectives-8-ratings">Are NVIDIA&#8217;s Ethernet Wins Signs of Hope or Horror for Arista?</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Reiteration

CSCO

FSLY

Arista Networks Names New COO, Experience At Fastly, Cisco Systems

Management

On June 13, 2025, Arista Networks Appointed Todd Nightingale As President And COO; Mr. Nightingale Will Join The Company On Or About July 1, 2025

AAOI

AEVA

COHR

DELL

DOCN

FCUV

NTAP

RCAT

SMCI

TTMI

Shares of companies across the broader tech sector are trading lower amid negative overall market sentiment driven by the escalating conflict between Israel and Iran.

Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) has outperformed the market over the past 10 years by 22.24% on an annualized basis producing an average annual return of 33.32%. Currently, Arista Networks has a market capitalization of $118.70 billion. 
Buying $100 In ANET: If an investor had bought $100 of ANET stock 10 years ago, it would be worth $1,810.86 today based on a price of $94.51 for ANET at the time of writing.
<h3>Arista Networks's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749678313_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Arista Networks 10 Years Ago Would Be Worth This Much Today

Deep-pocketed investors have adopted a bullish approach towards Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ANET usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 26 extraordinary options activities for Arista Networks. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 42% leaning bullish and 34% bearish. Among these notable options, 17 are puts, totaling $949,854, and 9 are calls, amounting to $373,970.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $110.0 for Arista Networks over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Arista Networks's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Arista Networks's significant trades, within a strike price range of $50.0 to $110.0, over the past month.
<h3>Arista Networks Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749139321_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ANET</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$5.4</td>
<td>$5.2</td>
<td>$5.3</td>
<td>$100.00</td>
<td>$178.0K</td>
<td>2.1K</td>
<td>912</td>
</tr>
<tr>
<td>ANET</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$5.4</td>
<td>$5.3</td>
<td>$5.3</td>
<td>$100.00</td>
<td>$108.1K</td>
<td>2.1K</td>
<td>1.7K</td>
</tr>
<tr>
<td>ANET</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$5.4</td>
<td>$5.2</td>
<td>$5.31</td>
<td>$100.00</td>
<td>$98.6K</td>
<td>2.1K</td>
<td>2.5K</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$14.0</td>
<td>$13.9</td>
<td>$14.0</td>
<td>$110.00</td>
<td>$70.0K</td>
<td>647</td>
<td>50</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$24.0</td>
<td>$23.6</td>
<td>$24.0</td>
<td>$80.00</td>
<td>$52.8K</td>
<td>1.3K</td>
<td>1</td>
</tr>
</tbody>
</table>

<h3>About Arista Networks</h3>
Arista Networks 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.
After a thorough review of the options trading surrounding Arista Networks, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Arista Networks</h3>
<ul>
<li>Trading volume stands at 2,231,581, with ANET's price up by 1.25%, positioned at $96.13.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 54 days.</li>
</ul>
<h3>Professional Analyst Ratings for Arista Networks</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $100.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Citigroup has decided to maintain their Buy rating on Arista Networks, which currently sits at a price target of $112. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on Arista Networks, which currently sits at a price target of $119. 
&#x2A; An analyst from Piper Sandler has revised its rating downward to Neutral, adjusting the price target to $89. 
&#x2A; An analyst from Rosenblatt has decided to maintain their Neutral rating on Arista Networks, which currently sits at a price target of $87. 
&#x2A; An analyst from Citigroup persists with their Buy rating on Arista Networks, maintaining a target price of $97. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Arista Networks, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Market Whales and Their Recent Bets on ANET Options

Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) has outperformed the market over the past 5 years by 32.73% on an annualized basis producing an average annual return of 45.95%. Currently, Arista Networks has a market capitalization of $119.59 billion. 
Buying $100 In ANET: If an investor had bought $100 of ANET stock 5 years ago, it would be worth $661.15 today based on a price of $95.22 for ANET at the time of writing.
<h3>Arista Networks's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749049247_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Arista Networks 5 Years Ago Would Be Worth This Much Today

MASS

PCLA

Shares of companies within the broader tech sector are trading higher amid overall market strength due to a rise in NVIDIA, a slight improvement in consumer confidence and as traders await details on potential US trade deals.

Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) strong first-quarter performance highlights a quiet, yet fast-growing segment of the company that has long been overlooked by investors.
What Happened: During its much-anticipated <a href="https://benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong">first quarter results</a> on Wednesday, NVIDIA reported $5 billion in sales from its networking business, an increase of 64% from the prior quarter, with the company&#8217;s CFO Colette Kress noting during the earnings call, that its enhanced Ethernet platform, SpectrumX, is now annualizing over $8 billion.
&#8220;Spectrum X posted strong sequential and year-on-year growth,&#8221; she said, adding that adoption is &#8220;widespread across major CSPs,&#8221; including Microsoft Azure, Oracle Cloud, CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), and most recently, Google Cloud and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
See Also: <a href="https://www.benzinga.com/news/25/05/45660322/trump-tariffs-struck-down-by-federal-court-major-blow-to-white-houses-trade-strategy-report">Trump Tariffs Struck Down By Federal Court — Appeal Filed By Administration: Report (UPDATED)</a>
During the call, CEO Jensen Huang emphasized the company&#8217;s strategy to dominate, not just the AI compute layer, but the entire datacenter architecture. 
He says, &#8220;we now have four networking platforms,&#8221; referring to NVLink, SpectrumX, InfiniBand, and BlueField, all of which he says are &#8220;doing really well.&#8221;
Powerful AI models such as ChatGPT or Google&#8217;s Gemini require hundreds of thousands of GPUs that need to constantly talk with one another. These conversations are an intense, split-second exchange of huge volumes of data that traditional Ethernet switches are incapable of handling.
The company's NVLink Gen 5 platform delivers 130 terabytes per second of bandwidth in a single rack, which is equivalent to the world's peak internet traffic. 
Huang says that enhanced Ethernet, once considered unsuitable for AI, now rivals InfiniBand in efficiency. &#8220;The traffic of AI is insanely bursty… and so SpectrumX has been really, quite frankly, a home run.&#8221;
Despite its rapid growth, networking still makes up a relatively small portion of NVIDIA's $39.1 billion data center revenue, where GPU sales dominate. This is potentially obscuring its growth and impact among investors and analysts. 
&#8220;This is the start of a powerful new wave of growth,&#8221; Huang said, reinforcing his confidence in the segment. &#8220;We're off to the races.&#8221;
Why It Matters: Nvidia&#8217;s networking play is already <a href="https://benzinga.com/analyst-ratings/analyst-color/25/02/44005208/nvidia-ai-juggernaut-rolls-on-but-can-arista-cisco-keep-up">mounting pressure</a> on legacy giants in this space, such as Arista Networks Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) and Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>).
During its <a href="https://benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong">first quarter results</a> on Wednesday, the company reported $44.1 billion in revenue, up 69% year-over-year, and beating consensus estimates at $42.3 billion. It, however, missed earnings estimates, with a profit of $0.81 per share, against $0.88 per share.
Price Action: Shares of Nvidia were down 0.51% on Wednesday, trading at $134.81, but are up 4.89% after hours, following the company&#8217;s better-than-expected first quarter performance.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="138" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28234900/Screenshot-2025-05-29-at-9.18.41-AM-1024x138.png" alt="" class="wp-image-930816" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28234900/Screenshot-2025-05-29-at-9.18.41-AM-1024x138.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28234900/Screenshot-2025-05-29-at-9.18.41-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28234900/Screenshot-2025-05-29-at-9.18.41-AM-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28234900/Screenshot-2025-05-29-at-9.18.41-AM-1536x207.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28234900/Screenshot-2025-05-29-at-9.18.41-AM.png 1618w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Nvidia scores well across most metrics and has a favorable price trend in the short, medium, and long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for more insights.
Photo Courtesy: 3dkombinat on Shutterstock.com
Read More:
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<li><a href="https://www.benzinga.com/markets/25/05/45661128/ross-gerber-blasts-trump-for-destroying-nvidias-china-business-gene-munster-says-forget-about-the-china-curbs-because-the-chip-giants-co">Ross Gerber Blasts Trump For &#8216;Destroying&#8217; Nvidia&#8217;s China Business — Gene Munster Says &#8216;Forget About The China Curbs&#8217; Because The Chip Giant&#8217;s Core Business Is &#8216;On Fire&#8217;</a></li>
</ul>

Earnings

CRWV

NVDA

Jensen Huang Points To 'A Powerful New Wave Of Growth' For Nvidia And Wall Street May Be Overlooking It: Chipmaker Set To Dominate The AI Datastack?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Wells Fargo analyst Finian O&#8217;Shea upgraded the rating for Barings BDC, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBDC#NYSE">BBDC</a>) from Equal-Weight to Overweight and raised the price target from $8.5 to $9.5. Barings BDC shares closed at $9.24 on Tuesday. <a href="https://www.benzinga.com/quote/bbdc/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Arun Jayaram upgraded Noble Corporation plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NE#NYSE">NE</a>) from Neutral to Overweight and announced a $30 price target. Noble shares closed at $24.73 on Tuesday. <a href="https://www.benzinga.com/quote/ne/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Matthew Boss upgraded the rating for Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) from Underweight to Neutral and maintained the price target of $167. Vail Resorts shares closed at $151.50 on Tuesday. <a href="https://www.benzinga.com/quote/mtn/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying MTN stock? Here&#8217;s what analysts think:
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</ul>
Photo via Shutterstock

Upgrades

Pre-Market Outlook

BBDC

MRVL

This Vail Resorts Analyst Is No Longer Bearish; Here Are Top 3 Upgrades For Wednesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Needham analyst Ami Fadia initiated coverage on Alkermes plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALKS#NASDAQ">ALKS</a>) with a Buy rating and announced a price target of $45. Alkermes shares closed at $29.90 on Tuesday. <a href="https://www.benzinga.com/quote/ALKS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. analyst Yi Chen initiated coverage on NeuroPace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NPCE#NASDAQ">NPCE</a>) with a Buy rating and announced a price target of $18. NeuroPace shares closed at $12.66 on Tuesday. <a href="https://www.benzinga.com/quote/NPCE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush analyst Martin Fan initiated coverage on Aclaris Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACRS#NASDAQ">ACRS</a>) with an Outperform rating and announced a price target of $8. Aclaris Therapeutics shares closed at $1.27 on Tuesday. <a href="https://www.benzinga.com/quote/ACRS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Redburn Atlantic analyst Mike Harrison initiated coverage on Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) with a Neutral rating and announced a price target of $67. Marvell Tech shares closed at $63.82 on Tuesday. <a href="https://www.benzinga.com/quote/MRVL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Redburn Atlantic analyst Mike Harrison initiated coverage on Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) with a Buy rating and announced a price target of $112. Arista Networks shares closed at $92.49 on Tuesday. <a href="https://www.benzinga.com/quote/ANET/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying ANET stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="595" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28074230/image-356-1024x595.png" alt="" class="wp-image-929704" style="width:603px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28074230/image-356-1024x595.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28074230/image-356-300x174.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28074230/image-356-768x446.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28074230/image-356.png 1102w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>
Photo via Shutterstock

ACRS

ALKS

NPCE

This Arista Networks Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

Redburn Atlantic analyst Mike Harrison initiates coverage on Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) with a Buy rating and announces Price Target of $112.

Redburn Atlantic Initiates Coverage On Arista Networks with Buy Rating, Announces Price Target of $112

Investors with a lot of money to spend have taken a bullish stance on Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ANET, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Arista Networks.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 25%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $36,830, and 7, calls, for a total amount of $267,552.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $107.5 for Arista Networks during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Arista Networks's 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 whale trades within a strike price range from $70.0 to $107.5 in the last 30 days. 
<h3>Arista Networks Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747839662_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$7.5</td>
<td>$7.2</td>
<td>$7.34</td>
<td>$90.00</td>
<td>$73.4K</td>
<td>3.6K</td>
<td align="right">110</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$12.3</td>
<td>$12.2</td>
<td>$12.2</td>
<td>$100.00</td>
<td>$45.1K</td>
<td>4.1K</td>
<td align="right">40</td>
</tr>
<tr>
<td>ANET</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$2.6</td>
<td>$2.5</td>
<td>$2.54</td>
<td>$90.00</td>
<td>$36.8K</td>
<td>1.5K</td>
<td align="right">157</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$5.6</td>
<td>$5.4</td>
<td>$5.41</td>
<td>$107.50</td>
<td>$36.7K</td>
<td>1.3K</td>
<td align="right">68</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$10.4</td>
<td>$10.1</td>
<td>$10.4</td>
<td>$95.00</td>
<td>$31.2K</td>
<td>1.6K</td>
<td align="right">30</td>
</tr>
</tbody>
</table>

<h3>About Arista Networks</h3>
Arista Networks 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.
After a thorough review of the options trading surrounding Arista Networks, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Arista Networks</h3>
<ul>
<li>Currently trading with a volume of 2,231,916, the ANET's price is down by -1.34%, now at $94.39. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 69 days.</li>
</ul>
<h3>What The Experts Say On Arista Networks</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $97.8.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; In a positive move, an analyst from Rosenblatt has upgraded their rating to Neutral and adjusted the price target to $85. 
&#x2A; Consistent in their evaluation, an analyst from Rosenblatt keeps a Sell rating on Arista Networks with a target price of $55. 
&#x2A; An analyst from Barclays persists with their Overweight rating on Arista Networks, maintaining a target price of $119. 
&#x2A; An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $130. 
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Arista Networks, targeting a price of $100. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Arista Networks with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) is a &#8220;bridge <a href="https://www.benzinga.com/quote/ACHR/earnings">too far&#8221; for him</a>.
On the earnings front, Archer Aviation, on May 12, reported a first-quarter loss of 17 cents per share, beating analyst estimates for a loss of 28 cents per share, according to Benzinga Pro.
Universal Technical Institute, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTI#NYSE">UTI</a>) can &#8220;continue to go higher because it fits the thesis of what we expect in an era of AI and the need to be on your game in non-AI jobs,&#8221; Cramer said.
Supporting his view, Universal Technical Institute, on May 7, reported better-than-expected second-quarter financial results and raised its FY25 sales guidance above estimates.
When asked about Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>), Cramer recommended going with Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), which is a &#8220;much cheaper&#8221; stock.
Supporting his view, Arista Networks, on May 6, reported a first-quarter sales miss.
Cramer recommended to &#8220;ring the register&#8221; on some Sezzle Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) as it has gotten a &#8220;little too hot.&#8221;
On the earnings front, Sezzle reported better-than-expected first-quarter financial results and raised its FY25 guidance on May 8.
When asked about Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>), he said, &#8220;I was skeptical, but so many companies need to put up rockets, I think it's actually a decent story.&#8221;
Rocket Lab announced on May 14 that it successfully returned its Pioneer spacecraft supporting Varda Space Industries' capsule to Earth.
&#8220;Normally it would be good to have the analytics involving commercial real estate, but right now commercial real estate is not doing well in this country,&#8221; Cramer said when asked about CoStar Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>). &#8220;It does make money, though, but it's not for me.&#8221;
On April 29, CoStar Group reported a first-quarter adjusted EPS miss and issued second-quarter revenue guidance below estimates.
Viper Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) is &#8220;not my cup of tea,&#8221; Cramer said.
Supporting his view, Viper Energy posted weaker-than-expected sales for the first quarter on May 5.
When asked about Fiserv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), he said, &#8220;This was just a disaster, and I've got to know more because I don't like what I'm hearing.&#8221;
As per the recent news, Fiserv, on May 6, named Michael Lyons as CEO.
Price Action:
<ul class="wp-block-list">
<li>Universal Technical Institute shares gained 2.6% to settle at $34.62 on Friday.</li>
<li>Sezzle shares rose 4.1% to close at $93.79 during the session.</li>
<li>CoStar shares gained 1.2% to settle at $76.99.</li>
<li>Arista Networks shares rose 0.4% to close at $96.42.</li>
<li>Fiserv shares rose 4.7% to close at $166.66.</li>
<li>Viper Energy shares gained 0.6% to close at $41.36 on Friday.</li>
<li>Rocket Lab shares rose 1.4% to settle at $25.57.</li>
<li>Archer Aviation shares jumped 9.1% to close at $13.30.</li>
</ul>
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</ul>
Photo: Shutterstock

Tech

ACHR

CSGP

SEZL

VNOM

Jim Cramer Was 'Skeptical' Of Rocket Lab, Now Says 'It's Actually A Decent Story'

Shares of Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) were climbing in early trading on Thursday, after the company Wednesday reported its <a href="https://www.benzinga.com/news/earnings/25/05/45422303/cisco-shares-climb-after-q3-eps-revenue-beat-estimates-details">fiscal third-quarter results</a>.
The announcement came amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
Rosenblatt Securities On Cisco Systems
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/628b6bab3547bd000104dc00/mike-genovese">Analyst Mike Genovese</a> reaffirmed a Buy rating, while raising the price target from $63 to $74.
Cisco Systems reported revenues and earnings of $14.15 billion and 96 cents per share, ahead of estimates, with the outperformance being driven by networking, Genovese said in the note. Gross margins were also better than expected, with a lower-than-expected tariff impact, higher productivity and Splunk margin expansion, he added.
The midpoint of the fourth-quarter revenue guidance came in at $14.60 billion, around $200 million higher than expected, the analyst stated. Cisco Systems is outperforming peer Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) in the AI cycle, as "it has become more responsive to Hyper Scale customer needs," he further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Goldman Sachs On Cisco Systems
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5a1c4e20efacff00015a984c/michael-ng">Analyst Michael Ng</a> maintained a Neutral rating and price target of $63.
Networking and Collaboration revenue came in higher than expected, more than offsetting the miss in Security, Ng said. Cisco Systems recorded webscale AI orders of more than $600 million, accelerating from $350 million in the previous quarter, he added.
Enterprise orders grew by 22%, driven by Splunk, the analyst stated. "Tariff headwinds were more moderate than expected given the pause in reciprocal tariffs and semiconductor &amp; select product exemptions," he further wrote.
CSCO Price Action: Shares of Cisco Systems had risen by 5.74% to $64.81 at the time of publication on Thursday.
Read More: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45262278/under-armour-faces-tough-road-ahead-says-analyst">&nbsp;Cisco Is Targeting A Multi-Billion-Dollar Security Shake-Up—And It Starts With Killing The Firewall</a>
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