Arista Networks (NYSE:ANET) Stock, Quote.Headers.trade-ideas

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.

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Nokia Corporation (NYSE: NOK) recently inked an agreement with iSAT Africa for an undisclosed amount to enhance broadband connectivity across rural areas in Liberia.

Nokia to Help Bridge Digital Divide in Liberia: Will the Stock Gain?

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Harmonic, Inc. (NASDAQ: HLIT) recently announced that TOD, a major sports and entertainment platform of beIN MEDIA GROUP, has opted to deploy Harmonic&#39;s cloud-native VOS 360 Media SaaS to enhance the audience experience.

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Autodesk (NASDAQ: ADSK) reported second-quarter fiscal 2025 non-GAAP earnings of $2.15 per share, which beat the Zacks Consensus Estimate by 7.5% and improved 12.6% year over year.

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Arista Networks Inc

<p>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.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 30 extraordinary options activities for Arista Networks. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 33% leaning bullish and 20% bearish. Among these notable options, 3 are puts, totaling $112,700, and 27 are calls, amounting to $1,767,764.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $230.0 and $450.0 for Arista Networks, spanning the last three months.</p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Arista Networks stands at 364.0, with a total volume reaching 1,611.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Arista Networks, situated within the strike price corridor from $230.0 to $450.0, throughout the last 30 days.</p>
<h3>Arista Networks Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726776157_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$17.5</td>
<td>$16.8</td>
<td>$17.5</td>
<td>$375.00</td>
<td>$175.0K</td>
<td style="text-align: right;">213</td>
<td style="text-align: right;">116</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$35.0</td>
<td>$32.7</td>
<td>$35.0</td>
<td>$340.00</td>
<td>$175.0K</td>
<td style="text-align: right;">650</td>
<td style="text-align: right;">109</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$58.7</td>
<td>$57.4</td>
<td>$58.0</td>
<td>$350.00</td>
<td>$174.0K</td>
<td style="text-align: right;">75</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$120.8</td>
<td>$117.4</td>
<td>$118.83</td>
<td>$260.00</td>
<td>$154.4K</td>
<td style="text-align: right;">181</td>
<td style="text-align: right;">15</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$10.5</td>
<td>$10.3</td>
<td>$10.5</td>
<td>$430.00</td>
<td>$105.0K</td>
<td style="text-align: right;">97</td>
<td style="text-align: right;">407</td>
</tr>
</tbody>
</table>
</p>
<h3>About Arista Networks</h3>
<p>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.</p>
<p>Following our analysis of the options activities associated with Arista Networks, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of Arista Networks</h3>
<ul>
<li>With a volume of 1,420,154, the price of ANET is up 5.01% at $379.84. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 39 days.</li>
</ul>
<h3>Professional Analyst Ratings for Arista Networks</h3>
<p>In the last month, 2 experts released ratings on this stock with an average target price of $384.5.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>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;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from UBS has decided to maintain their Neutral rating on Arista Networks, which currently sits at a price target of $369.<br />
&#x2A; Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Arista Networks with a target price of $400. </p>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for Arista Networks, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

Spotlight on Arista Networks: Analyzing the Surge in Options Activity

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Shares of companies within the broader technology sector are trading higher amid overall market strength following Wednesday's Fed rate cut.

<p><strong>Nokia Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nok#NYSE">NOK</a>) recently inked an agreement with iSAT Africa for an undisclosed amount to enhance broadband connectivity across rural areas in Liberia. The three-year deal spanning more than 200 sites in the West African country aims to bridge the digital divide by providing a reliable, affordable and easily accessible network to underserved rural communities.</p>
<h2>How NOK Likely Secured the Deal</h2>
<p>Nokia is well-positioned for the ongoing technology cycle, given the strength of its end-to-end portfolio. Its installed base of high-capacity AirScale products, which enables customers to upgrade to 5G quickly, is growing fast. It is driving the transition of global enterprises into smart virtual networks by creating a single network for all services, converging mobile and fixed broadband, IP routing and optical networks with the software and services to manage them. Leveraging state-of-the-art technology, it is transforming the way people and things communicate and connect.</p>
<p>The company aims to create new business and licensing opportunities in the consumer ecosystem. It facilitates customers to move away from an economy-of-scale network operating model to demand-driven operations by offering easy programmability and flexible automation required to support dynamic operations, reduce complexity and improve efficiency. It seeks to expand its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets.</p>
<h2>What This Collaboration Brings on the Table</h2>
<p>Nokia&#39;s partnership with this integrated communications services provider that specializes in broadcasting &amp; rural connectivity in Africa and the Middle East will seek to drive socio-economic development in the remote areas of Liberia. Per the deal, Nokia will deploy its AirScale radio portfolio along with MantaRay Network Management solutions for effective monitoring and management capabilities to address critical challenges such as limited coverage and the wide digital divide in rural regions.</p>
<h2>Will NOK Stock Benefit?</h2>
<p>Nokia has emerged as one of the leading players in the development of advanced 5G technology and is at the forefront of extending 5G use cases in various industries. It has laid a strong foundation of innovation through substantial infrastructure investments. This has led to the establishment of an impressive portfolio comprising approximately 20,000 patent families, including more than 6,000 patent families that are deemed crucial to 5G technology.</p>
<p>The collaboration with iSAT Africa is likely to propel the stock on incremental revenue generation and inducement of similar deals from other carriers in the future. The agreement is also expected to strengthen Nokia&#39;s position as a leading telecommunications equipment provider in the region.</p>
<p>The stock has gained 16.7% over the past six months compared with the industry&#39;s growth of 12.9%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/92/78441.jpg?v=1839641549" /><br />
Image Source: Zacks Investment Research</p>
<h2>NOK Zacks Rank &amp; Stocks to Consider</h2>
<p>Nokia currently carries a Zacks Rank #3 (Hold).</p>
<p><strong>Arista Networks, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), carrying a Zacks Rank #2 (Buy) at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experiences. Arista has a long-term earnings growth expectation of 17.2% and delivered an earnings surprise of 15%, on average, in the trailing four quarters.</p>
<p>It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products. It is well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.</p>
<p><strong>AudioCodes Ltd.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/audc#NASDAQ">AUDC</a>) currently carries a Zacks Rank #2. It delivered an earnings surprise of 10.1%, on average, in the trailing four quarters.</p>
<p>Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.</p>
<p><strong>Airgain, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/airg#NASDAQ">AIRG</a>) currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 35%.</p>
<p>Headquartered in San Diego, CA, Airgain offers integrated wireless solutions in the form of antenna products. These products are equipped to solve critical connectivity needs in both the design process and the operating environment across the enterprise, automotive and consumer markets. Ideal for original equipment and design manufacturers, vertical markets, chipset vendors, service providers, value-added resellers and software developers worldwide, the customizable antennas from Airgain serve both indoor and outdoor connectivity issues.</p>
<p><a href="https://www.zacks.com/stock/news/2338515/nokia-to-help-bridge-digital-divide-in-liberia-will-the-stock-gain?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2338515">To read this article on Zacks.com click here.</a></p>


<p>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 maintains $400 price target.</p>


Price Target

Evercore ISI Group Maintains Outperform on Arista Networks, Maintains $400 Price Target

<p><strong>Arista Networks's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) short percent of float has fallen 5.88% since its last report. The company recently reported that it has <strong>2.47 million shares sold short</strong>, which is 0.96% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 1.95 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Arista Networks Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726165817_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Arista Networks has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Arista Networks's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Arista Networks's peer group average for short interest as a percentage of float is 7.45%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

Looking Into Arista Networks's Recent Short Interest

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Shares of companies within the broader technology sector are trading higher amid strength in the overall market, which may be gaining amid strength with NVIDIA and other chip stocks. At the ABC 2024 Presidential Debate, Vice President Harris said she wants to invest in American-based technology to win the race on AI and quantum computing.

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Arista Networks</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>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.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 12 uncommon options trades for Arista Networks.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 50% bullish and 41%, bearish.</p>
<p>Out of all of the special options we uncovered, 4 are puts, for a total amount of $189,866, and 8 are calls, for a total amount of $562,341.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $240.0 to $330.0 for Arista Networks over the last 3 months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Arista Networks stands at 126.12, with a total volume reaching 996.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Arista Networks, situated within the strike price corridor from $240.0 to $330.0, throughout the last 30 days.</p>
<h3>Arista Networks Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726072251_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$106.3</td>
<td>$106.1</td>
<td>$106.3</td>
<td>$240.00</td>
<td>$148.8K</td>
<td style="text-align: right;">19</td>
<td style="text-align: right;">14</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$69.1</td>
<td>$68.0</td>
<td>$68.3</td>
<td>$300.00</td>
<td>$109.2K</td>
<td style="text-align: right;">125</td>
<td style="text-align: right;">16</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$30.2</td>
<td>$29.6</td>
<td>$30.0</td>
<td>$330.00</td>
<td>$99.0K</td>
<td style="text-align: right;">286</td>
<td style="text-align: right;">15</td>
</tr>
<tr>
<td>ANET</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$6.9</td>
<td>$6.5</td>
<td>$6.88</td>
<td>$260.00</td>
<td>$79.3K</td>
<td style="text-align: right;">52</td>
<td style="text-align: right;">119</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$6.6</td>
<td>$6.1</td>
<td>$6.6</td>
<td>$325.00</td>
<td>$66.0K</td>
<td style="text-align: right;">114</td>
<td style="text-align: right;">302</td>
</tr>
</tbody>
</table>
</p>
<h3>About Arista Networks</h3>
<p>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.</p>
<p>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.</p>
<h3>Current Position of Arista Networks</h3>
<ul>
<li>Currently trading with a volume of 1,139,461, the ANET's price is down by 0.0%, now at $326.75. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 47 days.</li>
</ul>
<h3>What Analysts Are Saying About Arista Networks</h3>
<p>In the last month, 1 experts released ratings on this stock with an average target price of $369.0.</p>
<ul>
<li>Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Arista Networks with a target price of $369. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Arista Networks options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


A Closer Look at Arista Networks's Options Market Dynamics

<p><strong>Harmonic, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hlit#NASDAQ">HLIT</a>) recently announced that TOD, a major sports and entertainment platform of beIN MEDIA GROUP, has opted to deploy Harmonic&#39;s cloud-native VOS 360 Media SaaS to enhance the audience experience. TOD primarily serves across the MENA region with exclusive rights to premium sporting events such as La Liga, Premier League, UEFA Champions League and 60,000 hours of other content in several languages.</p>
<p>The advanced fully managed video SaaS platform from HLIT provides impressive content quality from source to screen for various use cases such as live TV, streaming and live events. The solution also allows leveraging either single CDN (content delivery network) or multi-CDN delivery to ensure scalable delivery with greater reach. The complexity associated with live sports streaming workflows doesn&#39;t leave any room for error. Low latency and autoscaling capabilities, along with premium video quality and reliability, are needed to deliver a premium sports experience to viewers.</p>
<p>The leading-edge features of VOS360 Media SaaS effectively address these multifaceted requirements. Running on Microsoft Azure cloud, the platform efficiently manages crucial media processing functionalities, such as transcoding, encryption, packaging and origin. In addition to streamlining the entire media processing chain, its real-time scaling and geo-redundancy capabilities ensure seamless delivery of live sports events with exceptional video quality.</p>
<h2>Will This Collaboration Boost HLIT&#39;s Share Performance?</h2>
<p>Whether simplifying OTT video delivery via innovative cloud and software-as-a-service technologies or powering the delivery of gigabit Internet cable services, Harmonic is changing the way media companies and service providers monetize live and VOD content on every screen. The recent venture with beIN MEDIA GROUP underlines the broader market shift toward cloud-based streaming solutions that offer ultra low latency with 4K video quality. This emerging trend in the media &amp; entertainment sector bodes well for Harmonic&#39;s long-term growth.</p>
<h2>HLIT&#39;s Stock Price Performance</h2>
<p>The stock has gained 32.8% over the past year compared with the industry&#39;s growth of 53%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/89/77213.jpg?v=490213352" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Zacks Rank &amp; Other Stocks to Consider</h2>
<p>Harmonic currently sports a Zacks Rank #1 (Strong Buy).</p>
<p><strong>Arista Networks, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) sports a Zacks Rank #1 at present.</p>
<p>In the last reported quarter, it delivered an earnings surprise of 8.25%. It is engaged in providing cloud networking solutions for data centers and cloud computing environments. The company offers 10/25/40/50/100 Gigabit Ethernet switches and routers optimized for next-generation data center networks.</p>
<p><strong>Ubiquiti Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ui#NYSE">UI</a>) carries a Zacks Rank #2 (Buy) at present. The company offers a comprehensive portfolio of networking products and solutions for service providers and enterprises.</p>
<p>Its excellent global business model, which is flexible and adaptable to evolving changes in markets, helps it to beat challenges and maximize growth. The company&#39;s effective management of its strong global network of more than 100 distributors and master resellers improved its UI&#39;s visibility for future demand and inventory management techniques.</p>
<p><strong>Workday Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wday#NASDAQ">WDAY</a>) carries a Zacks Rank of 2 at present. In the last reported quarter, it delivered an earnings surprise of 7.36%.</p>
<p>WDAY is a leading provider of enterprise-level software solutions for financial management and human resource domains. The company&#39;s cloud-based platform combines finance and HR in a single system that makes the process easier for organizations to provide analytical insights and decision support.</p>
<p><a href="https://www.zacks.com/stock/news/2334192/harmonic-elevates-live-sports-streaming-experience-stock-to-gain?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2334192">To read this article on Zacks.com click here.</a></p>


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Shares of companies within the broader tech sector are trading higher amid a rebound. Also, the sector may be moving higher in sympathy with Dell Technologies and Palantir Technologies' inclusion in the S&P 500 index.

<p>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 19.96% on an annualized basis producing an average annual return of 30.44%. Currently, Arista Networks has a market capitalization of $99.43 billion. </p>
<p><strong>Buying $1000 In ANET:</strong> If an investor had bought $1000 of ANET stock 10 years ago, it would be worth <strong>$14,254.20</strong> today based on a price of $316.50 for ANET at the time of writing.</p>
<h3>Arista Networks's Performance Over Last 10 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725636610_0.png" alt="comp_fig" /></p>
<p>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.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


$1000 Invested In Arista Networks 10 Years Ago Would Be Worth This Much Today

<p>Financial giants have made a conspicuous bullish move on Arista Networks. Our analysis of options history for Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) revealed 9 unusual trades.</p>
<p>Delving into the details, we found 22% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $131,430, and 6 were calls, valued at $650,160.</p>
<h3>Projected Price Targets</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $300.0 to $370.0 for Arista Networks over the recent three months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>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 $300.0 to $370.0, over the past month.</p>
<h3>Arista Networks 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725476446_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/06/24</td>
<td>$27.3</td>
<td>$25.6</td>
<td>$26.8</td>
<td>$300.00</td>
<td>$198.3K</td>
<td style="text-align: right;">300</td>
<td style="text-align: right;">74</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$60.4</td>
<td>$57.2</td>
<td>$59.7</td>
<td>$320.00</td>
<td>$119.4K</td>
<td style="text-align: right;">396</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/06/24</td>
<td>$28.3</td>
<td>$26.1</td>
<td>$27.2</td>
<td>$300.00</td>
<td>$111.5K</td>
<td style="text-align: right;">300</td>
<td style="text-align: right;">224</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$68.5</td>
<td>$65.3</td>
<td>$67.2</td>
<td>$300.00</td>
<td>$107.5K</td>
<td style="text-align: right;">108</td>
<td style="text-align: right;">16</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$28.1</td>
<td>$25.6</td>
<td>$27.0</td>
<td>$300.00</td>
<td>$72.9K</td>
<td style="text-align: right;">300</td>
<td style="text-align: right;">113</td>
</tr>
</tbody>
</table>
</p>
<h3>About Arista Networks</h3>
<p>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.</p>
<p>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.</p>
<h3>Arista Networks's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 851,143, the ANET's price is down by -0.13%, now at $326.28. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 54 days.</li>
</ul>
<h3>What Analysts Are Saying About Arista Networks</h3>
<p>Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $369.0.</p>
<ul>
<li>Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Arista Networks, targeting a price of $369. </li>
</ul>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for Arista Networks, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Looking At Arista Networks's Recent Unusual Options Activity

<p>UBS  analyst David Vogt   maintains Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) with a Neutral and raises the price target from $285 to $369.</p>


UBS Maintains Neutral on Arista Networks, Raises Price Target to $369

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Core Scientific, Inc. - Class A Common Stock

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Shares of companies within the broader tech sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

<p><strong>Autodesk </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adsk#NASDAQ">ADSK</a>) reported second-quarter fiscal 2025 non-GAAP earnings of $2.15 per share, which beat the Zacks Consensus Estimate by 7.5% and improved 12.6% year over year.</p>
<p>The company reported revenues of $1.5 billion, which beat the consensus mark by 1.54%. The figure grew 11.9% year over year. The company generated broad-based growth across products and regions in AEC and manufacturing, which was partly offset by softness in media and entertainment, primarily due to the lingering effects of the Hollywood strike.</p>
<div class="chart_embed">
<h2>Autodesk, Inc. Price, Consensus and EPS Surprise</h2>
<p><img alt="Autodesk, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/e0/1725018942.png" style="height:310px; width:620px" title="" /></p>
<p>Autodesk, Inc. price-consensus-eps-surprise-chart | Autodesk, Inc. Quote</p>
</div>
<h2>Top-Line Details of ADSK</h2>
<p>Autodesk&#39;s subscription revenues (93.6% of total revenues) increased 10.9% year over year to $1.4 billion. Maintenance revenues (0.7% of total revenues) declined 21.4% from the year-ago quarter to $11 million. Other revenues (5.7% of total revenues) increased 41% to $86 million in the reported quarter.</p>
<p>Recurring revenues contributed 97% to Autodesk&#39;s second-quarter fiscal 2025 revenues. The net revenue retention rate was within the company&#39;s 100-110% targeted range, on a constant currency basis.</p>
<p>Region-wise, revenues from the Americas (44% of revenues) increased 12.4% from the year-ago quarter&#39;s levels to $662 million. Revenues from the EMEA, which accounted for 37.9% of revenues, climbed 12.6% to $570 million. Revenues from the Asia-Pacific (18.1% of revenues) increased 9.2% to $273 million.</p>
<p>Billings of $1.24 billion increased 13% year over year in the reported quarter.</p>
<h2>Product Top-Line Details</h2>
<p>Autodesk offers primarily four product families &mdash; Architecture, Engineering and Construction, AutoCAD and AutoCAD LT, Manufacturing and Media and Entertainment (M&amp;E).</p>
<p>AEC (47.4% of revenues) revenues increased 13.7% year over year to $713 million. AutoCAD and AutoCAD LT (25.8% of revenues) revenues rose 6.9% to $389 million. MFG (19.7% of revenues) revenues increased 15.6% to $296 million. M&amp;E (5.1% of revenues) revenues increased 4.1% to $77 million.</p>
<h2>Operating Results</h2>
<p>Autodesk reported a non-GAAP operating income of $560 million, up 14.5% year over year.</p>
<p>The non-GAAP operating margin was 37%, up 1 percentage point.</p>
<h2>Balance Sheet &amp; Cash Flow</h2>
<p>As of July 31, 2024, Autodesk had cash and cash equivalents (including marketable securities) of $1.87 billion compared with $1.99 billion as of April 30, 2024.</p>
<p>Deferred revenues decreased 13% to $3.69 billion. Unbilled deferred revenues were $2.17 billion, representing an increase of $1.18 billion compared with the year-ago quarter. Remaining performance obligations (RPO) increased 12% to $5.86 billion. Current RPO increased 11% to $3.9 billion.</p>
<p>Cash flow from operating activities was $212 million, representing an increase of $77 million compared with the year-ago quarter. Free cash flow was $203 million, reflecting an increase of $75 million compared with the second quarter of fiscal 2024.</p>
<h2>Fiscal 2025 Guidance</h2>
<p>Autodesk projects fiscal 2025 revenues between $6.08 billion and $6.13 billion, indicating approximately 11% growth. Billings are estimated in the $5.88-$5.98 billion band, suggesting an increase of 13-15% year over year.</p>
<p>Non-GAAP earnings per share are expected between $8.18 and $8.31. ADSK expects a non-GAAP operating margin between 35% and 36% year over year.</p>
<p>Free cash flow is anticipated in the $1.45-$1.5 billion band.</p>
<p>For the third quarter of fiscal 2025, Autodesk expects revenues between $1.555 billion and $1.57 billion. Non-GAAP earnings are anticipated in the range of $2.08-$2.14 per share.</p>
<h2>Zacks Rank &amp; Key Picks</h2>
<p>Autodesk carries a Zacks Rank #3 (Hold) at present. Shares of ADSK have returned 6.1% year to date.</p>
<p>Some better-ranked stocks from the broader Computer and Technology sector are <strong>Arista Networks </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), <strong>Badger Meter </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bmi#NYSE">BMI</a>) and <strong>Audioeye </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aeye#NASDAQ">AEYE</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.</p>
<p>Arista Networks&#39; shares have rallied 46.8% in the year-to-date period. The long-term earnings growth rate for ANET is anticipated to be 17.2%.</p>
<p>Badger Meter&#39;s shares have gained 32.5% in the year-to-date period. The long-term earnings growth rate for BMI is projected at 17.91%.</p>
<p>Shares of Audioeye have surged 342.6% in the year-to-date period. The long-term earnings growth rate for AEYE is expected to be 25%.</p>
<p><a href="https://www.zacks.com/stock/news/2329679/autodesk-q2-earnings-and-sales-surpass-estimates-improve-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2329679">To read this article on Zacks.com click here.</a></p>


<p>Leveraging data collected from about 5.6 million homes listed for rent between June 2023 and May 2024, <strong>Zillow Group, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zg#NASDAQ">ZG</a>) has come up with key insights for rental upgrades that are taken by Millennials and Gen Z adults. These affordable, non-permanent upgrades allow renters to add a personal touch to the rented space to make it feel like their own and add value for their landlord.</p>
<h2>ZG Findings: A Win-Win for Renters &amp; Landlords</h2>
<p>Temporary home improvements offer a win-win scenario for both renters and landlords. Projects such as updating cabinet hardware, adding open shelving or incorporating smart lighting are cost-effective and often yield significant returns in terms of increased views, saves and shares on Zillow Rentals. For landlords, these improvements can make a rental property more attractive to potential tenants, while renters benefit from a more personalized living space.</p>
<p>Zillow&#39;s research highlights several renter-friendly improvements that are effective in boosting the visibility of rental listings. For instance, rental listings with open shelving receive 36% more saves per day than those without, and smart lighting can increase daily saves by 22% and daily shares by 35%. These statistics underscore the value of small but impactful changes that renters can make to enhance their living environment.</p>
<p>The financial accessibility of these upgrades further supports their popularity among renters. Many of these projects, such as swapping out cabinet hardware or hanging mirrors, cost less than $1,000, suggesting that these enhancements are both affordable and manageable for most renters.</p>
<h2>How ZG Aims to Benefit From the Research Study?</h2>
<p>Zillow&#39;s platform benefits directly from these trends. As renters increasingly seek out properties that allow for personalization, listings that highlight renter-friendly features are likely to see increased engagement. This, in turn, drives more traffic to Zillow&#39;s site, improving its visibility and appeal to both renters and landlords. In addition, by providing data-driven insights into which home features boost rental listing performance, Zillow positions itself as a valuable resource for renters looking to enhance their living spaces.</p>
<p>These insights also help fine-tune Zillow&#39;s marketing strategies, helping it tailor its offerings to meet the evolving needs of renters. As more renters prioritize the ability to make temporary improvements, Zillow can promote listings that highlight these features, further solidifying its position as a leader in the rental market.</p>
<h2>ZG Zacks Rank &amp; Other Stocks to Consider</h2>
<p>Zillow currently carries a Zacks Rank #2 (Buy).</p>
<p><strong>Arista Networks, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), sporting a Zacks Rank #1 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experiences. Arista has a long-term earnings growth expectation of 17.2% and delivered an earnings surprise of 15%, on average, in the trailing four quarters.</p>
<p>It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products. It is well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.</p>
<p><strong>AudioCodes Ltd.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/audc#NASDAQ">AUDC</a>) currently carries a Zacks Rank #2. It delivered an earnings surprise of 10.1%, on average, in the trailing four quarters.</p>
<p>Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.</p>
<p><strong>Airgain, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/airg#NASDAQ">AIRG</a>) currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 35%.</p>
<p>Headquartered in San Diego, CA, Airgain offers integrated wireless solutions in the form of antenna products. These products are equipped to solve critical connectivity needs in both the design process and the operating environment across the enterprise, automotive and consumer markets. Ideal for original equipment and design manufacturers, vertical markets, chipset vendors, service providers, value-added resellers and software developers worldwide, the customizable antennas from Airgain serve both indoor and outdoor connectivity issues.</p>
<p><a href="https://www.zacks.com/stock/news/2328916/zillow-data-offers-rental-upgrade-insights-beneficial-for-zg-stock?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2328916">To read this article on Zacks.com click here.</a></p>


Real Estate

Zillow Data Offers Rental Upgrade Insights: Beneficial for ZG Stock?

<p><strong>Sony Group Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>) recently announced a 19% price increase for its PlayStation 5 (PS5) console in Japan, highlighting a challenging external environment (including fluctuations in the global economy) as the primary reason. Beginning Sept 2., 2024, the PS5 will cost &yen;79,980 for the standard edition and &yen;72,980 for the digital edition.</p>
<p>PS5 was initially launched in November 2020. The price hike comes when the PS5 is expected to be succeeded by a revamped version shortly.</p>
<p>The company also hiked prices for its accessories, including the DualSense wireless controller and Pulse Elite wireless headset, with the changes set to take effect from Sept. 2, 2024.</p>
<p>After the announcement, Sony&#39;s stock gained 3.5% on Aug. 27 and closed trading at $96.07, underscoring positive market reception to the price hike.</p>
<div class="chart_embed">
<h3>Sony Corporation Price and Consensus</h3>
<h2><img alt="Sony Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/68/1724850947.png" style="height:265px; width:574px" title="" /></h2>
<p>Sony Corporation price-consensus-chart | Sony Corporation Quote</p>
</div>
<h2>SONY Stock Up 14% Since Earnings</h2>
<p>SONY&#39;s stock has gained 13.6% since it announced better-than-expected first-quarter fiscal 2024 results on Aug. 7.</p>
<p>Its revenues rose 2% year over year to &yen;3,011.6 billion while net income per share (on a GAAP basis) of &yen;189.43 ($1.22) per share increased from &yen;175.67 reported in the year-ago quarter. Improved performance of the Game &amp; Network Services (G&amp;NS) segment, which is the largest contributor to its sales, was the primary growth driver.</p>
<p>G&amp;NS sales jumped 12% year over year to &yen;864.9 billion, owing to higher sales from network services, notably PlayStation Plus, and rising sales of non-first-party titles along with favorable forex impacts.</p>
<p>In June 2024, active user accounts of PlayStation were a record 116 million. The company plans to boost the G&amp;NS segment by expanding the stable installed base of PlayStation consoles, enhancing gaming experiences and growing its business by expanding into PCs and improving the first-party software titles. Sony has updated its outlook for the G&amp;NS segment. It now expects sales to be &yen;4,320 billion, up from the prior view of &yen;4,200 billion, owing to the positive impacts of forex rates.</p>
<p>Shares of SONY have gained 17.1% compared with the sub-industry&#39;s growth of 13% in the past year.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/11/75727.jpg?v=651770947" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>SONY&#39;s Zacks Rank</h2>
<p>At present, SONY carries a Zacks Rank #3 (Hold).</p>
<h2>Stocks to Consider</h2>
<p>Some better-ranked stocks from the broader technology space are <strong>Arista Networks, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), <strong>Harmonic Inc</strong>. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hlit#NASDAQ">HLIT</a>) and <strong>Ubiquiti Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ui#NYSE">UI</a>). ANET and HLIT presently sport a Zacks Rank #1 (Strong Buy) each, whereas UI carries a Zacks Rank #2 (Buy).</p>
<p>Arista Networks supplies products to a prestigious set of customers, including Fortune 500 global companies in markets like cloud titans, enterprises, financials and specialty cloud service providers. It delivered a trailing four-quarter average earnings surprise of 15.02%. In the last reported quarter, Arista delivered an earnings surprise of 8.25%.</p>
<p>Harmonic enables media companies and service providers to deliver ultra-high-quality broadcast and OTT video services to consumers globally. HLIT delivered a trailing four-quarter average earnings surprise of 32.5%.</p>
<p>Ubiquiti company offers a comprehensive portfolio of networking products and solutions for service providers and enterprises. The company&#39;s effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques.</p>
<p><a href="https://www.zacks.com/stock/news/2328323/sony-raises-playstation-5-price-in-japan-by-19-stock-up-3-5?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2328323">To read this article on Zacks.com click here.</a></p>


Gaming

Sony Group Corporation American Depositary Shares

SONY

SONY Raises PlayStation 5 Price in Japan by 19%, Stock Up 3.5%

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>Arista Networks</strong>.</p>
<p>Looking at options history for Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) we detected 8 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 12% of the investors opened trades with bullish expectations and 62% with bearish.</p>
<p>From the overall spotted trades, 2 are puts, for a total amount of $137,605 and 6, calls, for a total amount of $371,563.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $175.0 and $340.0 for Arista Networks, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Arista Networks's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Arista Networks's whale activity within a strike price range from $175.0 to $340.0 in the last 30 days. </p>
<h3>Arista Networks Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1724860849_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$66.5</td>
<td>$64.7</td>
<td>$66.5</td>
<td>$280.00</td>
<td>$199.5K</td>
<td style="text-align: right;">438</td>
<td style="text-align: right;">30</td>
</tr>
<tr>
<td>ANET</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$4.5</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$290.00</td>
<td>$108.8K</td>
<td style="text-align: right;">212</td>
<td style="text-align: right;">321</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$176.4</td>
<td>$172.5</td>
<td>$172.5</td>
<td>$175.00</td>
<td>$51.7K</td>
<td style="text-align: right;">202</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$174.4</td>
<td>$171.2</td>
<td>$171.2</td>
<td>$175.00</td>
<td>$34.2K</td>
<td style="text-align: right;">202</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$26.4</td>
<td>$24.0</td>
<td>$25.01</td>
<td>$325.00</td>
<td>$32.5K</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">43</td>
</tr>
</tbody>
</table>
</p>
<h3>About Arista Networks</h3>
<p>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.</p>
<h3>Arista Networks's Current Market Status</h3>
<ul>
<li>With a volume of 350,020, the price of ANET is down -1.75% at $339.57. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 61 days.</li>
</ul>
<h3>Professional Analyst Ratings for Arista Networks</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $340.2.</p>
<ul>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on Arista Networks, which currently sits at a price target of $340. </li>
<li>Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Arista Networks, targeting a price of $380. </li>
<li>An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $375. </li>
<li>An analyst from Barclays has decided to maintain their Overweight rating on Arista Networks, which currently sits at a price target of $341. </li>
<li>An analyst from Rosenblatt has decided to maintain their Sell rating on Arista Networks, which currently sits at a price target of $265. </li>
</ul>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for Arista Networks, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Arista Networks's Options: A Look at What the Big Money is Thinking

<p><strong>Ericsson</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eric#NASDAQ">ERIC</a>) has announced that it had successfully deployed its state-of-the-art IP Multimedia Subsystem (&quot;IMS&quot;) on the Red Hat OpenStack Platform for<strong> Spark New Zealand Limited</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/spkky#OTC">SPKKY</a>). This significant upgrade aims to enhance the IMS infrastructure, thereby enhancing network resiliency and improving mobile voice and video calling services for Spark New Zealand&#39;s customers nationwide.</p>
<p>The IMS integration, which went live at Spark New Zealand&#39;s Network Data Centre in South Island, marks the first fully operational deployment of this kind in the country using the Red Hat OpenStack Platform. This transition from multiple custom solutions to a unified, cost-effective system is expected to reduce operational costs while offering a robust and scalable solution. It is likely to improve efficiency by reducing latency, ensuring a better user experience with minimal connectivity delays and delivering a seamless and efficient network experience.</p>
<p>This deployment in the South Island is a testament to Ericsson&#39;s long-standing partnership with Spark New Zealand and the former&#39;s shared commitment to innovation and excellence. Since 2015, Spark New Zealand has utilized Ericsson&#39;s IMS solutions to support its communication services. The introduction of this new IMS node in the South Island represents a key expansion of this infrastructure, complementing existing nodes in Spark New Zealand&#39;s two North Island Network Data Centres.</p>
<p>Furthermore, by the year-end, Spark New Zealand plans to migrate its current IMS nodes to the new Red Hat OpenStack Platform. This move is expected to unify the network, ensuring a single node manages the full traffic load for the entire country, thereby providing uninterrupted service even in the event of node failures.</p>
<p>The successful integration of Ericsson&#39;s IMS with Red Hat&#39;s open-source platform marks a significant milestone in improving network resiliency and service quality. This strategic enhancement not only optimizes performance but also fortifies the network against potential disruptions, paving the way for more reliable and efficient services for Spark New Zealand&#39;s customers across New Zealand. These advancements are set to play a crucial role in shaping the future of mobile connectivity and network infrastructure significantly.</p>
<h2>Price Performance</h2>
<p>Shares of Ericsson have gained 46% over the past year against the industry&#39;s decline of 50.5%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/76/75205.jpg?v=1079448991" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Zacks Rank and Key Picks</h2>
<p>Ericsson currently carries a Zacks Rank #3 (Hold).</p>
<p>A couple of better-ranked stocks in the broader industry have been discussed below.</p>
<p><strong>Arista Networks, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), sporting a Zacks Rank of 1 (Strong Buy), supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service providers.</p>
<p>It delivered a trailing four-quarter average earnings surprise of 15.02%. In the last reported quarter, Arista delivered an earnings surprise of 8.25%.</p>
<p><strong>Harmonic Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hlit#NASDAQ">HLIT</a>) enables media companies and service providers to deliver ultra-high-quality broadcast and OTT video services to consumers globally. It delivered a trailing four-quarter average earnings surprise of 32.5%. It currently sports a Zacks Rank of 1.</p>
<p><a href="https://www.zacks.com/stock/news/2326389/ericsson-eric-boosts-new-zealand-s-network-with-advanced-ims?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2326389">To read this article on Zacks.com click here.</a></p>


Mid Cap

ERIC

SPKKY

Ericsson Boosts New Zealand's Network With Advanced IMS

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Arista Networks</strong>.</p>
<p>Looking at options history for Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) we detected 28 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 35% with bearish.</p>
<p>From the overall spotted trades, 10 are puts, for a total amount of $468,005 and 18, calls, for a total amount of $881,727.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $270.0 to $400.0 for Arista Networks over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for Arista Networks options trades today is 292.45 with a total volume of 2,597.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Arista Networks's big money trades within a strike price range of $270.0 to $400.0 over the last 30 days.</p>
<h3>Arista Networks Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1724435289_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$65.2</td>
<td>$64.6</td>
<td>$64.6</td>
<td>$350.00</td>
<td>$232.5K</td>
<td style="text-align: right;">222</td>
<td style="text-align: right;">117</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$64.5</td>
<td>$62.9</td>
<td>$64.3</td>
<td>$350.00</td>
<td>$135.2K</td>
<td style="text-align: right;">222</td>
<td style="text-align: right;">219</td>
</tr>
<tr>
<td>ANET</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$8.7</td>
<td>$7.9</td>
<td>$7.9</td>
<td>$340.00</td>
<td>$96.6K</td>
<td style="text-align: right;">377</td>
<td style="text-align: right;">122</td>
</tr>
<tr>
<td>ANET</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$10.3</td>
<td>$6.1</td>
<td>$6.1</td>
<td>$352.50</td>
<td>$61.0K</td>
<td style="text-align: right;">61</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$56.8</td>
<td>$55.3</td>
<td>$55.75</td>
<td>$340.00</td>
<td>$55.7K</td>
<td style="text-align: right;">30</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Arista Networks</h3>
<p>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.</p>
<p>Following our analysis of the options activities associated with Arista Networks, we pivot to a closer look at the company's own performance.</p>
<h3>Present Market Standing of Arista Networks</h3>
<ul>
<li>Currently trading with a volume of 490,966, the ANET's price is up by 0.58%, now at $354.21. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 66 days.</li>
</ul>
<h3>What The Experts Say On Arista Networks</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $340.2.</p>
<ul>
<li>An analyst from Needham downgraded its action to Buy with a price target of $375. </li>
<li>Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Arista Networks, targeting a price of $341. </li>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on Arista Networks, which currently sits at a price target of $340. </li>
<li>Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Arista Networks with a target price of $380. </li>
<li>Consistent in their evaluation, an analyst from Rosenblatt keeps a Sell rating on Arista Networks with a target price of $265. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Arista Networks options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


<p><strong>Arista Networks's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) short percent of float has fallen 22.12% since its last report. The company recently reported that it has <strong>2.09 million shares sold short</strong>, which is 0.81% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 1.0 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Arista Networks Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1724338813_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Arista Networks has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Arista Networks's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Arista Networks's peer group average for short interest as a percentage of float is 8.12%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


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Arista Networks (ANET) Forecast

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