Arista Networks (ANET) Plunges 4.52% Amid Bearish Options Activity

On April 3, 2025, Arista Networks experienced a 4.52% drop in pre-market trading, reflecting a significant shift in investor sentiment towards the networking equipment provider.

Recent options activity has shown a mixed sentiment among large investors, with a notable bearish stance. This is evident from the significant options trades detected, indicating that major market players are focusing on a price band between $60.0 and $107.5 for Arista Networks over the past three months. The options activity suggests a range of potential price movements, with some investors targeting a price range from $38.75 to $135.0.

Arista Networks, known for its Ethernet switches and software for data centers, has been steadily gaining market share since its founding in 2004. The company's marquee product, the extensible operating system (EOS), runs a single image across all its devices. Major customers include Microsoft and Meta Platforms, with roughly three-quarters of its sales coming from North America.

Analysts have recently issued ratings for Arista Networks, with a consensus target price of $115.0. This positive outlook is supported by an upgrade from UBS, which adjusted its rating to Buy with a price target of $115.0. The company's next earnings report is scheduled for 35 days from now, which could provide further insights into its financial performance and market outlook.