Arista Networks Unusual Options Activity - Arista Networks (NYSE:ANET)

Core Insights - Investors with significant capital have adopted a bearish outlook on Arista Networks, as indicated by unusual options trading activity [1][2] - The sentiment among large traders is predominantly bearish, with 57% of trades being puts and only 33% being calls [2] - The projected price targets for Arista Networks range from $75.0 to $210.0 based on recent options activity [3] Options Activity - A total of 42 uncommon options trades were identified for Arista Networks, with puts amounting to $2,847,057 and calls totaling $2,066,502 [1][2] - The average open interest for Arista Networks options is 1,563.15, with total volume reaching 13,238.00 in the last 30 days [4] - Notable options trades include significant bearish puts with values such as $640.0K and $590.0K [9] Company Overview - Arista Networks specializes in networking equipment, particularly Ethernet switches and software for data centers, with a focus on high-speed applications [10] - The company has gained market share since its inception in 2004 and counts major clients like Microsoft and Meta Platforms, deriving approximately 75% of its sales from North America [10] Market Ratings - Recent evaluations from market experts indicate a consensus target price of $159.75 for Arista Networks [12] - Analysts have varied ratings, with one maintaining a Neutral rating at a target price of $140, while others have Overweight ratings with targets of $171 and $183 [13]