Piper Sandler Bullish on Arista Networks (ANET) Amid Company’s Operational Strength

Core Insights - Arista Networks Inc. is identified as a highly profitable large-cap stock, with Piper Sandler raising its price target to $145 from $143 while maintaining a Neutral rating [1] - The company demonstrated operational strength with a quarter-over-quarter increase in product deferred revenue by $625 million [1][2] Financial Performance - For Q3 2025, Arista Networks reported total revenue of $2.3 billion, reflecting a year-over-year increase of 27.5% [3] - The company provided Q4 revenue guidance between $2.3 billion and $2.4 billion, with full-year 2025 revenue growth guidance set at approximately 26% to 27% [3] - For full-year 2026, revenue growth guidance is projected at around 20%, targeting $10.65 billion in revenue [3] Business Operations - Arista Networks specializes in developing, marketing, and selling data-driven, client-to-cloud networking solutions across various environments, including AI, data centers, campuses, and routing [4]