Arista Networks, US0404132054

TD Cowen cuts target to USD 205 for Arista Networks stock

Published on 10/20/2026 at 11:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 3.04 billion on June 30, 2026. Arista Networks stock costs EUR 161.13 on October 20, 2026.

Target cut and reporting date

TD Cowen reduced its target from USD 250.00 to USD 205.00 on October 19, 2026.
Second-quarter revenue reached USD 3.04 billion, up 37.70 percent year over year.
Arista Networks stock trades at EUR 161.13 at 11:32 a.m. CEST at Lang & Schwarz on October 20, 2026.
Arista Networks will publish third-quarter results on November 3, 2026.

Rechenzentrum mit blauen LED-Switches und strukturiertem Kabelmanagement — Arista Networks Inc. betreibt hochmoderne Rechenzentren mit leistungsstarken Netzwerk-Switches und ISIN US0404131064, Illustration mit AI erstellt.

Arista Networks (ISIN US0404132054) faces a lower valuation benchmark after TD Cowen cut its price target from USD 250.00 to USD 205.00 on October 19, 2026, as reported by MarketScreener. The 18.00 percent reduction raises the bar for the company's third-quarter report.

Target cut meets strong growth

Arista's second-quarter revenue reached USD 3.04 billion for the period ended June 30, 2026, up 37.70 percent from the same period a year earlier. Diluted earnings per share were USD 0.95, according to Yahoo Finance.

Management guided to third-quarter revenue of approximately USD 3.3 billion and non-GAAP operating margin of 48.00 percent to 49.00 percent. The combination points to continued expansion, but the margin range is below the 49.90 percent reported for the second quarter in the same earnings discussion.

What does the lower target signal?

The target reduction from USD 250.00 to USD 205.00 is an 18.00 percent cut, while the new level remains USD 43.87 above the US closing price of USD 161.13 only when currencies are not mixed, so no euro-to-dollar distance is stated here. The more useful test is operational: Arista must show that its USD 3.3 billion third-quarter revenue guide can support its profitability range.

Three dates mark the shift

On August 4, 2026, Arista reported second-quarter revenue of USD 3.04 billion and diluted earnings per share of USD 0.95, according to MarketBeat. On September 30, 2026, Bernstein initiated coverage with an Outperform rating and a USD 250.00 target, according to MarketScreener. On October 19, 2026, TD Cowen cut its target to USD 205.00 from USD 250.00, as reported by MarketScreener.

When are results due?

Arista will release results for the quarter ended September 30, 2026, after US markets close on November 3, 2026, according to the company's Arista Networks.

Stock trades before the report

Arista Networks was trading at EUR 161.13 at Lang & Schwarz on October 20, 2026, at 11:32 a.m. CEST. The quote is in the trading phase under the Xetra session model, while the next material company date is November 3, 2026. The further course of trading is shown by the continuously updated real-time quote of Arista Networks stock.