Arista Networks (NYSE:ANET) experienced an unusually high volume of options trading on Wednesday, drawing significant market attention. Investors aggressively purchased 44,291 call options, marking a substantial 74% increase above the daily average. This surge in bullish options activity occurred despite recent headwinds, including a 2.2% drop in the company's share price. Furthermore, the period saw significant insider selling, with executives like Kenneth Duda and CEO Jayshree Ullal offloading over $27.55 million in shares within the last 90 days. Despite these mixed signals, financial analysts maintain a "Moderate Buy" rating for ANET, setting an average price target of $166. The contrasting investor actions suggest a complex outlook for the networking giant's near-term performance.
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