Arista Networks (ANET)

NYSE
Currency in USD
86.94
-0.57(-0.65%)
Closed
Pre Market
86.50-0.44(-0.50%)
ANET Scorecard
Full Analysis
Holds more cash than debt on its balance sheet
Fair Value
Day's Range
86.6688.37
52 wk Range
60.08133.57
Key Statistics
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Prev. Close
87.51
Open
87.51
Day's Range
86.66-88.37
52 wk Range
60.08-133.57
Volume
7.78M
Average Volume (3m)
10.23M
1-Year Change
13.83%
Book Value / Share
7.93
Fair Value
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Fair Value Upside
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ANET Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
116.17
Upside
+33.62%
Members' Sentiments
Bearish
Bullish
ProTips
16 analysts have revised their earnings upwards for the upcoming period
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Arista Networks Company Profile

Arista Networks Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for AI, data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center, cloud and AI networking, cognitive adjacencies, and cognitive network software and services. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, cloud service providers, financial services organizations, government agencies, media and entertainment, healthcare, oil and gas, education, manufacturing, industrial, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks Inc in October 2008. Arista Networks Inc was incorporated in 2004 and is headquartered in Santa Clara, California.

Arista Networks SWOT Analysis


AI Networking Pionee
Explore Arista Networks' strategic positioning in the AI networking market, with projections suggesting potential doubling of AI-related revenues by 2026
Financial Powerhouse
Delve into ANET's robust financial performance, featuring 19.5% revenue growth and impressive margins that consistently surpass market expectations
Customer Diversification
Learn how Arista is reducing reliance on key clients like Meta and Microsoft, while expanding its presence in enterprise and software segments
Growth Trajectory
Analysts project an average price target of $133, with Arista's conservative 17% revenue growth guidance potentially underestimating its true potential
Read full SWOT analysis

Arista Networks Earnings Call Summary for Q2/2024

  • Q2 revenue up 15.9% YoY to $1.69B; non-GAAP EPS at $2.10; services and software support renewals drive growth
  • Non-GAAP gross margin of 65.4% due to cost reductions; Americas contribute 81% of total revenue
  • Launched Etherlink AI platforms; customer satisfaction high with 87 net promoter score
  • FY'24 revenue growth forecast of at least 14%; Q3 revenue projected between $1.72B to $1.75B
  • AI revenue expected to be small percentage this year, with significant growth anticipated next year
Last Updated: 2024-07-31, 11:50 a/m
Read Full Transcript

Compare ANET to Peers and Sector

Metrics to compare
ANET
Peers
Sector
Relationship
P/E Ratio
38.4x−1.2x11.6x
PEG Ratio
1.10−0.030.01
Price/Book
11.0x1.2x2.4x
Price / LTM Sales
15.7x0.8x2.1x
Upside (Analyst Target)
36.8%124.9%27.8%
Fair Value Upside
Unlock12.6%6.9%Unlock

Analyst Ratings

21 Buy
4 Hold
1 Sell
Ratings:
26 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 116.17
(+33.62% Upside)

Earnings

Latest Release
Feb 18, 2025
EPS / Forecast
0.65 / 0.57
Revenue / Forecast
1.93B / 1.90B
EPS Revisions
Last 90 days

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FAQ

What Is the Arista Networks (ANET) Stock Price Today?

The Arista Networks stock price today is 86.94

What Stock Exchange Does Arista Networks Trade On?

Arista Networks is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Arista Networks?

The stock symbol for Arista Networks is "ANET."

What Is the Arista Networks Market Cap?

As of today, Arista Networks market cap is 109.64B.

What is Arista Networks Earnings Per Share?

The Arista Networks EPS is 2.27.

What Is the Next Arista Networks Earnings Date?

Arista Networks will release its next earnings report on May 05, 2025.

From a Technical Analysis Perspective, Is ANET a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Neutral.
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