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NYSE:ANET

Arista Networks (ANET) Stock Price, News & Analysis

$306.55
+5.13 (+1.70%)
(As of 05/24/2024 07:00 PM ET)
Today's Range
$301.41
$308.75
50-Day Range
$245.53
$326.09
52-Week Range
$148.32
$329.04
Volume
2.14 million shs
Average Volume
2.55 million shs
Market Capitalization
$96.06 billion
P/E Ratio
42.69
Dividend Yield
N/A
Price Target
$295.22

Arista Networks MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.76 Rating Score
Upside/​Downside
3.7% Downside
$295.22 Price Target
Short Interest
Healthy
0.81% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.28
Upright™ Environmental Score
News Sentiment
0.58mentions of Arista Networks in the last 14 days
Based on 48 Articles This Week
Insider Trading
Selling Shares
$121.58 M Sold Last Quarter
Proj. Earnings Growth
12.48%
From $7.05 to $7.93 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.49 out of 5 stars

Computer And Technology Sector

100th out of 595 stocks

Computer & Office Equipment Industry

2nd out of 13 stocks

ANET stock logo

About Arista Networks Stock (NYSE:ANET)

Arista Networks, Inc. is a leading provider of cloud networking solutions and software-driven platforms. With a mission to redefine networking infrastructure for the digital age, Arista Networks offers a comprehensive portfolio of products and services that enable data centers and enterprise networks to operate at scale with superior performance, agility, and reliability.

Headquartered in Santa Clara, California, Arista Networks serves a wide range of customers, including global internet companies, service providers, financial services firms, and large enterprises. The company's innovative solutions address the growing demand for high-speed, cloud-native networking solutions in an era driven by data-intensive applications, virtualization, and the increasing adoption of cloud computing.

Arista Networks' flagship product, the Arista EOS® (Extensible Operating System), is a state-of-the-art software platform that provides a consistent and programmable network architecture. The platform empowers customers to automate and scale their networks, enhancing operational efficiency and reducing capital expenditures. Additionally, Arista Networks offers a range of switches, routers, and software applications that complement the Arista EOS, providing customers with end-to-end network solutions.

Key achievements of Arista Networks include being recognized by industry leaders and analysts for its outstanding performance and innovative products. The company has received numerous awards, including the "Leader" designation in the Gartner Magic Quadrant for Data Center and Cloud Networking and recognition as a Forbes Cloud 100 company.

Arista Networks boasts a highly experienced and talented management team, driving the company's success and growth. The team comprises individuals with diverse backgrounds and expertise, led by Chief Executive Officer Jayshree Ullal, who has over 30 years of experience in the technology industry.

Jayshree Ullal has been instrumental in shaping Arista Networks' strategic vision and driving its expansion into new markets. Under her leadership, the company has achieved remarkable milestones, including exponential revenue growth and successful market penetration.

Arista Networks has demonstrated impressive financial performance over the past few years. In its most recent fiscal year, the company reported that total revenue increased by approximately 20%. The company's profit margins have remained consistently strong, with a gross margin of around 60% and an operating margin of roughly 25%.

Arista Networks' financial success can be attributed to its ability to deliver innovative and reliable networking solutions, strong customer base, and expanding market reach. The company has managed its debt levels prudently, maintaining a healthy balance sheet and financial flexibility. 

Arista Networks' valuation metrics reflect its position as a market leader in the cloud networking industry. The company's price-to-earnings ratio is lower than industry peers suggesting that the stock is currently trading at a relatively attractive valuation. This favorable valuation is driven by Arista Networks' robust financial performance, consistent growth, and positive market sentiment.

In recent months, Arista Networks' stock has exhibited strong performance, reflecting investors' confidence in the company's growth prospects. The stock has experienced significant price movements, with an upward trend driven by positive earnings surprises and strong demand for its products.

Arista Networks operates in the highly competitive and rapidly evolving cloud networking industry. The proliferation of data-intensive applications has driven the demand for cloud-native networking solutions, the rise of virtualization, and the need for scalable and agile network infrastructure. As a result, the industry has witnessed significant technological advancements and intense competition.

Arista Networks faces competition from both established players and emerging startups in the networking industry. Competitors include industry giants such as Cisco Systems and Juniper Networks and other networking companies that offer cloud-centric solutions. The industry is characterized by rapid innovation, and companies must continuously invest in research and development to stay ahead.

One advantage distinguishing Arista Networks from its competitors is its focus on software-driven networking solutions. With its open architecture and programmability, the company's Arista EOS platform provides customers with flexibility, scalability, and automation capabilities. This unique approach has gained Arista Networks a loyal customer base and has positioned the company as a leader in cloud networking.

Regulatory and political factors also play a role in the industry. Governments worldwide are increasingly focused on data privacy and security, which can impact the design and implementation of networking solutions. With its commitment to data integrity and security, Arista Networks is well-positioned to address these concerns and comply with evolving regulations.

Arista Networks has several growth opportunities that can drive its future success. One key opportunity is transitioning to 400 gigabit Ethernet (GbE) networking solutions. As the demand for faster and more scalable networks increases, Arista Networks is well-positioned to capture market share with its high-performance switches and routers.

The company has expanded its product portfolio to cater to emerging edge computing and artificial intelligence trends. By offering solutions tailored to these growing areas, Arista Networks can tap into new markets and diversify its revenue streams.

While Arista Networks has demonstrated impressive growth, the company faces risks and challenges inherent in the dynamic technology industry. One challenge is the potential for emerging disruptive technologies, which could reshape the industry landscape. Arista Networks must continue to innovate and adapt to evolving customer needs to stay ahead of the competition.

Additionally, geopolitical factors and trade tensions can impact the global supply chain and create uncertainties for technology companies. With its global customer base and supply chain, Arista Networks needs to monitor and manage these risks effectively.

Another risk is the intense competition in the cloud networking space. Competitors may introduce new products or technologies that could erode Arista Networks' market share. The company must invest in research and development, focus strongly on customer needs and continue delivering innovative solutions to stay competitive.

ANET Stock Price History

ANET Stock News Headlines

Arista Networks Advances the Era of AI and Microperimeters
Arista Networks Inc. NYSE: ANET is a leading networking company that provides hardware and software-defined networking solutions to data centers and enterprises. Arista has benefited from enterprise spending on artificial intelligence (AI) infrastructure.
Arista Networks Advances the Era of AI and Microperimeters
Arista Networks is outperforming other networking companies due to its early adoption of microsegmentation and microperimeters in data center environments
The 2030 Millionaire's Club: 3 AI Stocks to Buy Now
Arista Networks (NYSE:ANET) Trading 1.5% Higher
Arista Networks (NYSE:ANET) Shares Gap Down on Insider Selling
An Insider At Arista Networks Lowered Their Holding Recently
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
5/26/2024
Next Earnings (Estimated)
7/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer & office equipment
Sub-Industry
N/A
Employees
4,023
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$295.22
High Stock Price Target
$356.00
Low Stock Price Target
$210.00
Potential Upside/Downside
-3.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
21 Analysts

Profitability

Net Income
$2.09 billion
Pretax Margin
43.55%

Debt

Sales & Book Value

Annual Sales
$5.86 billion
Cash Flow
$6.36 per share
Book Value
$25.09 per share

Miscellaneous

Free Float
302,270,000
Market Cap
$96.06 billion
Optionable
Optionable
Beta
1.13

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ANET Stock Analysis - Frequently Asked Questions

Should I buy or sell Arista Networks stock right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Arista Networks in the last year. There are currently 1 sell rating, 3 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ANET shares.
View ANET analyst ratings
or view top-rated stocks.

What is Arista Networks' stock price target for 2024?

21 analysts have issued 12 month price targets for Arista Networks' stock. Their ANET share price targets range from $210.00 to $356.00. On average, they predict the company's stock price to reach $295.22 in the next twelve months. This suggests that the stock has a possible downside of 3.7%.
View analysts price targets for ANET
or view top-rated stocks among Wall Street analysts.

How have ANET shares performed in 2024?

Arista Networks' stock was trading at $235.51 at the beginning of 2024. Since then, ANET shares have increased by 30.2% and is now trading at $306.55.
View the best growth stocks for 2024 here
.

Are investors shorting Arista Networks?

Arista Networks saw a decline in short interest in April. As of April 30th, there was short interest totaling 2,530,000 shares, a decline of 9.3% from the April 15th total of 2,790,000 shares. Based on an average trading volume of 2,800,000 shares, the short-interest ratio is presently 0.9 days.
View Arista Networks' Short Interest
.

When is Arista Networks' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024.
View our ANET earnings forecast
.

How were Arista Networks' earnings last quarter?

Arista Networks, Inc. (NYSE:ANET) posted its quarterly earnings data on Tuesday, May, 7th. The technology company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.56 by $0.24. The technology company earned $1.57 billion during the quarter, compared to the consensus estimate of $1.55 billion. Arista Networks had a trailing twelve-month return on equity of 31.12% and a net margin of 37.64%.

When did Arista Networks' stock split?

Arista Networks's stock split on the morning of Thursday, November 18th 2021. The 4-1 split was announced on Tuesday, November 2nd 2021. The newly created shares were issued to shareholders after the closing bell on Wednesday, November 17th 2021. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

How will Arista Networks' stock buyback program work?

Arista Networks declared that its board has authorized a stock buyback program on Tuesday, May 7th 2024, which permits the company to repurchase $1,200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 1.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

What guidance has Arista Networks issued on next quarter's earnings?

Arista Networks updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.6 billion.

What is Jayshree Ullal's approval rating as Arista Networks' CEO?

290 employees have rated Arista Networks Chief Executive Officer Jayshree Ullal on Glassdoor.com. Jayshree Ullal has an approval rating of 88% among the company's employees.

What other stocks do shareholders of Arista Networks own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Arista Networks investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Netflix (NFLX), PayPal (PYPL), Block (SQ), Shopify (SHOP), Trade Desk (TTD), Walt Disney (DIS) and Salesforce (CRM).

Who are Arista Networks' major shareholders?

Arista Networks' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.41%), Capital World Investors (3.22%), Capital Research Global Investors (1.12%), WCM Investment Management LLC (0.98%), GQG Partners LLC (0.97%) and Swedbank AB (0.57%). Insiders that own company stock include Andreas Bechtolsheim, Ann Mather, Anshul Sadana, Charles H Giancarlo, Daniel Scheinman, Ita M Brennan, Jayshree Ullal, John F Mccool, Kelly Bodnar Battles, Kenneth Duda, Marc Taxay, Paul Horstmeier, Sebastian Buerba and Yvonne Wassenaar.
View institutional ownership trends
.

How do I buy shares of Arista Networks?

Shares of ANET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Arista Networks have any subsidiaries?
The following companies are subsidiares of Arista Networks: ANET LLC, Arista Acquisition Australia Pty Limited, Arista Networks (Shanghai) Co., Arista Networks Australia Pty Ltd, Arista Networks Austria GmbH, Arista Networks B.V., Arista Networks Canada Ltd., Arista Networks Cyprus Ltd, Arista Networks EURL, Arista Networks GmbH, Arista Networks Holding Corporation, Arista Networks Hong Kong Limited, Arista Networks India Private Limited, Arista Networks International Limited, Arista Networks Israel Ltd, Arista Networks Japan Ltd., Arista Networks Korea, Arista Networks Limited, Arista Networks Malaysia Sdn. Bhd., Arista Networks Mexico S. de R.L. de C.V., Arista Networks Middle East DMCC, Arista Networks Singapore Private Ltd., Arista Networks Sweden AB, Arista Networks Taiwan Limited, Arista Networks UK Ltd, Arista Networks ULC, Arista Technology Limited, Awake Security Inc, Big Switch Networks Inc, Metamako America LLC, Metamako Europe Limited, Metamako General Pty Ltd, Metamako Group Pty Ltd, Metamako Holding Pty Ltd, Metamako LP, Metamako Technology LP, Mojo Networks Inc, Mojo Networks Private Limited, and Skylark Partners.
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This page (NYSE:ANET) was last updated on 5/27/2024 by MarketBeat.com Staff

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