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NYSE:ANETArista Networks Stock Price, Forecast & News

$230.80
-5.58 (-2.36 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$228.42
Now: $230.80
$235.53
50-Day Range
$206.91
MA: $225.25
$263.99
52-Week Range
$156.63
Now: $230.80
$267.30
Volume1.08 million shs
Average Volume697,745 shs
Market Capitalization$17.55 billion
P/E Ratio24.55
Dividend YieldN/A
Beta1.22
Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services. The company serves a range of industries comprising Internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, and others. It markets and sells its products through distributors, value-added resellers, system integrators, 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 founded in 2004 and is headquartered in Santa Clara, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 3.2Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.52 out of 5 stars


Industry, Sector and Symbol

Industry Computer & office equipment
Sub-IndustryN/A
CUSIPN/A
Phone408-547-5500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.41 billion
Cash Flow$9.54 per share
Book Value$39.94 per share

Profitability

Net Income$859.87 million

Miscellaneous

Employees2,300
Market Cap$17.55 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$230.80
-5.58 (-2.36 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Arista Networks (NYSE:ANET) Frequently Asked Questions

How has Arista Networks' stock been impacted by COVID-19 (Coronavirus)?

Arista Networks' stock was trading at $182.20 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ANET shares have increased by 26.7% and is now trading at $230.80.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Arista Networks?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arista Networks in the last year. There are currently 19 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Arista Networks
.

When is Arista Networks' next earnings date?

Arista Networks is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Arista Networks
.

How were Arista Networks' earnings last quarter?

Arista Networks Inc (NYSE:ANET) released its quarterly earnings data on Tuesday, August, 4th. The technology company reported $2.11 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.95 by $0.16. The technology company had revenue of $540.60 million for the quarter, compared to analyst estimates of $530.56 million. Arista Networks had a return on equity of 22.29% and a net margin of 34.67%. The company's revenue was down 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.44 earnings per share.
View Arista Networks' earnings history
.

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

Arista Networks updated its third quarter 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $570-590 million, compared to the consensus revenue estimate of $562.24 million.

What price target have analysts set for ANET?

27 Wall Street analysts have issued 12 month price objectives for Arista Networks' stock. Their forecasts range from $147.00 to $290.00. On average, they expect Arista Networks' share price to reach $217.04 in the next twelve months. This suggests that the stock has a possible downside of 6.0%.
View analysts' price targets for Arista Networks
.

Has Arista Networks been receiving favorable news coverage?

News stories about ANET stock have trended extremely negative recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Arista Networks earned a media sentiment score of -4.8 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
View the latest news about Arista Networks
.

Are investors shorting Arista Networks?

Arista Networks saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 3,870,000 shares, a decline of 5.4% from the July 15th total of 4,090,000 shares. Based on an average trading volume of 687,500 shares, the short-interest ratio is currently 5.6 days. Currently, 7.2% of the company's stock are short sold.
View Arista Networks' Short Interest
.

Who are some of Arista Networks' key competitors?

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), Shopify (SHOP), Paypal (PYPL), Square (SQ), Walt Disney (DIS), Trade Desk (TTD) and Adobe (ADBE).

Who are Arista Networks' key executives?

Arista Networks' management team includes the following people:
  • Dr. Andreas B. Bechtolsheim, Co-Founder, Chairman & Chief Devel. Officer (Age 63)
  • Ms. Jayshree V. Ullal, Pres, CEO & Director (Age 58)
  • Mr. Kenneth Duda, Co-Founder, CTO & Sr. VP of Software Engineering (Age 47)
  • Ms. Ita M. Brennan, CFO & Sr. VP (Age 52)
  • Mr. Anshul Sadana, Sr. VP & COO (Age 42)

What is Arista Networks' stock symbol?

Arista Networks trades on the New York Stock Exchange (NYSE) under the ticker symbol "ANET."

Who are Arista Networks' major shareholders?

Arista Networks' stock is owned by many different institutional and retail investors. Top institutional shareholders include First Trust Advisors LP (1.93%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), Swiss National Bank (0.30%), Trinity Street Asset Management LLP (0.22%), New York State Common Retirement Fund (0.18%) and Russell Investments Group Ltd. (0.18%). Company insiders that own Arista Networks stock include Andreas Bechtolsheim, Ann Mather, Anshul Sadana, Daniel Scheinman, Ita M Brennan, Jayshree Ullal, John F Mccool, Kenneth Duda, Manuel Felix Rivelo, Marc Taxay and Nikos Theodosopoulos.
View institutional ownership trends for Arista Networks
.

Which institutional investors are selling Arista Networks stock?

ANET stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Scout Investments Inc., US Bancorp DE, Hartford Investment Management Co., New York State Common Retirement Fund, First Quadrant L P CA, Raymond James & Associates, and Royal London Asset Management Ltd.. Company insiders that have sold Arista Networks company stock in the last year include Ann Mather, Anshul Sadana, Daniel Scheinman, Kenneth Duda, Marc Taxay, and Nikos Theodosopoulos.
View insider buying and selling activity for Arista Networks
.

Which institutional investors are buying Arista Networks stock?

ANET stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Candriam Luxembourg S.C.A., Kornitzer Capital Management Inc. KS, Seizert Capital Partners LLC, Trinity Street Asset Management LLP, Nepsis Inc., Swiss National Bank, and Robeco Institutional Asset Management B.V..
View insider buying and selling activity for Arista Networks
.

How do I buy shares of Arista Networks?

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

What is Arista Networks' stock price today?

One share of ANET stock can currently be purchased for approximately $230.80.

How big of a company is Arista Networks?

Arista Networks has a market capitalization of $17.55 billion and generates $2.41 billion in revenue each year. The technology company earns $859.87 million in net income (profit) each year or $8.69 on an earnings per share basis. Arista Networks employs 2,300 workers across the globe.

What is Arista Networks' official website?

The official website for Arista Networks is www.arista.com.

How can I contact Arista Networks?

Arista Networks' mailing address is 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA, 95054. The technology company can be reached via phone at 408-547-5500 or via email at [email protected]

This page was last updated on 8/9/2020 by MarketBeat.com Staff

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