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Arista Networks - ANET Stock Forecast, Price & News

$125.83
-1.64 (-1.29%)
(As of 08/11/2022 03:45 PM ET)
Add
Compare
Today's Range
$125.82
$128.05
50-Day Range
$90.42
$127.47
52-Week Range
$85.18
$148.57
Volume
39,123 shs
Average Volume
2.25 million shs
Market Capitalization
$38.29 billion
P/E Ratio
38.81
Dividend Yield
N/A
Price Target
$157.53

Arista Networks MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
24.9% Upside
$157.53 Price Target
Short Interest
Healthy
1.34% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.28
Upright™ Environmental Score
News Sentiment
0.35mentions of Arista Networks in the last 14 days
Based on 46 Articles This Week
Insider Trading
Selling Shares
$75.13 M Sold Last Quarter
Proj. Earnings Growth
13.51%
From $3.48 to $3.95 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.79 out of 5 stars

Computer And Technology Sector

101st out of 658 stocks

Computer & Office Equipment Industry

3rd out of 14 stocks

ANET stock logo

About Arista Networks (NYSE:ANET) Stock

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. 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, 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Evercore ISI increased their price target on Arista Networks from $135.00 to $145.00 and gave the company an "outperform" rating in a report on Tuesday, August 2nd. UBS Group lowered their target price on Arista Networks from $140.00 to $134.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 2nd. JPMorgan Chase & Co. raised their target price on Arista Networks from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, August 2nd. Piper Sandler increased their price target on Arista Networks from $108.00 to $125.00 and gave the company a "neutral" rating in a research note on Tuesday, August 2nd. Finally, Barclays decreased their price target on Arista Networks from $138.00 to $131.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $157.53.

Arista Networks Stock Up 5.4 %

ANET opened at $127.47 on Thursday. The stock has a fifty day moving average of $103.18 and a 200-day moving average of $114.74. The firm has a market capitalization of $38.79 billion, a P/E ratio of 39.31, a PEG ratio of 1.87 and a beta of 1.35. Arista Networks has a 12-month low of $85.18 and a 12-month high of $148.57.

Arista Networks (NYSE:ANET - Get Rating) last announced its quarterly earnings data on Monday, August 1st. The technology company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.30. Arista Networks had a return on equity of 24.03% and a net margin of 29.55%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $979.66 million. During the same period last year, the company earned $0.56 earnings per share. Arista Networks's quarterly revenue was up 48.7% compared to the same quarter last year. On average, analysts expect that Arista Networks will post 3.48 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Andreas Bechtolsheim sold 100,000 shares of Arista Networks stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $102.95, for a total transaction of $10,295,000.00. Following the sale, the insider now directly owns 46,520,000 shares of the company's stock, valued at $4,789,234,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Arista Networks news, Director Charles H. Giancarlo sold 6,660 shares of the firm's stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $102.11, for a total value of $680,052.60. Following the transaction, the director now directly owns 112,266 shares of the company's stock, valued at $11,463,481.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Andreas Bechtolsheim sold 100,000 shares of the business's stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $102.95, for a total value of $10,295,000.00. Following the transaction, the insider now owns 46,520,000 shares of the company's stock, valued at $4,789,234,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 693,052 shares of company stock valued at $75,130,888. 19.59% of the stock is owned by insiders.

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ANET Stock News Headlines

Best Momentum Stocks to Buy for August 5th
Arista Networks (NYSE:ANET) Upgraded to Buy at StockNews.com
Arista Networks (NYSE:ANET) Price Target Raised to $145.00
Arista Networks (NYSE:ANET) PT Raised to $163.00
Arista Networks (NYSE:ANET) PT Raised to $140.00
See More Headlines
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ANET Company Calendar

Last Earnings
8/01/2022
Today
8/11/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Computer & office equipment
Sub-Industry
N/A
Employees
2,993
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$157.53
High Stock Price Forecast
$305.00
Low Stock Price Forecast
$105.00
Forecasted Upside/Downside
+25.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
20 Analysts

Profitability

Net Income
$840.85 million
Pretax Margin
33.51%

Debt

Sales & Book Value

Annual Sales
$2.95 billion
Cash Flow
$2.73 per share
Book Value
$13.16 per share

Miscellaneous

Free Float
244,672,000
Market Cap
$38.29 billion
Optionable
Optionable
Beta
1.35

Social Links















ANET Stock - Frequently Asked Questions

Should I buy or sell Arista Networks stock right now?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arista Networks in the last year. There are currently 1 sell rating, 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ANET shares.
View ANET analyst ratings
or view top-rated stocks.

What is Arista Networks' stock price forecast for 2022?

20 analysts have issued 12 month price objectives for Arista Networks' stock. Their ANET share price forecasts range from $105.00 to $305.00. On average, they predict the company's share price to reach $157.53 in the next twelve months. This suggests a possible upside of 23.7% from the stock's current price.
View analysts price targets for ANET
or view top-rated stocks among Wall Street analysts.

How have ANET shares performed in 2022?

Arista Networks' stock was trading at $143.75 at the start of the year. Since then, ANET shares have decreased by 11.4% and is now trading at $127.33.
View the best growth stocks for 2022 here
.

Are investors shorting Arista Networks?

Arista Networks saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 4,080,000 shares, an increase of 20.7% from the July 15th total of 3,380,000 shares. Based on an average daily volume of 2,040,000 shares, the short-interest ratio is presently 2.0 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, November 7th 2022.
View our ANET earnings forecast
.

How were Arista Networks' earnings last quarter?

Arista Networks, Inc. (NYSE:ANET) issued its quarterly earnings results on Monday, August, 1st. The technology company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.78 by $0.30. The technology company earned $1.05 billion during the quarter, compared to analysts' expectations of $979.66 million. Arista Networks had a net margin of 29.55% and a trailing twelve-month return on equity of 24.03%. The business's revenue for the quarter was up 48.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 EPS.
Read the conference call transcript
.

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.

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

Arista Networks issued an update on its third quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.02 billion-$1.07 billion, compared to the consensus revenue estimate of $1.00 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).

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 a variety of institutional and retail investors. Top institutional shareholders include Deutsche Bank AG (0.62%), State Farm Mutual Automobile Insurance Co. (0.44%), Swiss National Bank (0.35%), Mitsubishi UFJ Trust & Banking Corp (0.33%), Bristol John W & Co. Inc. NY (0.28%) and Fiera Capital Corp (0.26%). 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, Nikos Theodosopoulos, Paul Horstmeier and Sebastian Buerba.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Arista Networks' stock price today?

One share of ANET stock can currently be purchased for approximately $127.33.

How much money does Arista Networks make?

Arista Networks (NYSE:ANET) has a market capitalization of $38.74 billion and generates $2.95 billion in revenue each year. The technology company earns $840.85 million in net income (profit) each year or $3.2425 on an earnings per share basis.

How many employees does Arista Networks have?

The company employs 2,993 workers across the globe.

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.
Read More

When was Arista Networks founded?

Arista Networks was founded in 2004.

How can I contact Arista Networks?

Arista Networks' mailing address is 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA, 95054. The official website for the company is www.arista.com. The technology company can be reached via phone at (408) 547-5500, via email at cyager@arista.com, or via fax at 408-538-8920.

This page (NYSE:ANET) was last updated on 8/11/2022 by MarketBeat.com Staff

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