NYSE:ANETArista Networks Stock Price, Forecast & News

$233.46

+10.54 (+4.73 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$222.50

Now: $233.46▼

$234.44

50-Day Range

$200.05

MA: $214.01▼

$227.21

52-Week Range

$156.63

Now: $233.46▼

$289.45

Volume962,556 shs

Average Volume885,347 shs

Market Capitalization$17.67 billion

P/E Ratio23.58

Dividend YieldN/A

Beta1.13

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.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Arista Networks has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 8 buy ratings, 18 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $217.54, Arista Networks has a potential downside of 6.8% from its current price of $233.46.
Amount of Analyst Coverage
Arista Networks has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.2 Community Rank

Outperform Votes
Arista Networks has received 1,157 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Arista Networks has received 648 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Arista Networks has received 64.10% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Arista Networks and other stocks. Vote “Outperform” if you believe ANET will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ANET will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Arista Networks does not currently pay a dividend.
Dividend Growth
Arista Networks does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Arista Networks insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,174,663.00 in company stock.
Percentage Held by Insiders
Only 23.77% of the stock of Arista Networks is held by insiders.
Percentage Held by Institutions
61.67% of the stock of Arista Networks is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Arista Networks are expected to grow by 16.96% in the coming year, from $7.31 to $8.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Arista Networks is 23.58, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Arista Networks is 23.58, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.95.
Price to Earnings Growth Ratio
Arista Networks has a PEG Ratio of 2.87. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Arista Networks has a P/B Ratio of 6.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.52 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Computer & office equipment

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNYSE:ANET

Previous Symbol

CUSIPN/A

CIK1596532

Webwww.arista.com

Phone408-547-5500

Debt

Debt-to-Equity Ratio0.03

Current Ratio5.82

Quick Ratio5.37

Price-To-Earnings

Trailing P/E Ratio23.58

Forward P/E Ratio31.94

P/E Growth2.87

Sales & Book Value

Annual Sales$2.41 billion

Price / Sales7.33

Cash Flow$9.80 per share

Price / Cash Flow23.82

Book Value$37.63 per share

Price / Book6.20

Profitability

EPS (Most Recent Fiscal Year)$8.69

Net Income$859.87 million

Net Margins35.61%

Return on Equity24.82%

Return on Assets17.66%

Miscellaneous

Employees2,300

Outstanding Shares75,705,000

Market Cap$17.67 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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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 COVID-19 reached pandemic status according to the World Health Organization. Since then, ANET stock has increased by 28.1% and is now trading at $233.46. View which stocks have been most impacted by Coronavirus.

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

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arista Networks in the last year. There are currently 18 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, August 6th 2020. View our earnings forecast for Arista Networks.

How were Arista Networks' earnings last quarter?

Arista Networks Inc (NYSE:ANET) announced its quarterly earnings results on Tuesday, May, 5th. The technology company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.21. The technology company earned $523 million during the quarter, compared to analysts' expectations of $517.45 million. Arista Networks had a net margin of 35.61% and a return on equity of 24.82%. The company's quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.31 earnings per share. View Arista Networks' earnings history.

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

Arista Networks issued an update on its second quarter 2020 After-Hours earnings guidance on Tuesday, May, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $520-540 million, compared to the consensus revenue estimate of $542.46 million.

What price target have analysts set for ANET?

26 brokerages have issued 1-year price targets for Arista Networks' stock. Their forecasts range from $147.00 to $340.00. On average, they anticipate Arista Networks' stock price to reach $217.54 in the next year. This suggests that the stock has a possible downside of 6.8%. View analysts' price targets for Arista Networks.

Has Arista Networks been receiving favorable news coverage?

News stories about ANET stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Arista Networks earned a coverage optimism score of 0.6 on InfoTrie's scale. They also gave media stories about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news aboutArista Networks.

Are investors shorting Arista Networks?

Arista Networks saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,640,000 shares, an increase of 21.7% from the April 15th total of 2,170,000 shares. Based on an average daily volume of 962,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 4.9% of the company's stock are short sold. View Arista Networks' Current Options Chain.

Who are some of Arista Networks' key competitors?

Some companies that are related to Arista Networks include HP (HPQ), Toshiba (TOSYY), Hewlett Packard Enterprise (HPE), F5 Networks (FFIV), Juniper Networks (JNPR), NEC (NIPNF), A10 Networks (ATEN), Extreme Networks (EXTR), Allot Communications (ALLT), Digi International (DGII), Silicom (SILC), Lantronix (LTRX), Intrusion (INTZ), BIO-key International (BKYI) and BOS Better OnLine Sol (BOSC). View all 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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.27%), State Street Corp (2.96%), Capital World Investors (2.67%), Alliancebernstein L.P. (1.64%), Geode Capital Management LLC (1.31%) and First Trust Advisors LP (1.22%). 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 Swedbank, Baird Financial Group Inc., Thrivent Financial for Lutherans, Alliancebernstein L.P., Invesco Ltd., First Trust Advisors LP, Eaton Vance Management, and Teacher Retirement System of Texas. Company insiders that have sold Arista Networks company stock in the last year include Andreas Bechtolsheim, Ann Mather, Anshul Sadana, Daniel Scheinman, Ita M Brennan, Kenneth Duda, Manuel Felix Rivelo, 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 acquired by a variety of institutional investors in the last quarter, including Capital World Investors, Girard Partners LTD., Advisor Group Holdings Inc., Nuveen Asset Management LLC, Trinity Street Asset Management LLP, Clearbridge Investments LLC, Two Sigma Advisers LP, and Federated Hermes Inc.. 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 $233.46.

How big of a company is Arista Networks?

Arista Networks has a market capitalization of $17.67 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 5/30/2020 by MarketBeat.com Staff