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NYSE:ANET

Arista Networks Stock Forecast, Price & News

$214.11
+0.14 (+0.07 %)
(As of 10/23/2020 12:00 AM ET)
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Today's Range
$210.59
Now: $214.11
$218.88
50-Day Range
$195.10
MA: $210.85
$228.25
52-Week Range
$156.63
Now: $214.11
$267.30
Volume518,400 shs
Average Volume784,492 shs
Market Capitalization$16.28 billion
P/E Ratio22.78
Dividend YieldN/A
Beta1.02
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. Arista Networks, Inc. has a strategic partnership with Forescout Technologies, Inc. to reduce cybersecurity risks brought on by growth of IoT devices, network complexity, and propagation of malware. 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: 2.2Community 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
Employees2,300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.41 billion
Cash Flow$9.53 per share
Book Value$37.89 per share

Profitability

Net Income$859.87 million

Miscellaneous

Market Cap$16.28 billion
Next Earnings Date11/2/2020 (Confirmed)
OptionableOptionable
$214.11
+0.14 (+0.07 %)
(As of 10/23/2020 12:00 AM 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 Coronavirus (COVID-19)?

Arista Networks' stock was trading at $182.20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ANET stock has increased by 17.5% and is now trading at $214.11.
View which stocks have been most impacted by COVID-19
.

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 18 hold ratings and 9 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 Monday, November 2nd 2020.
View our earnings forecast for Arista Networks
.

How can I listen to Arista Networks' earnings call?

Arista Networks will be holding an earnings conference call on Monday, November 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Arista Networks' earnings last quarter?

Arista Networks, Inc. (NYSE:ANET) issued its quarterly earnings results on Tuesday, August, 4th. The technology company reported $2.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.16. The technology company earned $540.60 million during the quarter, compared to analysts' expectations of $530.56 million. Arista Networks had a return on equity of 22.29% and a net margin of 34.67%. The business's revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.44 EPS.
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 EPS 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 analysts have issued 1-year price objectives for Arista Networks' shares. Their forecasts range from $147.00 to $275.00. On average, they expect Arista Networks' stock price to reach $220.96 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price.
View analysts' price targets for Arista Networks
.

Are investors shorting Arista Networks?

Arista Networks saw a increase in short interest during the month of September. As of September 30th, there was short interest totaling 3,940,000 shares, an increase of 19.4% from the September 15th total of 3,300,000 shares. Based on an average daily trading volume, of 718,900 shares, the days-to-cover ratio is currently 5.5 days. Currently, 7.2% of the company's shares are sold short.
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), Paypal (PYPL), Square (SQ), Shopify (SHOP), Trade Desk (TTD), The Walt Disney (DIS) and salesforce.com (CRM).

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 65)
  • Ms. Jayshree V. Ullal, Pres, CEO & Director (Age 59, Pay $308.53k)
  • Mr. Kenneth Duda, Co-Founder, CTO & Sr. VP of Software Engineering (Age 48, Pay $474.33k)
  • Ms. Ita M. Brennan, CFO , Sr. VP & Principal Accounting Officer (Age 53, Pay $458.53k)
  • Mr. Anshul Sadana, Sr. VP & COO (Age 43, Pay $528.53k)
  • Mr. Marc Taxay, Sr. VP & Gen. Counsel (Age 51, Pay $458.53k)
  • Curtis McKee, Head of Corp. & Investor Devel.
  • Mr. Mark Foss, Sr. VP of Global Operations & Marketing
  • Mr. Ciarán Kennedy, Chief Sales Officer
  • Ms. Isabelle Bertin-Bailly, VP of Global HR

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 Trinity Street Asset Management LLP (0.21%), Standard Life Aberdeen plc (0.13%), Scout Investments Inc. (0.07%), Envestnet Asset Management Inc. (0.07%), State of Alaska Department of Revenue (0.06%) and Nepsis Inc. (0.04%). Company insiders that own Arista Networks stock include Andreas Bechtolsheim, Ann Mather, Anshul Sadana, Charles H Giancarlo, 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 major investors are selling Arista Networks stock?

ANET stock was sold by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Scout Investments Inc., Minot Wealth Management LLC, Pacer Advisors Inc., Trinity Street Asset Management LLP, Carnegie Capital Asset Management LLC, Retirement Systems of Alabama, and Jag Capital Management LLC. Company insiders that have sold Arista Networks company stock in the last year include Ann Mather, Anshul Sadana, Charles H Giancarlo, Daniel Scheinman, Ita M Brennan, Jayshree Ullal, John F Mccool, Kenneth Duda, Marc Taxay, and Nikos Theodosopoulos.
View insider buying and selling activity for Arista Networks
.

Which major investors are buying Arista Networks stock?

ANET stock was bought by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, State of Alaska Department of Revenue, Envestnet Asset Management Inc., Nepsis Inc., Pegasus Asset Management Inc., Concorde Asset Management LLC, Forsta AP Fonden, and Archford Capital Strategies LLC.
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 $214.11.

How big of a company is Arista Networks?

Arista Networks has a market capitalization of $16.28 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 10/26/2020 by MarketBeat.com Staff

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