Arista Networks - ANET Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arista Networks in the last year. There are currently 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ANET shares.
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19 analysts have issued 12 month price targets for Arista Networks' shares. Their ANET share price forecasts range from $130.00 to $305.00. On average, they expect the company's share price to reach $167.79 in the next year. This suggests a possible upside of 33.1% from the stock's current price.
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Arista Networks' stock was trading at $121.35 at the beginning of the year. Since then, ANET stock has increased by 3.8% and is now trading at $126.02.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
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Arista Networks will be holding an earnings conference call on Monday, February 13th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Arista Networks, Inc. (NYSE:ANET) announced its quarterly earnings results on Monday, November, 1st. The technology company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.06. The technology company earned $748.70 million during the quarter, compared to analyst estimates of $738.13 million. Arista Networks had a net margin of 29.63% and a trailing twelve-month return on equity of 27.23%. The company's quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share.
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Arista Networks shares split before market open on Thursday, November 18th 2021. The 4-1 split was announced on Tuesday, November 2nd 2021. The newly issued shares were payable to shareholders after the market closes on Wednesday, November 17th 2021. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

Arista Networks updated its FY 2023 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $5.50 billion-$5.50 billion, compared to the consensus revenue estimate of $5.33 billion.

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.

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).

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

Arista Networks' stock is owned by many different institutional and retail investors. Top institutional investors include Bristol John W & Co. Inc. NY (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.23%), New York State Common Retirement Fund (0.18%), Kovitz Investment Group Partners LLC (0.17%), Wedge Capital Management L L P NC (0.17%) and Allspring Global Investments Holdings LLC (0.14%). 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.
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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.
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One share of ANET stock can currently be purchased for approximately $126.02.

Arista Networks (NYSE:ANET) has a market capitalization of $38.51 billion and generates $2.95 billion in revenue each year. The technology company earns $840.85 million in net income (profit) each year or $3.67 on an earnings per share basis.

The company employs 2,993 workers across the globe.

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.