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Arista Networks - ANET Stock Forecast, Price & News

$127.90
-0.23 (-0.18%)
(As of 12/9/2022 05:40 PM ET)
Add
Compare
Today's Range
$127.81
$131.73
50-Day Range
$100.37
$139.78
52-Week Range
$89.11
$148.57
Volume
1.92 million shs
Average Volume
2.08 million shs
Market Capitalization
$39.08 billion
P/E Ratio
34.85
Dividend Yield
N/A
Price Target
$167.32

Arista Networks MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
30.8% Upside
$167.32 Price Target
Short Interest
Healthy
1.06% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.14
Upright™ Environmental Score
News Sentiment
-0.02mentions of Arista Networks in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$11.67 M Sold Last Quarter
Proj. Earnings Growth
18.42%
From $3.80 to $4.50 Per Share

Overall MarketRank

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

3.19 out of 5 stars

Computer And Technology Sector

4th out of 621 stocks

Computer & Office Equipment Industry

1st out of 13 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.

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ANET Stock News Headlines

"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Analysts Set Arista Networks, Inc. (NYSE:ANET) PT at $167.32
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ANET Company Calendar

Last Earnings
10/31/2022
Today
12/09/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/13/2023

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
$167.32
High Stock Price Forecast
$305.00
Low Stock Price Forecast
$130.00
Forecasted Upside/Downside
+30.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
20 Analysts

Profitability

Net Income
$840.85 million
Pretax Margin
34.69%

Debt

Sales & Book Value

Annual Sales
$2.95 billion
Cash Flow
$2.64 per share
Book Value
$12.95 per share

Miscellaneous

Free Float
245,711,000
Market Cap
$39.08 billion
Optionable
Optionable
Beta
1.28

Social Links


Key Executives

  • Dr. Andreas B. Bechtolsheim Ph.D.Dr. Andreas B. Bechtolsheim Ph.D. (Age 67)
    Co-Founder, Chairman & Chief Devel. Officer
  • Ms. Jayshree V. UllalMs. Jayshree V. Ullal (Age 61)
    Pres, CEO & Director
    Comp: $609.13k
  • Mr. Kenneth DudaMr. Kenneth Duda (Age 50)
    Co-Founder, CTO & Sr. VP of Software Engineering
    Comp: $534.13k
  • Ms. Ita M. BrennanMs. Ita M. Brennan (Age 55)
    CFO & Sr. VP
    Comp: $559.13k
  • Mr. Anshul SadanaMr. Anshul Sadana (Age 45)
    Chief Operating Officer
    Comp: $709.73k
  • Mr. Marc TaxayMr. Marc Taxay (Age 53)
    Sr. VP & Gen. Counsel
    Comp: $526.9k
  • Mr. Venkatesh R. Nathamuni
    Head of Corp. Fin., M&A and IR
  • Liz Stine
    Director of Investor Relations Advocacy
  • Mr. Mark Foss
    Sr. VP of Global Operations & Marketing
  • Mr. Ciarán Kennedy
    Chief Sales Officer













ANET Stock - Frequently Asked Questions

Should I buy or sell Arista Networks stock right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Arista Networks in the last year. There are currently 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research 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 2023?

20 analysts have issued 12-month target prices 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 $167.32 in the next twelve months. This suggests a possible upside of 30.6% 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 10.9% and is now trading at $128.13.
View the best growth stocks for 2022 here
.

Are investors shorting Arista Networks?

Arista Networks saw a decline in short interest during the month of October. As of October 31st, there was short interest totaling 4,010,000 shares, a decline of 12.8% from the October 15th total of 4,600,000 shares. Based on an average daily volume of 2,150,000 shares, the short-interest ratio is presently 1.9 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, February 13th 2023.
View our ANET earnings forecast
.

How were Arista Networks' earnings last quarter?

Arista Networks, Inc. (NYSE:ANET) posted its earnings results on Monday, October, 31st. The technology company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.21. The technology company earned $1.18 billion during the quarter, compared to analyst estimates of $1.06 billion. Arista Networks had a net margin of 29.63% and a trailing twelve-month return on equity of 27.23%. The firm's quarterly revenue was up 57.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS.
Read the conference call transcript
.

When did Arista Networks' stock split?

Shares of Arista Networks split on Thursday, November 18th 2021. The 4-1 split was announced on Tuesday, November 2nd 2021. The newly minted shares were distributed 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.

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

Arista Networks updated its FY 2023 earnings guidance on Tuesday, November, 8th. The company provided EPS 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.

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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.67%), BlackRock Inc. (6.04%), Alliancebernstein L.P. (3.46%), State Street Corp (3.06%), Artisan Partners Limited Partnership (1.91%) and Price T Rowe Associates Inc. MD (1.72%). 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 $128.13.

How much money does Arista Networks make?

Arista Networks (NYSE:ANET) has a market capitalization of $39.15 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.

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.
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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 12/9/2022 by MarketBeat.com Staff