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Arista Networks - ANET Stock Forecast, Price & News

$127.47
+6.50 (+5.37%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$122.90
$127.75
50-Day Range
$90.42
$127.47
52-Week Range
$85.18
$148.57
Volume
2.25 million shs
Average Volume
2.05 million shs
Market Capitalization
$38.79 billion
P/E Ratio
39.31
Dividend Yield
N/A
Price Target
$157.53

Arista Networks MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
23.6% 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 65 Articles This Week
Insider Trading
Selling Shares
$75.50 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

31st out of 653 stocks

Computer & Office Equipment Industry

1st 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.

Arista Networks Stock Down 3.0 %

Arista Networks stock opened at $120.97 on Wednesday. Arista Networks has a 52 week low of $85.18 and a 52 week high of $148.57. The company has a market capitalization of $36.81 billion, a price-to-earnings ratio of 37.31, a price-to-earnings-growth ratio of 1.96 and a beta of 1.35. The stock has a 50-day moving average price of $102.66 and a 200 day moving average price of $114.65.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Needham & Company LLC raised their price target on Arista Networks from $128.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, August 2nd. Cowen raised their price target on Arista Networks from $154.00 to $163.00 and gave the company an "outperform" rating in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. raised their price target on Arista Networks from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, August 2nd. Barclays cut their target price on Arista Networks from $138.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 2nd. Finally, Evercore ISI lifted their target price on Arista Networks from $135.00 to $145.00 and gave the company an "outperform" rating in a research note on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $157.53.

Insider Buying and Selling

In related news, Director Kelly Bodnar Battles sold 400 shares of Arista Networks stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $123.07, for a total transaction of $49,228.00. Following the completion of the sale, the director now owns 1,812 shares of the company's stock, valued at $223,002.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Arista Networks news, Director Charles H. Giancarlo sold 6,660 shares of the business's stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $117.03, for a total value of $779,419.80. Following the completion of the transaction, the director now directly owns 98,946 shares of the company's stock, valued at $11,579,650.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kelly Bodnar Battles sold 400 shares of the business's stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $123.07, for a total value of $49,228.00. Following the completion of the transaction, the director now directly owns 1,812 shares of the company's stock, valued at $223,002.84. The disclosure for this sale can be found here. Insiders sold 527,220 shares of company stock valued at $54,483,146 over the last quarter. 19.59% of the stock is currently owned by company 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
8/10/2022
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
+23.6%
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
$2.64 per share
Book Value
$12.95 per share

Miscellaneous

Free Float
244,672,000
Market Cap
$38.79 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 twelve months. 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 brokers have issued 1-year target prices for Arista Networks' shares. 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 25.3% 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 12.5% and is now trading at $125.76.
View the best growth stocks for 2022 here
.

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) announced its quarterly earnings results on Monday, August, 1st. The technology company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.78 by $0.30. The technology company had revenue of $1.05 billion for the quarter, compared to the consensus estimate 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 company's revenue was up 48.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Read the conference call transcript
.

When did Arista Networks' stock split?

Arista Networks's stock split on Thursday, November 18th 2021. The 4-1 split was announced on Tuesday, November 2nd 2021. The newly issued shares were distributed 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 updated its third quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (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 retail and institutional investors. Top institutional shareholders include Swiss National Bank (0.35%), Mitsubishi UFJ Trust & Banking Corp (0.33%), Bristol John W & Co. Inc. NY (0.28%), Sumitomo Mitsui Trust Holdings Inc. (0.23%), Victory Capital Management Inc. (0.23%) and Baird Financial Group Inc. (0.22%). 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 $125.76.

How much money does Arista Networks make?

Arista Networks (NYSE:ANET) has a market capitalization of $38.27 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 8/10/2022 by MarketBeat.com Staff

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