Arista Networks Company Profile (NYSE:ANET)

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

Arista Networks, Inc. (NYSE:ANET) posted its quarterly earnings results on Thursday, August, 3rd. The company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.95 by $0.15. The company earned $405.21 million during the quarter, compared to analyst estimates of $361.02 million. Arista Networks had a net margin of 21.74% and a return on equity of 22.64%. The firm's revenue for the quarter was up 50.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share. View Arista Networks' Earnings History.

29 analysts have issued 1-year target prices for Arista Networks' shares. Their predictions range from $94.00 to $200.00. On average, they anticipate Arista Networks' stock price to reach $156.56 in the next twelve months. View Analyst Ratings for Arista Networks.

Here are some recent quotes from research analysts about Arista Networks stock:

• 1. According to Zacks Investment Research, "Arista is a dominant name in the data center networking market. The company’s strategy of leveraging merchant silicon from multiple suppliers has expanded product portfolio and increased its ability to offer products at cheaper prices. Moreover, ample cash balance provides it the flexibility required to pursue any growth strategy, whether by way of acquisitions or otherwise. The company has outperformed the industry on a year-to-date basis. However, the lawsuits with Cisco have been a major distraction for the company. It has been forced to bring much of its manufacturing in the U.S., which along with redesigning of products have not only increased lead-times but also hurt gross margin. Notably, the company has been barred to import products in the U.S. by International Trade Commission (ITC). We note that a ban on Arista products surely gives a competitive edge to Cisco at least in the near term. " (7/27/2017)
• 2. Credit Suisse Group analysts commented, "We reiterate our Neutral rating and our $140 TP. While we believe the company is a secular market share gainer, we believe that this is currently fully priced in." (5/28/2017)
• 3. Deutsche Bank AG analysts commented, "We are calling for ANET to grow in the 20% CAGR range, over the next few years. Drivers of ANET's growth story is a robust 100G Switching and Routing refresh, still early cycle at major Clouds, Enterprises, and Carriers. ANET's differentiated Software OS, with a growing Analytics, Visibility, and Automation toolset, is basis for share gains versus peers ' e.g. versus JNPR in Datacenter Routing and Switching, and upside to the consensus view. Raising our Price Target from $130 to $140 (~26x ex-cash P/E DB FY19E), reflecting our published FY17-19 revenues and EPS estimates." (3/23/2017)
• 4. Barclays PLC analysts commented, "... Arista already appears to be leveraging its partnership with HP Enterprise for greater telco service provider exposure, has gained data center switching share faster than anticipated, and announced ~50 routing customers."The analyst highlighted that according to Dell'Oro data, Arista grew data center switching share to 9.5% in Dec-Q, up from 9.0% in Sep-Q and 7.9% a year ago.He added, "We still believe the major thrust of Arista's move into routing is 2-3 years away, but we are encouraged that Arista announced ~50 routing customers during its last earnings call." (3/22/2017)
• 5. BMO Capital Markets analysts commented, "In the second edition of our new report series that looks at the most important themes in our focus stocks, we look at Arista's opportunity in routing. Arista has had tremendous success disrupting the data center switching market, and has garnered significant share over a relatively short period of time. We believe this success can be replicated in routing, with an initial focus on DCI opportunities and expanding to include more of the market over time." (3/15/2017)

Some companies that are related to Arista Networks include Harris Corporation (HRS), Motorola Solutions (MSI), Alcatel Lucent SA (ALU), CommScope Holding Company (COMM), EchoStar Corporation (SATS), Brocade Communications Systems (BRCD), ARRIS International PLC (ARRS), ViaSat (VSAT), Ciena Corporation (CIEN), Lumentum Holdings (LITE), Belden (BDC), Finisar Corporation (FNSR), InterDigital (IDCC), Viavi Solutions (VIAV), West Corporation (WSTC), Acacia Communications (ACIA), Oclaro (OCLR) and Plantronics (PLT).

Arista Networks' management team includes the folowing people:

• Andreas Bechtolsheim, Founder, Chairman of the Board, Chief Development Officer
• Jayshree Ullal, President, Chief Executive Officer, Director
• Kenneth Duda Ph.D., Founder, Chief Technology Officer and Senior Vice President - Software Engineering
• Ita M. Brennan, Chief Financial Officer, Senior Vice President
• Marc Taxay, Senior Vice President, General Counsel
• Anshul Sadana, Chief Customer Officer
• Charles H. Giancarlo, Independent Director
• Ann Mather, Independent Director
• Daniel Scheinman, Independent Director
• Mark B. Templeton, Independent Director

Arista Networks' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Capital Research Global Investors (10.45%), Vanguard Group Inc. (5.23%), FMR LLC (4.30%), BlackRock Inc. (3.30%), Harbour Capital Advisors LLC (1.71%) and JPMorgan Chase & Co. (1.57%). Company insiders that own Arista Networks stock include Anshul Sadana, Daniel Scheinman, David R Cheriton Irrevoca 2010, Jayshree Ullal, Kenneth Duda, Marc Taxay and Mark Stephen Smith. View Institutional Ownership Trends for Arista Networks.

Arista Networks' stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., FMR LLC, JPMorgan Chase & Co., Fiera Capital Corp, Ameriprise Financial Inc., Gilder Gagnon Howe & Co. LLC, Renaissance Technologies LLC and Scout Investments Inc.. Company insiders that have sold Arista Networks stock in the last year include Anshul Sadana, Daniel Scheinman, Jayshree Ullal, Kenneth Duda, Marc Taxay and Mark Stephen Smith. View Insider Buying and Selling for Arista Networks.

Arista Networks' stock was purchased by a variety of institutional investors in the last quarter, including Harbour Capital Advisors LLC, BlackRock Inc., Koch Industries Inc., State Street Corp, Vanguard Group Inc., Ardevora Asset Management LLP, Capital Research Global Investors and Janus Henderson Group PLC. View Insider Buying and Selling for Arista Networks.

Shares of Arista Networks can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Arista Networks stock can currently be purchased for approximately $172.01.