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, May, 4th. The company reported $0.79 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.70 by $0.09. The business earned $335.48 million during the quarter, compared to the consensus estimate of $326.19 million. Arista Networks had a net margin of 18.95% and a return on equity of 20.94%. Arista Networks's revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. View Arista Networks' Earnings History.

Arista Networks is scheduled to release their next quarterly earnings announcement on Thursday, August, 3rd 2017. View Earnings Estimates for Arista Networks.

29 brokerages have issued 1-year price objectives for Arista Networks' shares. Their forecasts range from $67.00 to $185.00. On average, they expect Arista Networks' stock price to reach $141.04 in the next year. View Analyst Ratings for Arista Networks.

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

• 1. 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)
• 2. 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)
• 3. 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)
• 4. 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)
• 5. Needham & Company LLC analysts commented, " Arista announced the ability to containerize its EOS operating system. The Street generally didn't know what to make of the technology. We think it's a big deal. We think it's important enough and differentiated enough to increase our Price Target to $150 from $130. This really matters to the Web 2.0 customers. The ability to include Arista technology in the DevOps process is likely to make Arista the de-facto standard in the industry and result in accelerating share gains. Arista's unique single binary code operating system allows this advance. Cisco can't match it. Arista's embrace of Best Practices in software design puts it far beyond CSCO, in our view. Reiterate Buy." (3/13/2017)

Some companies that are related to Arista Networks include Ericsson (ERIC), Motorola Solutions (MSI), Harris Corporation (HRS), Alcatel Lucent SA (ALU), CommScope Holding Company (COMM), EchoStar Corporation (SATS), ARRIS International PLC (ARRS), Brocade Communications Systems (BRCD), Lumentum Holdings (LITE), ViaSat (VSAT), Ciena Corporation (CIEN), Belden (BDC), Finisar Corporation (FNSR), InterDigital (IDCC), Viavi Solutions (VIAV), West Corporation (WSTC), Infinera Corporation (INFN) 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 many different of institutional and retail investors. Top institutional shareholders include Ardevora Asset Management LLP (0.34%), Prentiss Smith & Co. Inc. (0.08%), Sit Investment Associates Inc. (0.05%), Baltimore Washington Financial Advisors Inc. (0.05%), Creative Planning (0.02%) and Deane Retirement Strategies Inc. (0.02%). 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 Deane Retirement Strategies Inc., Bank of Montreal Can, US Bancorp DE, Prentiss Smith & Co. Inc., Baltimore Washington Financial Advisors Inc., D. Scott Neal Inc. and Sit Investment Associates 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 acquired by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Xact Kapitalforvaltning AB, Mn Services Vermogensbeheer B.V., Aperio Group LLC, Creative Planning, NN Investment Partners Holdings N.V., Sapphire Star Partners LP and Winslow Evans & Crocker Inc.. 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 $152.92.