ANET - Arista Networks Inc Stock Price, Fair Value and News

319.89USD-0.20 (-0.06%)Market Closed

Market Summary

USD319.89-0.20

Market Closed

-0.06%

ANET Alerts

5 major insider sales recently.

Big jump in Earnings (Y/Y)

ANET Stock Price

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ANET RSI Chart

ANET Valuation

Market Cap

100.2B

Price/Earnings (Trailing)

43.8

Price/Sales (Trailing)

16.49

EV/EBITDA

36.3

Price/Free Cashflow

46.94

ANET Price/Sales (Trailing)

ANET Profitability

Operating Margin

91.57%

EBT Margin

43.55%

Return on Equity

29.11%

Return on Assets

21.69%

Free Cashflow Yield

2.13%

ANET Fundamentals

ANET Revenue

Revenue (TTM)

6.1B

Rev. Growth (Yr)

16.28%

Rev. Growth (Qtr)

2.01%

ANET Earnings

Earnings (TTM)

2.3B

Earnings Growth (Yr)

46.1%

Earnings Growth (Qtr)

3.92%

Breaking Down ANET Revenue

Last 7 days

1.9%

Last 30 days

23.4%

Last 90 days

22.2%

Trailing 12 Months

126.1%

How does ANET drawdown profile look like?

ANET Financial Health

Current Ratio

5.01

ANET Investor Care

Shares Dilution (1Y)

1.65%

Diluted EPS (TTM)

7.19

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	6.1B	0	0	0
2023	4.9B	5.3B	5.6B	5.9B
2022	3.2B	3.5B	3.9B	4.4B
2021	2.5B	2.6B	2.8B	2.9B
2020	2.3B	2.3B	2.2B	2.3B
2019	2.3B	2.4B	2.5B	2.4B
2018	1.8B	1.9B	2.0B	2.2B
2017	1.2B	1.4B	1.5B	1.6B
2016	900.7M	973.9M	1.0B	1.1B
2015	645.9M	703.5M	765.6M	837.6M
2014	417.1M	471.5M	525.4M	584.1M
2013	0	249.3M	305.3M	361.2M
2012	0	0	0	193.4M

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Arista Networks Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 07, 2024	battles kelly bodnar	sold	-97,867	274	-356	-
May 02, 2024	mccool john f	acquired	33,805	57.886	584	chief platform officer
May 02, 2024	ullal jayshree	sold	-388,156	258	-1,500	president and ceo
May 02, 2024	mccool john f	sold	-150,830	258	-584	chief platform officer
May 02, 2024	ullal jayshree	acquired	87,860	58.5734	1,500	president and ceo
May 01, 2024	mccool john f	acquired	25,396	61.05	416	chief platform officer
May 01, 2024	mccool john f	sold	-105,889	254	-416	chief platform officer
May 01, 2024	giancarlo charles h	sold	-511,669	255	-2,000	-
May 01, 2024	taxay marc	sold	-265,740	254	-1,044	svp and general counsel
May 01, 2024	taxay marc	acquired	61,890	59.2825	1,044	svp and general counsel

Which funds bought or sold ANET recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	Arete Wealth Advisors, LLC	sold off	-100	-644,591	-	-%
May 16, 2024	Ancora Advisors LLC	unchanged	-	9,424	50,167	-%
May 16, 2024	Meiji Yasuda Life Insurance Co	reduced	-3.66	440,330	2,805,560	0.06%
May 16, 2024	B. Riley Wealth Advisors, Inc.	reduced	-7.26	-666,939	1,751,750	0.05%
May 16, 2024	Tidal Investments LLC	added	62.15	4,872,720	9,763,320	0.16%
May 16, 2024	JANE STREET GROUP, LLC	added	16.7	21,797,700	71,688,600	0.01%
May 16, 2024	LBP AM SA	reduced	-71.53	-1,524,360	822,963	0.03%
May 16, 2024	Pineridge Advisors LLC	unchanged	-	218	1,160	-%
May 16, 2024	Global Financial Private Client, LLC	unchanged	-	4,690	21,882	0.01%
May 16, 2024	Motley Fool Asset Management LLC	added	13.26	853,503	3,016,660	0.20%

Are Funds Buying or Selling ANET?

Are funds buying ANET calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ANET

No. of Funds

Unveiling Arista Networks Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	9.48%	29,493,855	SC 13G/A
Jan 31, 2024	bechtolsheim family trust	14.7%	45,940,474	SC 13G/A
Jan 29, 2024	blackrock inc.	5.9%	18,421,152	SC 13G/A
Feb 09, 2023	vanguard group inc	8.84%	27,025,757	SC 13G/A
Feb 03, 2023	bechtolsheim family trust	14.96%	45,925,483	SC 13G/A
Feb 01, 2023	blackrock inc.	6.0%	18,362,100	SC 13G/A
Feb 11, 2022	bechtolsheim family trust	15.61%	48,028,929	SC 13G/A
Feb 09, 2022	vanguard group inc	8.11%	24,915,335	SC 13G/A
Feb 08, 2022	2010 david r cheriton irrevocable trust dtd july 28, 2010	3.88%	11,960,000	SC 13G/A
Feb 07, 2022	blackrock inc.	5.6%	17,330,539	SC 13G/A

Recent SEC filings of Arista Networks Inc

View All Filings

Date Filed	Form Type	Document
May 17, 2024	4	Insider Trading
May 16, 2024	144	Notice of Insider Sale Intent
May 15, 2024	144	Notice of Insider Sale Intent
May 15, 2024	4	Insider Trading
May 14, 2024	4	Insider Trading
May 13, 2024	144	Notice of Insider Sale Intent
May 10, 2024	144	Notice of Insider Sale Intent
May 09, 2024	4	Insider Trading
May 08, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report

Peers (Alternatives to Arista Networks Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSCO	195.2B	57.2B	0.84%	-0.02%	14.52	3.41	7.66%	18.93%
ANET	100.2B	6.1B	23.38%	126.13%	43.8	16.49	25.22%	50.89%
HPQ	30.6B	53.1B	12.68%	1.50%	8.95	0.58	-11.04%	34.01%
HPE	23.2B	29.1B	4.87%	23.94%	11.47	0.8	2.24%	133.29%
LOGI	13.8B	4.3B	13.89%	41.09%	22.55	3.21	-5.30%	67.91%
JNPR	11.3B	5.3B	-5.04%	17.70%	50.26	2.11	-2.96%	-55.26%
MID-CAP
UI	8.8B	1.9B	37.99%	-15.28%	25.3	4.63	1.03%	-11.76%
BDC	3.8B	2.4B	13.60%	9.12%	21.17	1.58	-8.79%	-36.23%
LITE	3.1B	1.4B	9.65%	-2.83%	-8.78	2.19	-21.81%	-865.12%
SMALL-CAP
EXTR	1.5B	1.2B	4.94%	-36.59%	-239.63	1.24	-0.19%	-110.91%
AAOI	456.4M	205.3M	-2.09%	570.29%	-7.25	2.22	-8.19%	5.55%
ADTN	417.7M	1.1B	13.55%	-38.68%	-0.76	0.4	-12.01%	-1246.95%
ALOT	135.5M	148.1M	4.92%	16.09%	28.87	0.92	3.90%	76.40%
AIRG	56.5M	53.8M	-4.90%	-	-4.7	1.05	-28.06%	-33.67%
AKTS	34.5M	29.9M	-30.00%	-88.82%	-0.45	1.16	39.86%	-24.01%

Arista Networks Inc News

Latest updates

Arista Networks Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	2.0%	1,571	1,540	1,509	1,459	1,351	1,276	1,177	1,052	877	824	749	707	668	648	605	541	523	553	654	608	595
Gross Profit	0.2%	1,001	999	942	884	805	769	710	643	554	523	479	454	425	415	385	344	338	356	417	390	381
Operating Expenses	-5.0%	341	359	340	354	320	300	293	280	276	257	245	235	219	220	197	177	189	180	189	183	186
S&GA Expenses	-0.4%	105	106	102	98.00	93.00	85.00	81.00	79.00	81.00	75.00	70.00	71.00	71.00	68.00	53.00	51.00	57.00	55.00	55.00	53.00	51.00
R&D Expenses	-1.5%	208	211	212	230	201	190	188	178	172	158	153	143	132	134	128	112	113	110	119	114	120
EBITDA Margin	4.9%	0.44*	0.42*	0.41*	0.39*	0.38*	0.37*	0.36*	0.35*	0.34*	0.33*	0.32*	0.33*	-	-	-	-	-	-	-	-	-
Interest Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Taxes	5.3%	85.00	81.00	99.00	95.00	60.00	59.00	70.00	63.00	37.00	28.00	10.00	24.00	28.00	17.00	33.00	30.00	23.00	-73.52	39.00	31.00	6.00
Earnings Before Taxes	4.1%	723	694	645	586	497	486	424	362	309	267	235	221	208	200	202	175	162	187	248	221	207
EBT Margin	5.4%	0.44*	0.41*	0.40*	0.38*	0.36*	0.36*	0.35*	0.34*	0.33*	0.32*	0.31*	0.32*	-	-	-	-	-	-	-	-	-
Net Income	3.9%	638	614	545	492	436	427	354	299	272	239	224	197	180	183	168	145	138	261	209	189	201
Net Income Margin	5.7%	0.38*	0.36*	0.34*	0.32*	0.31*	0.31*	0.30*	0.30*	0.30*	0.29*	0.28*	0.28*	-	-	-	-	-	-	-	-	-
Free Cashflow	-	504	-	688	423	369	30.00	124	92.00	202	179	227	259	250	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	6.1%	10,550	9,947	9,069	8,186	7,543	6,775	6,162	5,825	6,108	5,734	5,437	5,208	4,894	4,739	4,399	4,336	4,112	4,185	3,620	3,441	3,332
Current Assets	6.4%	8,926	8,390	7,655	6,852	6,271	5,551	5,032	4,729	5,105	4,813	4,524	4,328	4,003	3,837	3,654	3,577	3,337	3,472	3,240	3,029	2,901
Cash Equivalents	8.0%	2,093	1,939	1,749	1,262	956	672	721	498	639	625	635	898	848	897	975	804	766	1,116	1,095	944	809
Inventory	4.1%	2,025	1,945	1,894	1,864	1,683	1,290	1,101	853	694	650	576	543	483	480	438	327	262	244	240	314	347
Net PPE	-3.6%	98.00	102	103	102	97.00	95.00	96.00	92.00	87.00	79.00	75.00	32.00	32.00	32.00	33.00	35.00	38.00	39.00	40.00	41.00	42.00
Goodwill	0%	269	269	269	269	266	266	271	273	217	188	188	188	188	190	85.00	85.00	85.00	55.00	55.00	54.00	54.00
Liabilities	-1.5%	2,688	2,728	2,563	2,328	2,214	1,890	1,777	1,819	1,955	1,756	1,572	1,510	1,442	1,419	1,315	1,299	1,263	1,291	964	916	932
Current Liabilities	-6.6%	1,783	1,910	1,847	1,656	1,585	1,294	1,255	1,278	1,369	1,110	893	860	787	768	665	640	573	597	548	525	543
Shareholder's Equity	8.9%	7,862	7,219	6,506	5,858	5,329	4,886	4,385	4,006	4,153	3,979	3,865	3,698	3,451	3,320	3,084	3,036	2,849	2,895	2,656	2,526	2,400
Retained Earnings	11.2%	5,689	5,114	4,500	3,955	3,493	3,139	2,715	2,408	2,593	2,457	2,394	2,304	2,107	2,028	1,845	1,844	1,699	1,788	1,579	1,485	1,396
Additional Paid-In Capital	3.6%	2,185	2,108	2,028	1,928	1,857	1,781	1,718	1,639	1,591	1,530	1,474	1,395	1,346	1,292	1,240	1,185	1,149	1,106	1,077	1,039	1,005
Accumulated Depreciation	4.6%	197	188	181	173	164	157	150	144	138	133	128	123	120	115	110	105	100	97.00	93.00	88.00	83.00
Shares Outstanding	0.4%	314	312	311	309	308	307	305	307	308	307	307	306	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	40,800	-	-	-	23,074	-	-	-	21,909	-	-	-	12,365	-	-	-	15,382	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-2.4%	514	526	699	434	374	40.00	134	101	217	225	273	263	255	187	215	138	195	327	269	196	170
Share Based Compensation	-5.1%	77.00	81.00	85.00	67.00	63.00	65.00	65.00	50.00	50.00	51.00	53.00	45.00	38.00	40.00	36.00	33.00	28.00	26.00	26.00	24.00	24.00
Cashflow From Investing	12.3%	-295	-336	-225	-102	-21.75	-82.82	126	246	-72.61	-64.20	-425	-218	-217	-278	102	-103	-329	-264	-14.53	30.00	-35.22
Cashflow From Financing	-4647.7%	-63.05	-1.33	15.00	-29.23	-68.40	-4.66	-34.24	-485	-129	-170	-109	5.00	-85.77	12.00	-148	3.00	-212	-48.45	-102	-91.04	24.00
Buy Backs	-	63.00	-	-	30.00	82.00	3.00	48.00	484	136	176	134	-	101	-	167	-	228	52.00	115	100	-

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ANET Income Statement

2024-03-31

Condensed Consolidated Income Statements - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 1,571,374	$ 1,351,351
Cost of revenue:
Total cost of revenue	569,995	546,844
Gross profit	1,001,379	804,507
Operating expenses:
Research and development	208,395	201,408
Sales and marketing	105,080	93,492
General and administrative	27,763	25,029
Total operating expenses	341,238	319,929
Income from operations	660,141	484,578
Other income (expense), net	62,620	12,146
Income before income taxes	722,761	496,724
Provision for income taxes	85,069	60,251
Net income	$ 637,692	$ 436,473
Earnings Per Share [Abstract]
Basic (in dollars per share)	$ 2.04	$ 1.42
Diluted (in dollars per share)	$ 1.99	$ 1.38
Weighted-average shares used in computing net income per share:
Basic (in shares)	313,032	306,985
Diluted (in shares)	319,865	315,578
Product
Revenue:
Total revenue	$ 1,328,845	$ 1,172,094
Cost of revenue:
Total cost of revenue	521,679	508,862
Service
Revenue:
Total revenue	242,529	179,257
Cost of revenue:
Total cost of revenue	$ 48,316	$ 37,982

ANET Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 2,092,101	$ 1,938,606
Marketable securities	3,357,597	3,069,362
Accounts receivable, net	1,090,041	1,024,569
Inventories	2,025,204	1,945,180
Prepaid expenses and other current assets	361,340	412,518
Total current assets	8,926,283	8,390,235
Property and equipment, net	97,949	101,580
Acquisition-related intangible assets, net	82,078	88,768
Goodwill	268,531	268,531
Deferred tax assets	1,025,861	945,792
Other assets	149,477	151,900
TOTAL ASSETS	10,550,179	9,946,806
CURRENT LIABILITIES:
Accounts payable	223,305	435,059
Accrued liabilities	270,586	407,302
Deferred revenue	997,914	915,204
Other current liabilities	291,259	152,041
Total current liabilities	1,783,064	1,909,606
Income taxes payable	107,179	95,751
Deferred revenue, non-current	665,328	591,000
Other long-term liabilities	132,293	131,390
TOTAL LIABILITIES	2,687,864	2,727,747
Commitments and contingencies (Note 5)
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.0001 par value—100,000 shares authorized and no shares issued and outstanding as of March 31, 2024 and December 31, 2023	0	0
Common stock, $0.0001 par value—1,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 313,601 and 312,245 shares issued and outstanding as of March 31, 2024 and December 31, 2023	31	31
Additional paid-in capital	2,185,149	2,108,331
Retained earnings	5,689,064	5,114,025
Accumulated other comprehensive income (loss)	(11,929)	(3,328)
TOTAL STOCKHOLDERS’ EQUITY	7,862,315	7,219,059
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 10,550,179	$ 9,946,806

About Arista Networks Inc

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, telecommunication service providers, 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.

CEO	Ms. Jayshree V. Ullal
WEBSITE	arista.com
INDUSTRY	Computer Hardware
EMPLOYEES	3612

Arista Networks Inc Frequently Asked Questions

What is the ticker symbol for Arista Networks Inc? What does ANET stand for in stocks?

ANET is the stock ticker symbol of Arista Networks Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Arista Networks Inc (ANET)?

As of Fri May 17 2024, market cap of Arista Networks Inc is 100.24 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ANET stock?

You can check ANET's fair value in chart for subscribers.

What is the fair value of ANET stock?

You can check ANET's fair value in chart for subscribers. The fair value of Arista Networks Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Arista Networks Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ANET so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Arista Networks Inc a good stock to buy?

The fair value guage provides a quick view whether ANET is over valued or under valued. Whether Arista Networks Inc is cheap or expensive depends on the assumptions which impact Arista Networks Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ANET.

What is Arista Networks Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, ANET's PE ratio (Price to Earnings) is 43.8 and Price to Sales (PS) ratio is 16.49. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ANET PE ratio will change depending on the future growth rate expectations of investors.