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Arista Networks Inc Stock Research

ANET

162.68USD+8.88(+5.77%)Market Closed

Market Summary

USD162.68+8.88
Market Closed
5.77%

ANET Alerts

ANET Stock Price

ANET RSI Chart

ANET Valuation

Market Cap

49.9B

Price/Earnings (Trailing)

36.91

Price/Sales (Trailing)

11.39

EV/EBITDA

29.95

Price/Free Cashflow

111.63

ANET Price/Sales (Trailing)

ANET Profitability

EBT Margin

36.10%

Return on Equity

27.68%

Return on Assets

19.96%

Free Cashflow Yield

0.9%

ANET Fundamentals

ANET Revenue

Revenue (TTM)

4.4B

Revenue Y/Y

54.71%

Revenue Q/Q

8.39%

ANET Earnings

Earnings (TTM)

1.4B

Earnings Y/Y

78.48%

Earnings Q/Q

20.65%

Price Action

52 Week Range

89.12164.26
(Low)(High)

Last 7 days

3.6%

Last 30 days

13.1%

Last 90 days

22.5%

Trailing 12 Months

26.9%

ANET Financial Health

Current Ratio

4.29

ANET Investor Care

Buy Backs (1Y)

0.26%

Diluted EPS (TTM)

4.27

Peers (Alternatives to Arista Networks)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
205.2B
53.2B
2.51% -9.53%
18.16
3.86
3.13% -4.42%
49.9B
4.4B
13.09% 26.94%
36.91
11.39
48.62% 60.84%
45.0B
9.1B
-4.73% 15.58%
33.01
4.94
11.52% 9.48%
16.2B
1.8B
-7.22% 3.60%
46.46
9.03
-2.33% -35.05%
MID-CAP
10.2B
5.3B
-1.89% -10.10%
21.65
1.92
11.95% 86.39%
8.5B
2.7B
-5.73% -28.67%
28.14
3.13
1.62% -10.71%
3.5B
1.8B
-15.26% -43.44%
121.02
1.89
7.24% -92.58%
2.6B
3.0B
12.01% -25.05%
-20.14
0.89
18.78% -488.35%
2.3B
1.2B
-9.04% -34.19%
30.54
1.88
-0.83% 25466.67%
2.3B
1.2B
-9.87% 54.36%
46.81
1.93
9.22% 22.38%
SMALL-CAP
1.3B
9.2B
-26.59% -14.07%
-1.01
0.14
7.47% -178.19%
1.2B
413.3M
-4.01% 69.00%
48.48
2.81
29.25% 102.15%
514.6M
932.5M
-9.20% -25.11%
-7.46
0.55
-20.17% -239.69%
493.0M
296.9M
-17.34% -22.91%
24.41
1.66
-11.60% -46.02%
146.5M
131.6M
-24.19% -35.91%
-29.62
1.11
32.72% 28.95%

Financials for Arista Networks

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue11.5%4,3813,9303,5023,1582,948
Gross Profit10.1%2,6762,4302,1982,0091,881
Operating Expenses3.9%1,1491,1061,0591,013956
  S&GA Expenses3.4%327316305296286
  R&D Expenses4.7%728696661626587
EBITDA17.3%1,6441,4021,2101,068-
EBITDA Margin5.2%0.38*0.36*0.35*0.34*-
Earnings Before Taxes16.0%1,5821,3631,1741,032931
EBT Margin4.1%0.36*0.35*0.34*0.33*-
Net Income16.1%1,3521,1651,035933841
Net Income Margin4.2%0.31*0.30*0.30*0.30*-
Free Cahsflow-29.2%447632723891-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets10.0%6,7756,1625,8256,1085,734
  Current Assets10.3%5,5515,0324,7295,1054,813
    Cash Equivalents-6.2%672716493635621
  Inventory17.2%1,2901,101853694650
  Net PPE-1.5%95.0096.0092.0087.0079.00
  Goodwill-1.9%266271273217188
Liabilities6.3%1,8901,7771,8191,9551,756
  Current Liabilities3.1%1,2941,2551,2781,3691,110
Shareholder's Equity11.4%4,8864,3854,0064,1533,979
  Retained Earnings15.6%3,1392,7152,4082,5932,457
  Additional Paid-In Capital3.7%1,7811,7181,6391,5911,530
Accumulated Depreciation4.3%157150144138133
Shares Outstanding0.5%307306304308308
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-27.3%4936788169781,016
  Share Based Compensation6.3%231217205200187
Cashflow From Investing-7.9%216235-316-780-925
Cashflow From Financing20.3%-654-820-895-404-360
  Buy Backs-20.5%670844930447412

Risks for ANET

What is the probability of a big loss on ANET?

74.6%


Probability that Arista Networks stock will be more than 20% underwater in next one year

58.5%


Probability that Arista Networks stock will be more than 30% underwater in next one year.

14.2%


Probability that Arista Networks stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ANET drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Arista Networks was unfortunately bought at previous high price.

Drawdowns

Returns for ANET

Cumulative Returns on ANET

40.2%


7-Year Cumulative Returns

15.9%


5-Year Cumulative Returns

51.6%


3-Year Cumulative Returns

What are the long-term rolling returns for ANET?

FIve years rolling returns for Arista Networks.

Annualized Returns

Which funds bought or sold ANET recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
6.95
125,678
970,678
0.03%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-11.68
-3,200,000
60,010,000
0.07%
2023-03-10
MATHER GROUP, LLC.
added
0.31
22,200
309,200
0.01%
2023-03-06
Rockefeller Capital Management L.P.
added
7.46
187,000
1,391,000
0.01%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
114,312
114,312
-%
2023-02-28
Voya Investment Management LLC
added
0.44
15,254,500
171,153,000
0.24%
2023-02-28
Mezzasalma Advisors, LLC
reduced
-1.63
127,269
2,343,270
2.04%
2023-02-27
ST GERMAIN D J CO INC
new
-
15,776
15,776
-%
2023-02-24
National Pension Service
added
2.25
3,206,050
42,615,400
0.08%
2023-02-24
SRS Capital Advisors, Inc.
unchanged
-
214
1,214
-%

1–10 of 47

Latest Funds Activity

Are funds buying ANET calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own ANET
No. of Funds

Arista Networks News

DailyWealth

How the Silicon Valley 'Bailout' Saved the Mortgage Market ....

DailyWealth,
7 minutes ago

Investor's Business Daily

AI Stocks: In Case You Missed It This Week.

Investor's Business Daily,
2 days ago

Investor's Business Daily

Schedule 13G FIlings of Arista Networks

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 12, 2021
2010 david r cheriton irrevocable trust dtd july 28, 2010
5.56%
4,217,061
SC 13G/A
Feb 12, 2021
bechtolsheim family trust
16.76%
12,728,506
SC 13G/A
Feb 10, 2021
vanguard group inc
7.67%
5,806,247
SC 13G/A

ANET Fair Value

Arista Networks fair value in different scenarios

The table shows the Fair Value estimates for Arista Networks for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

92.18

-43.34%

126.12

-22.47%

229.05

40.80%

400.56

146.23%

521.20

220.38%
Current Inflation

84.63

-47.98%

113.88

-30.00%

201.99

24.16%

347.34

113.51%

449.00

176.00%
Very High Inflation

75.30

-53.71%

99.07

-39.10%

170.08

4.55%

285.64

75.58%

365.84

124.88%

Historical Arista Networks Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Arista Networks

View All Filings
Date Filed Form Type Document
Mar 16, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading

Latest Insider Trading transactions for ANET

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-10
Duda Kenneth
sold
-2,946,630
147
-20,000
cto and svp software eng.
2023-03-10
Duda Kenneth
acquired
153,350
7.6675
20,000
cto and svp software eng.
2023-03-10
Duda Kenneth
sold
-2,357,290
147
-16,000
cto and svp software eng.
2023-03-09
Sadana Anshul
sold
-1,500,310
150
-10,000
svp, chief operating officer
2023-03-09
Sadana Anshul
acquired
173,220
17.3221
10,000
svp, chief operating officer
2023-03-09
Brennan Ita M
acquired
591,001
59.1001
10,000
senior vice president, cfo
2023-03-09
Brennan Ita M
sold
-1,500,260
150
-10,000
senior vice president, cfo
2023-03-08
Ullal Jayshree
sold
-14,781,500
147
-100,000
president and ceo
2023-03-08
Ullal Jayshree
sold
-2,956,300
147
-20,000
president and ceo

1–10 of 50

Jayshree V. Ullal
2990
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.

ANET Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:   
Total revenue$ 4,381,310$ 2,948,037$ 2,317,512
Cost of revenue:   
Total cost of revenue1,705,6141,067,258835,626
Gross profit2,675,6961,880,7791,481,886
Operating expenses:   
Research and development728,394586,752486,594
Sales and marketing326,955286,171229,366
General and administrative93,24183,11766,242
Total operating expenses1,148,590956,040782,202
Income from operations1,527,106924,739699,684
Other income, net54,6906,14039,179
Income before income taxes1,581,796930,879738,863
Provision for income taxes229,35090,025104,306
Net income$ 1,352,446$ 840,854$ 634,557
Earnings per share   
Basic (in dollars per share)$ 4.41$ 2.74$ 2.09
Diluted (in dollars per share)$ 4.27$ 2.63$ 2.00
Weighted-average common shares outstanding   
Basic (in shares)306,473306,512303,936
Diluted (in shares)316,459319,238317,860
Product   
Revenue:   
Total revenue$ 3,716,079$ 2,377,727$ 1,830,842
Cost of revenue:   
Total cost of revenue1,573,629958,363749,962
Service   
Revenue:   
Total revenue665,231570,310486,670
Cost of revenue:   
Total cost of revenue$ 131,985$ 108,895$ 85,664

ANET Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:  
Cash and cash equivalents$ 671,707$ 620,813
Marketable securities2,352,0222,787,502
Accounts receivable, net923,096516,509
Inventories1,289,706650,117
Prepaid expenses and other current assets314,217237,735
Total current assets5,550,7484,812,676
Property and equipment, net95,00978,634
Acquisition-related intangible assets, net122,20593,555
Goodwill265,924188,397
Investments39,46820,247
Operating lease right-of-use assets53,39065,182
Deferred tax assets574,912442,295
Other assets73,75433,443
TOTAL ASSETS6,775,4105,734,429
CURRENT LIABILITIES:  
Accounts payable232,572202,636
Accrued liabilities292,487226,643
Deferred revenue637,432593,578
Other current liabilities131,04086,972
Total current liabilities1,293,5311,109,829
Income taxes payable89,83969,916
Operating lease liabilities, non-current43,96456,527
Deferred revenue, non-current403,814335,734
Deferred tax liabilities, non-current42129,074
Other long-term liabilities58,40054,749
TOTAL LIABILITIES1,889,5901,755,829
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 December 31, 2022 and 202100
Common stock, $0.0001 par value—1,000,000 shares authorized as of December 31, 2022 and 2021; 306,890 and 307,681 shares issued and outstanding as of December 31, 2022 and 20213131
Additional paid-in capital1,780,7141,530,046
Retained earnings3,138,9832,456,823
Accumulated other comprehensive income (loss)(33,908)(8,300)
TOTAL STOCKHOLDERS’ EQUITY4,885,8203,978,600
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$ 6,775,410$ 5,734,429