Grufity logoGrufity logo

ANET

135.04USD-4.74(-3.39%)Market Closed

Arista Networks Inc

Market Summary

USD135.04-4.74Market Closed
-3.39%

ANET Alerts

ANET Stock Price

RSI Chart

Valuation

Market Cap

37.0B

Price/Earnings

35.71

Price/Sales

10.55

Price/Cashflow

45.29

MarketCap/EBT

31.49

Price/Sales

Profitability

EBT Margin

33.51%

Return on Equity

25.84%

Return on Assets

17.77%

Fundamentals

Revenue

Revenue (TTM)

3.9B

Revenue Y/Y

57.18%

Revenue Q/Q

11.87%

Earnings

Earnings (TTM)

1.2B

Earnings Y/Y

57.82%

Earnings Q/Q

18.36%

Price Action

52 Week Range

148.57
(Low)(High)

Last 7 days

-0.5%

Last 30 days

8%

Last 90 days

15.1%

Trailing 12 Months

9.5%

Financial Health

Current Ratio

3.7

Investor Care

Buy Backs (1Y)

0.56%

Diluted EPS (TTM)

3.67

Peers (Alternatives to Arista Networks)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
187.5B
52.3B
11.51% -8.71%
15.88
3.64
2.95% 0.92%
41.7B
8.5B
13.67% 9.13%
34.7
4.93
7.28% 4.25%
37.0B
3.9B
8.00% 9.54%
35.71
10.55
41.78% 48.45%
21.2B
1.7B
-9.97% -0.08%
55.88
12.51
-10.87% -42.64%
10.0B
5.2B
9.13% 6.65%
23.62
1.94
10.61% 181.21%
MID-CAP
8.7B
2.7B
10.41% -32.33%
25.19
3.23
3.55% -2.74%
5.1B
1.8B
-24.88% -35.54%
25.63
2.98
1.85% -71.58%
3.5B
1.3B
-23.58% -26.26%
222.61
2.67
2.80% 678.09%
3.1B
2.8B
-11.80% -19.24%
-74.54
1.11
8.62% -195.17%
2.8B
8.9B
-33.33% -15.72%
-6.78
0.32
3.52% -19.87%
2.3B
1.1B
17.24% 49.33%
53.07
2.05
9.70% 88.36%
SMALL-CAP
1.4B
388.2M
10.08% 83.68%
110.1
3.88
25.79% 86.99%
570.4M
934.6M
10.22% -23.17%
-9.98
0.58
-27.21% -178.61%
528.2M
291.1M
21.37% -11.72%
77.7
1.85
-14.37% -75.02%
170.8M
133.7M
4.30% -27.49%
-31.85
1.32
63.03% 21.46%

Financials for Arista Networks

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue12.2%3,9303,5023,1582,9482,772
Gross Profit10.5%2,4302,1982,0091,8811,773
Operating Expenses4.5%1,1061,0591,013956919
  S&GA Expenses3.8%316305296286279
  R&D Expenses5.3%696661626587563
Earnings Before Taxes16.1%1,3631,1741,032931864
Net Income12.5%1,1651,035933841785
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets5.8%6,1625,8256,1085,7345,437
  Current Assets6.4%5,0324,7295,1054,8134,524
    Cash Equivalents46.1%721493635621631
  Inventory29.0%1,101853694650576
  Net PPE5.0%9692877975
  Goodwill-0.9%271273217188188
Liabilities-2.3%1,7771,8191,9551,7561,572
  Current Liabilities-1.8%1,2551,2781,3691,110893
Shareholder's Equity9.5%4,3854,0064,1533,9793,865
  Retained Earnings12.7%2,7152,4082,5932,4572,394
  Additional Paid-In Capital4.8%1,7181,6391,5911,5301,474
Accumulated Depreciation4.7%150144138133128
Shares Outstanding0.3%306304308308308
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-17.0%6788169781,016978
  Share Based Compensation6.0%217205200187176
Cashflow From Investing174.2%235-316.52-780.23-925.56-1,139.69
Cashflow From Financing8.4%-820.84-895.76-404.92-360.88-177.92
  Buy Backs-9.3%844930447412236

Risks

What is the probability of a big loss on ANET?

68.8%


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

52.7%


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.

Returns

Cumulative Returns on ANET

32.8%


7-Year Cumulative Returns

18.8%


5-Year Cumulative Returns

41.2%


3-Year Cumulative Returns

What are the long-term rolling returns for ANET?

FIve years rolling returns for Arista Networks.

Which funds bought or sold ANET recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
NEW
-
450,000
450,000
0.46%
2022-11-23
Toroso Investments, LLC
ADDED
4.12
137,000
679,000
0.03%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
2,599,000
2,599,000
0.03%
2022-11-22
Seaport Global Advisors, LLC
-
-
153,000
465,000
1.90%
2022-11-22
CVA Family Office, LLC
-
-
43,000
69,000
0.02%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
28.62
299,000
845,000
0.03%
2022-11-22
Capital Impact Advisors, LLC
-
-
-9,000
398,000
0.40%
2022-11-21
FourThought Financial, LLC
-
-
-30,000
372,000
0.06%
2022-11-21
Bray Capital Advisors
-
-
18,000
102,000
0.03%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
7,270,000
45,766,000
0.08%

1–10 of 46

Latest Funds Activity

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

Arista Networks News

MarketWatch

VeriSign Inc. stock falls Friday, underperforms market.30 hours ago

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

69.92

-48.22%

105.21

-22.09%

173.50

28.48%

286.31

112.02%

359.91

166.52%

Current Inflation

63.68

-52.84%

93.66

-30.64%

150.94

11.77%

246.84

82.79%

308.31

128.31%

Very High Inflation

56.07

-58.48%

79.97

-40.78%

124.80

-7.58%

201.42

49.16%

249.31

84.62%

Historical Arista Networks Fair Value Estimates


Recent SEC filings of Arista Networks

View All Filings
Date Filed Form Type Document
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading

Latest Insider Trading transactions for ANET

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-21
Ullal Jayshree
SOLD FOR TAXES
-1,982,130
134.61
-14,725
President and CEO
2022-11-21
CHEW LEWIS
ACQUIRED
-
-
510
-
2022-11-21
Ullal Jayshree
ACQUIRED
-
-
29,697
President and CEO
2022-11-21
TEMPLETON MARK B
ACQUIRED
-
-
510
-
2022-11-21
Battles Kelly Bodnar
ACQUIRED
-
-
510
-
2022-11-21
Brennan Ita M
ACQUIRED
-
-
13,618
Senior Vice President, CFO
2022-11-21
Taxay Marc
ACQUIRED
-
-
11,393
SVP and General Counsel
2022-11-21
Duda Kenneth
ACQUIRED
-
-
14,049
CTO and SVP Software Eng.
2022-11-21
Brennan Ita M
SOLD FOR TAXES
-909,291
134.61
-6,755
Senior Vice President, CFO
2022-11-21
Wassenaar Yvonne
ACQUIRED
-
-
577
-

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

2022-09-30
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:    
Total revenue$ 1,176,801$ 748,697$ 3,105,758$ 2,123,578
Cost of revenue:    
Total cost of revenue466,821270,0821,198,668765,513
Gross profit709,980478,6151,907,0901,358,065
Operating expenses:    
Research and development187,807153,093537,971428,873
Sales and marketing81,40169,740241,512211,385
General and administrative23,42522,48869,42058,856
Total operating expenses292,633245,321848,903699,114
Income from operations417,347233,2941,058,187658,951
Other income (expense), net6,8171,34637,7644,640
Income before income taxes424,164234,6401,095,951663,591
Provision for income taxes70,16510,335170,59462,032
Net income$ 353,999$ 224,305$ 925,357$ 601,559
Net income per share    
Basic (in dollars per share)[1]$ 1.16$ 0.73$ 3.02$ 1.96
Diluted (in dollars per share)[1]$ 1.13$ 0.70$ 2.92$ 1.89
Weighted-average shares used in computing net income per share    
Basic (in shares)[1]304,931307,456306,576306,176
Diluted (in shares)[1]314,401319,636316,745318,976
Product    
Revenue:    
Total revenue$ 1,008,689$ 604,160$ 2,619,213$ 1,709,772
Cost of revenue:    
Total cost of revenue432,569243,3421,102,012687,554
Service    
Revenue:    
Total revenue168,112144,537486,545413,806
Cost of revenue:    
Total cost of revenue$ 34,252$ 26,740$ 96,656$ 77,959
[1]Prior periods have been adjusted to reflect the four-for-one stock split effected in the form of a stock dividend in November 2021.

ANET Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:  
Cash and cash equivalents$ 716,253$ 620,813
Marketable securities2,263,8182,787,502
Accounts receivable, net651,512516,509
Inventories1,100,550650,117
Prepaid expenses and other current assets299,545237,735
Total current assets5,031,6784,812,676
Property and equipment, net96,44978,634
Acquisition-related intangible assets, net131,52093,555
Goodwill271,018188,397
Investments39,67720,247
Operating lease right-of-use assets58,20565,182
Deferred tax assets473,808442,295
Other assets59,65533,443
TOTAL ASSETS6,162,0105,734,429
CURRENT LIABILITIES:  
Accounts payable278,469202,636
Accrued liabilities240,609226,643
Deferred revenue607,189593,578
Other current liabilities128,64586,972
Total current liabilities1,254,9121,109,829
Income taxes payable82,16769,916
Operating lease liabilities, non-current47,06756,527
Deferred revenue, non-current333,855335,734
Deferred tax liabilities, non-current0129,074
Other long-term liabilities58,79154,749
TOTAL LIABILITIES1,776,7921,755,829
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 September 30, 2022 and December 31, 202100
Common stock, $0.0001 par value—1,000,000 shares authorized as of September 30, 2022 and December 31, 2021; 305,515 and 307,681 shares issued and outstanding as of September 30, 2022 and December 31, 20213131
Additional paid-in capital1,717,6051,530,046
Retained earnings2,714,7112,456,823
Accumulated other comprehensive income (loss)(47,129)(8,300)
TOTAL STOCKHOLDERS’ EQUITY4,385,2183,978,600
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$ 6,162,010$ 5,734,429