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Arista Networks Inc Stock Research

ANET

181.60USD+3.68(+2.07%)Market Closed
Watchlist

Market Summary

USD181.60+3.68
Market Closed
2.07%

ANET Alerts

  • 6 major insider sales recently.
  • Big jump in Revenue (Y/Y)
  • Big jump in Earnings (Y/Y)

ANET Stock Price

ANET RSI Chart

ANET Valuation

Market Cap

56.2B

Price/Earnings (Trailing)

32.86

Price/Sales (Trailing)

10.68

EV/EBITDA

26.84

Price/Free Cashflow

59.37

ANET Price/Sales (Trailing)

ANET Profitability

EBT Margin

36.43%

Return on Equity

28.46%

Return on Assets

20.11%

Free Cashflow Yield

1.68%

ANET Fundamentals

ANET Revenue

Revenue (TTM)

5.3B

Revenue Y/Y

38.7%

Revenue Q/Q

7.96%

ANET Earnings

Earnings (TTM)

1.7B

Earnings Y/Y

64.46%

Earnings Q/Q

12.7%

Price Action

52 Week Range

98.20198.70
(Low)(High)

Last 7 days

-0.6%

Last 30 days

-0.2%

Last 90 days

14.0%

Trailing 12 Months

63.7%

ANET Financial Health

Current Ratio

3.96

ANET Investor Care

Shares Dilution (1Y)

0.85%

Diluted EPS (TTM)

5.41

Historical Charts for Stock Metrics

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

Latest Insider Trading transactions for ANET

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-14
Giancarlo Charles H
sold
-377,044
188
-2,000
-
2023-09-13
Duda Kenneth
gifted
-
-
-119,444
cto and svp software eng.
2023-09-13
Duda Kenneth
gifted
-
-
92,928
cto and svp software eng.
2023-09-13
Duda Kenneth
gifted
-
-
145,960
cto and svp software eng.
2023-09-12
Duda Kenneth
acquired
153,350
7.6675
20,000
cto and svp software eng.
2023-09-12
Battles Kelly Bodnar
sold
-54,427
191
-284
-
2023-09-12
Duda Kenneth
sold
-3,821,740
191
-20,000
cto and svp software eng.
2023-09-12
Duda Kenneth
sold
-3,057,390
191
-16,000
cto and svp software eng.
2023-09-11
Duda Kenneth
sold
-673,692
192
-3,500
cto and svp software eng.

1–10 of 50

Which funds bought or sold ANET recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Baystate Wealth Management LLC
unchanged
-
-627
17,502
-%
2023-09-20
BARCLAYS PLC
added
90.6
33,991,000
74,447,000
0.05%
2023-09-13
CGC Financial Services, LLC
new
-
5,024
5,024
-%
2023-09-12
Prosperity Wealth Management, Inc.
reduced
-33.00
-179,813
329,306
0.21%
2023-09-12
Farther Finance Advisors, LLC
added
5.00
184
13,613
-%
2023-09-05
Westshore Wealth, LLC
sold off
-100
-573,410
-
-%
2023-08-28
Lavaca Capital LLC
unchanged
-
-11,136
311,155
0.09%
2023-08-25
STRATEGY ASSET MANAGERS LLC
added
8.5
48,787
1,075,750
0.24%
2023-08-24
Alberta Investment Management Corp
unchanged
-
-43,500
1,215,450
0.01%
2023-08-23
CTC Alternative Strategies, Ltd.
new
-
583,416
583,416
0.73%

1–10 of 48

Latest Funds Activity

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

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
bechtolsheim family trust
16.76%
12,728,506
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 10, 2021
vanguard group inc
7.67%
5,806,247
SC 13G/A

Recent SEC filings of Arista Networks

View All Filings
Date Filed Form Type Document
Sep 18, 2023
4
Insider Trading
Sep 15, 2023
4
Insider Trading
Sep 14, 2023
144
Notice of Insider Sale Intent
Sep 14, 2023
4
Insider Trading
Sep 14, 2023
4
Insider Trading
Sep 13, 2023
4
Insider Trading
Sep 12, 2023
144
Notice of Insider Sale Intent
Sep 12, 2023
144
Notice of Insider Sale Intent
Sep 12, 2023
144
Notice of Insider Sale Intent
Sep 12, 2023
144
Notice of Insider Sale Intent

ANET Fair Value

Loading...

Peers (Alternatives to Arista Networks)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
216.3B
57.0B
-5.34% 32.51%
17.15
3.8
10.55% 6.78%
56.2B
5.3B
-0.20% 63.72%
32.86
10.68
50.27% 65.17%
45.6B
9.7B
-2.81% 20.97%
30.07
4.72
14.13% 26.10%
8.4B
1.9B
-17.51% -51.09%
20.68
4.34
14.71% 7.65%
MID-CAP
9.3B
2.8B
-0.77% 7.81%
28.13
3.33
4.80% -3.31%
8.7B
5.7B
-2.52% 5.69%
21.23
1.54
15.00% 5.32%
3.1B
1.3B
-3.72% 94.33%
39.85
2.37
17.99% 76.35%
2.9B
1.8B
-14.19% -37.40%
-22.11
1.65
3.18% -166.16%
2.0B
1.1B
-11.75% -30.85%
78.44
1.81
-14.42% 64.52%
1.6B
2.8B
-34.13% -39.15%
1.6
0.6
13.98% 1966.89%
SMALL-CAP
998.4M
438.4M
-13.66% -15.13%
33.7
2.28
21.25% 132.41%
654.8M
8.2B
-5.21% -67.78%
-0.55
0.08
-6.99% -187.07%
349.8M
853.0M
-7.52% -44.25%
-16.24
0.41
-12.52% 62.31%
194.0M
302.6M
-19.20% -56.77%
9.21
0.64
5.89% 210.09%
162.6M
132.2M
14.10% -7.10%
-18.11
1.23
15.62% -67.47%

Arista Networks News

Investor's Business Daily
Nasdaq Pares Losses, Battles Near 13,000 Level; FN, ANET, HAL In ....
Investor's Business Daily,
6 hours ago
InvestorsObserver
Yahoo Finance
Investor's Business Daily

Returns for ANET

Cumulative Returns on ANET

35.7%


7-Year Cumulative Returns

22.3%


5-Year Cumulative Returns

53.6%


3-Year Cumulative Returns

Risks for ANET

What is the probability of a big loss on ANET?

81.9%


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

59.2%


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

Financials for Arista Networks

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue8.4%5,2634,8564,3813,9303,5023,1582,9482,7722,6292,4622,3182,2222,2712,3382,4112,4542,3632,2742,1512,0241,898
Gross Profit8.2%3,1672,9262,6762,4302,1982,0091,8811,7731,6791,5691,4821,4241,4561,5021,5441,5631,5071,4511,3731,3061,225
Operating Expenses6.2%1,2661,1931,1491,1061,0591,0139569198708137827437357417397407321,1221,1001,0861,045
  S&GA Expenses5.5%358340327316305296286279263243229216218220214210203196187175168
  R&D Expenses6.8%809758728696661626587563538506487463453456463471470460442431393
EBITDA-100.0%-1,8211,6441,4021,2101,068981899866833784766810853896------
EBITDA Margin-100.0%-0.37*0.38*0.36*0.35*0.34*0.33*0.32*0.33*0.34*0.34*0.34*0.36*0.36*0.37*------
Interest Expenses----------------1.001.002.003.003.003.00
Earnings Before Taxes12.7%1,9931,7691,5821,3631,1741,032931864831785739726772817862874815353289232185
EBT Margin-100.0%-0.36*0.36*0.35*0.34*0.33*0.32*0.31*0.32*0.32*0.32*0.33*0.34*0.35*0.36*------
Net Income12.7%1,7091,5171,3521,1651,035933841785729676635712753797860769729385328262227
Net Income Margin-100.0%-0.31*0.31*0.30*0.30*0.30*0.29*0.28*0.28*0.27*0.27*0.32*0.33*0.34*0.36*------
Free Cashflow-100.0%-617-632723891942904904782725865917974947912-----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets8.5%8,1867,5436,7756,1625,8256,1085,7345,4375,2084,8944,7394,3994,3364,1124,1853,6203,4413,3323,0822,7982,832
  Current Assets9.3%6,8526,2715,5515,0324,7295,1054,8134,5244,3284,0033,8373,6543,5773,3373,4723,2403,0292,9012,7152,4362,621
    Cash Equivalents31.9%1,2629566727164986396256358988488979758047661,1161,095944809654525711
  Inventory10.8%1,8641,6831,2901,101853694650576543483480438327262244240314347265216245
  Net PPE4.7%10297.0095.0096.0092.0087.0079.0075.0032.0032.0032.0033.0035.0038.0039.0040.0041.0042.0075.0075.0074.00
  Goodwill1.0%26926626627127321718818818818819085.0085.0085.0055.0055.0054.0054.0054.0054.00-
Liabilities5.2%2,3282,2141,8901,7771,8191,9551,7561,5721,5101,4421,4191,3151,2991,2631,2919649169329398521,112
  Current Liabilities4.5%1,6561,5851,2941,2551,2781,3691,110893860787768665640573597548525543607540827
Shareholder's Equity9.9%5,8585,3294,8864,3854,0064,1533,9793,8653,6983,4513,3203,0843,0362,8492,8952,6562,5262,4002,1431,9461,720
  Retained Earnings13.2%3,9553,4933,1392,7152,4082,5932,4572,3942,3042,1072,0281,8451,8441,6991,7881,5791,4851,3961,1951,020852
  Additional Paid-In Capital3.8%1,9281,8571,7811,7181,6391,5911,5301,4741,3951,3461,2921,2401,1851,1491,1061,0771,0391,005957930873
Accumulated Depreciation5.0%17316415715014413813312812312011511010510097.0093.0088.0083.0090.0084.0079.00
Shares Outstanding0.4%309308307306307308308307306305305304303305306306306304303300298
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations51.2%9836504936788169781,016978920795735875930988963932543478503391716
  Share Based Compensation6.9%26024423121720520018717615914713712311310510199.0096.0095.0091.0087.0084.00
Cashflow From Investing-130.4%-81.28267216235-316-780-925-1,139-612-497-608-594-711-578-284-191-263-606-755-775-876
Cashflow From Financing77.0%-136-593-654-820-895-404-360-177-217-219-346-406-361-454-217-167-47.1452.0043.0055.0049.00
  Buy Backs-73.6%163616670844930447412236269269395447394494266215100----

ANET Income Statement

2023-06-30
Condensed Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:    
Total revenue$ 1,458,924$ 1,051,891$ 2,810,275$ 1,928,957
Cost of revenue:    
Total cost of revenue574,795408,6261,121,639731,847
Gross profit884,129643,2651,688,6361,197,110
Operating expenses:    
Research and development229,676178,158431,084350,164
Sales and marketing97,97179,372191,463160,111
General and administrative26,42022,88251,44945,995
Total operating expenses354,067280,412673,996556,270
Income from operations530,062362,8531,014,640640,840
Other income (expense), net56,339(533)68,48530,947
Income before income taxes586,401362,3201,083,125671,787
Provision for income taxes94,51663,221154,767100,429
Net income$ 491,885$ 299,099$ 928,358$ 571,358
Net income per share:    
Basic (in dollars per share)$ 1.59$ 0.98$ 3.02$ 1.86
Diluted (in dollars per share)$ 1.55$ 0.94$ 2.94$ 1.80
Weighted-average shares used in computing net income per share:    
Basic (in shares)308,636306,754307,810307,399
Diluted (in shares)316,485316,581316,031318,040
Product    
Revenue:    
Total revenue$ 1,261,537$ 885,806$ 2,433,631$ 1,610,524
Cost of revenue:    
Total cost of revenue533,613375,6341,042,475669,443
Service    
Revenue:    
Total revenue197,387166,085376,644318,433
Cost of revenue:    
Total cost of revenue$ 41,182$ 32,992$ 79,164$ 62,404

ANET Balance Sheet

2023-06-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:  
Cash and cash equivalents$ 1,261,836$ 671,707
Marketable securities2,479,2902,352,022
Accounts receivable, net779,726923,096
Inventories1,864,3341,289,706
Prepaid expenses and other current assets466,371314,217
Total current assets6,851,5575,550,748
Property and equipment, net101,70595,009
Acquisition-related intangible assets, net103,575122,205
Goodwill268,531265,924
Investments61,78839,468
Operating lease right-of-use assets61,33353,390
Deferred tax assets705,856574,912
Other assets31,69673,754
TOTAL ASSETS8,186,0416,775,410
CURRENT LIABILITIES:  
Accounts payable351,920232,572
Accrued liabilities363,036292,487
Deferred revenue624,207637,432
Other current liabilities316,629131,040
Total current liabilities1,655,7921,293,531
Income taxes payable98,72289,839
Operating lease liabilities, non-current51,70243,964
Deferred revenue, non-current460,697403,814
Other long-term liabilities61,54658,442
TOTAL LIABILITIES2,328,4591,889,590
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 June 30, 2023 and December 31, 202200
Common stock, $0.0001 par value—1,000,000 shares authorized as of June 30, 2023 and December 31, 2022; 309,355 and 306,890 shares issued and outstanding as of June 30, 2023 and December 31, 20223131
Additional paid-in capital1,927,6971,780,714
Retained earnings3,955,0623,138,983
Accumulated other comprehensive income (loss)(25,208)(33,908)
TOTAL STOCKHOLDERS’ EQUITY5,857,5824,885,820
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$ 8,186,041$ 6,775,410
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.