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

257.25USD-2.02 (-0.78%)Market Closed

Market Summary

USD257.25-2.02

Market Closed

-0.78%

ANET Alerts

5 major insider sales recently.

ANET Stock Price

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ANET RSI Chart

ANET Valuation

Market Cap

80.4B

Price/Earnings (Trailing)

38.53

Price/Sales (Trailing)

13.72

EV/EBITDA

31.61

Price/Free Cashflow

39.54

ANET Price/Sales (Trailing)

ANET Profitability

Operating Margin

92.49%

EBT Margin

41.33%

Return on Equity

28.91%

Return on Assets

20.98%

Free Cashflow Yield

2.53%

ANET Fundamentals

ANET Revenue

Revenue (TTM)

5.9B

Rev. Growth (Yr)

20.77%

Rev. Growth (Qtr)

2.05%

ANET Earnings

Earnings (TTM)

2.1B

Earnings Growth (Yr)

43.68%

Earnings Growth (Qtr)

12.53%

Breaking Down ANET Revenue

Last 7 days

-13.3%

Last 30 days

-10.3%

Last 90 days

-2.4%

Trailing 12 Months

62.7%

How does ANET drawdown profile look like?

ANET Financial Health

Current Ratio

4.39

ANET Investor Care

Shares Dilution (1Y)

2.04%

Diluted EPS (TTM)

6.58

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
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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed S&P 500 Index

Grufity's Fair Value model takes all the S&P 500 stocks and divides them into separate buckets based on their attractiveness. The 'Very Cheap' bucket of S&P 500 has greatly outperformed S&P 500 Index. Conversely, S&P500 stocks considered 'Very Expensive' by the model underperformed the S&P500 index in the past three years. Grufity Fair Value is available for 2300+ stocks, including 90% of S&P 500 stocks. Grufity's Fair Value Model separates high-return stocks from low-return stocks.

Returns of $10,000 invested in:

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S&P 500 Index: $12,922
Very Expensive Stocks: $11,022

Grufity's Fair Value model does a great job in separating High Performing Stocks from Low Performing ones in the S&P 500 list.

S&P 500 Index

Very Expensive Stocks

Very Cheap Stocks

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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
Apr 10, 2024	duda kenneth	sold	-4,640,720	290	-16,000	cto and svp software eng.
Apr 10, 2024	duda kenneth	sold	-5,800,910	290	-20,000	cto and svp software eng.
Apr 10, 2024	duda kenneth	acquired	341,700	17.085	20,000	cto and svp software eng.
Apr 09, 2024	ullal jayshree	sold	-230,392	299	-768	president and ceo
Apr 09, 2024	ullal jayshree	sold	-751,775	299	-2,506	president and ceo
Apr 04, 2024	mccool john f	acquired	23,539	56.585	416	chief platform officer
Apr 04, 2024	ullal jayshree	sold	-4,514,400	300	-15,000	president and ceo
Apr 04, 2024	ullal jayshree	sold	-1,354,320	300	-4,500	president and ceo
Apr 04, 2024	mccool john f	sold	-125,199	300	-416	chief platform officer

Which funds bought or sold ANET recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 17, 2024	River Street Advisors LLC	unchanged	-	68,632	365,375	0.25%
Apr 17, 2024	Private Ocean, LLC	unchanged	-	2,179	11,599	-%
Apr 17, 2024	Investment Research & Advisory Group, Inc.	new	-	92,794	92,794	0.04%
Apr 17, 2024	HARTFORD INVESTMENT MANAGEMENT CO	reduced	-4.00	727,514	4,724,350	0.17%
Apr 17, 2024	Clarius Group, LLC	reduced	-15.52	14,450	374,074	0.03%
Apr 17, 2024	LVZ, Inc.	new	-	301,289	301,289	0.04%
Apr 17, 2024	Fox Hill Wealth Management	added	0.57	479,537	2,491,160	1.68%
Apr 17, 2024	NEW MEXICO EDUCATIONAL RETIREMENT BOARD	unchanged	-	-1,255,000	1,807,000	0.07%
Apr 17, 2024	ATTICUS WEALTH MANAGEMENT, LLC	added	87.92	46,104	81,195	0.03%
Apr 17, 2024	Evergreen Private Wealth LLC	added	37,125	4,308,380	4,317,800	2.16%

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

ANET Alerts

5 major insider sales recently.

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
Apr 12, 2024	4	Insider Trading
Apr 11, 2024	4	Insider Trading
Apr 10, 2024	144	Notice of Insider Sale Intent
Apr 10, 2024	144	Notice of Insider Sale Intent
Apr 10, 2024	144	Notice of Insider Sale Intent
Apr 09, 2024	144	Notice of Insider Sale Intent
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading
Apr 04, 2024	144	Notice of Insider Sale Intent

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	194.8B	57.2B	-2.14%	0.10%	14.49	3.4	7.66%	18.93%
ANET	80.4B	5.9B	-10.34%	62.72%	38.53	13.72	33.75%	54.34%
HPQ	27.1B	53.1B	-7.34%	-8.54%	7.93	0.51	-11.04%	34.01%
HPE	22.2B	29.1B	1.55%	13.90%	10.94	0.76	2.24%	133.29%
LOGI	12.3B	4.2B	-13.74%	36.26%	25.3	2.9	-11.68%	12.69%
JNPR	11.6B	5.6B	-1.55%	13.79%	37.5	2.09	4.97%	-34.14%
MID-CAP
UI	6.3B	1.9B	-3.34%	-57.07%	17.04	3.38	4.69%	6.86%
BDC	3.4B	2.5B	-7.49%	3.79%	13.83	1.34	-3.62%	-4.73%
LITE	2.9B	1.4B	-8.77%	-8.67%	-10.73	1.99	-21.40%	-1031.82%
SMALL-CAP
EXTR	1.4B	1.3B	-5.52%	-32.07%	17.57	1.05	14.09%	64.56%
AAOI	447.7M	217.6M	-14.26%	432.42%	-7.99	2.06	-2.32%	15.59%
ADTN	374.2M	1.1B	-12.57%	-51.44%	-1.4	0.33	12.05%	-13041.29%
ALOT	129.0M	148.1M	-3.81%	11.81%	27.48	0.87	3.90%	76.40%
AIRG	55.6M	56.0M	0.76%	-0.75%	-4.47	0.99	-26.16%	-43.53%
AKTS	52.3M	29.7M	-13.11%	-84.59%	-0.76	1.76	39.86%	-13.06%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	2.1%	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	596
Gross Profit	6.0%	999	942	884	805	769	710	643	554	523	479	454	425	415	385	344	338	356	417	390	381	375
Operating Expenses	5.8%	359	340	354	320	300	293	280	276	257	245	235	219	220	197	177	189	180	189	183	186	181
S&GA Expenses	3.4%	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	51.00
R&D Expenses	-0.4%	211	212	230	201	190	188	178	172	158	153	143	132	134	128	112	113	110	119	114	120	118
EBITDA Margin	4.1%	0.42*	0.41*	0.39*	0.38*	0.37*	0.36*	0.35*	0.34*	0.33*	0.32*	0.33*	0.33*	-	-	-	-	-	-	-	-	-
Interest Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00
Income Taxes	-18.6%	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	28.00
Earnings Before Taxes	7.7%	694	645	586	497	486	424	362	309	267	235	221	208	200	202	175	162	187	248	221	207	198
EBT Margin	4.5%	0.41*	0.40*	0.38*	0.36*	0.36*	0.35*	0.34*	0.33*	0.32*	0.31*	0.32*	0.32*	-	-	-	-	-	-	-	-	-
Net Income	12.5%	614	545	492	436	427	354	299	272	239	224	197	180	183	168	145	138	261	209	189	201	170
Net Income Margin	4.9%	0.36*	0.34*	0.32*	0.31*	0.31*	0.30*	0.30*	0.30*	0.29*	0.28*	0.28*	0.27*	-	-	-	-	-	-	-	-	-
Free Cashflow	-25.1%	515	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	9.7%	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	3,082
Current Assets	9.6%	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	2,715
Cash Equivalents	10.9%	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	654
Inventory	2.7%	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	265
Net PPE	-1.0%	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	75.00
Goodwill	0%	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	54.00
Liabilities	6.4%	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	939
Current Liabilities	3.4%	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	607
Shareholder's Equity	11.0%	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	2,143
Retained Earnings	13.6%	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	1,191
Additional Paid-In Capital	3.9%	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	957
Accumulated Depreciation	4.0%	188	181	173	164	157	150	144	138	133	128	123	120	115	110	105	100	97.00	93.00	88.00	83.00	90.00
Shares Outstanding	0.4%	312	311	309	308	307	305	307	308	307	307	306	305	-	-	-	-	-	-	-	-	-
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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-24.7%	526	699	434	374	40.00	134	101	217	225	273	263	255	187	215	138	195	327	269	196	170	296
Share Based Compensation	-4.7%	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	25.00
Cashflow From Investing	-49.2%	-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	-171
Cashflow From Financing	-108.7%	-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	2.00
Buy Backs	-	-	-	30.00	82.00	3.00	48.00	484	136	176	134	-	101	-	167	-	228	52.00	115	100	-	-

ANET Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue:
Total revenue	$ 5,860,168	$ 4,381,310	$ 2,948,037
Cost of revenue:
Total cost of revenue	2,229,887	1,705,614	1,067,258
Gross profit	3,630,281	2,675,696	1,880,779
Operating expenses:
Research and development	854,918	728,394	586,752
Sales and marketing	399,034	326,955	286,171
General and administrative	119,080	93,241	83,117
Total operating expenses	1,373,032	1,148,590	956,040
Income from operations	2,257,249	1,527,106	924,739
Other income, net	164,777	54,690	6,140
Income before income taxes	2,422,026	1,581,796	930,879
Provision for income taxes	334,705	229,350	90,025
Net income	$ 2,087,321	$ 1,352,446	$ 840,854
Earnings per share
Basic (in dollars per share)	$ 6.75	$ 4.41	$ 2.74
Diluted (in dollars per share)	$ 6.58	$ 4.27	$ 2.63
Weighted-average common shares outstanding
Basic (in shares)	309,354	306,473	306,512
Diluted (in shares)	317,135	316,459	319,238
Product
Revenue:
Total revenue	$ 5,029,493	$ 3,716,079	$ 2,377,727
Cost of revenue:
Total cost of revenue	2,061,167	1,573,629	958,363
Service
Revenue:
Total revenue	830,675	665,231	570,310
Cost of revenue:
Total cost of revenue	$ 168,720	$ 131,985	$ 108,895

ANET Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 1,938,606	$ 671,707
Marketable securities	3,069,362	2,352,022
Accounts receivable, net	1,024,569	923,096
Inventories	1,945,180	1,289,706
Prepaid expenses and other current assets	412,518	314,217
Total current assets	8,390,235	5,550,748
Property and equipment, net	101,580	95,009
Acquisition-related intangible assets, net	88,768	122,205
Goodwill	268,531	265,924
Deferred tax assets	945,792	574,912
Other assets	151,900	166,612
TOTAL ASSETS	9,946,806	6,775,410
CURRENT LIABILITIES:
Accounts payable	435,059	232,572
Accrued liabilities	407,302	292,487
Deferred revenue	915,204	637,432
Other current liabilities	152,041	131,040
Total current liabilities	1,909,606	1,293,531
Income taxes payable	95,751	89,839
Deferred revenue, non-current	591,000	403,814
Other long-term liabilities	131,390	102,406
TOTAL LIABILITIES	2,727,747	1,889,590
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 December 31, 2023 and 2022	0	0
Common stock, $0.0001 par value—1,000,000 shares authorized as of December 31, 2023 and 2022; 312,245 and 306,890 shares issued and outstanding as of December 31, 2023 and 2022	31	31
Additional paid-in capital	2,108,331	1,780,714
Retained earnings	5,114,025	3,138,983
Accumulated other comprehensive income (loss)	(3,328)	(33,908)
TOTAL STOCKHOLDERS’ EQUITY	7,219,059	4,885,820
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 9,946,806	$ 6,775,410

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 Thu Apr 18 2024, market cap of Arista Networks Inc is 80.42 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 Thu Apr 18 2024, ANET's PE ratio (Price to Earnings) is 38.53 and Price to Sales (PS) ratio is 13.72. 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.