Market Summary
USD162.68+8.88
Market Closed5.77%
ANET Stock Price
ANET RSI Chart
ANET Valuation
ANET Price/Sales (Trailing)
ANET Profitability
ANET Fundamentals
ANET Revenue
ANET Earnings
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
ANET Investor Care
Peers (Alternatives to Arista Networks)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CSCO | 205.2B | 53.2B | 2.51% | -9.53% | 18.16 | 3.86 | 3.13% | -4.42% |
ANET | 49.9B | 4.4B | 13.09% | 26.94% | 36.91 | 11.39 | 48.62% | 60.84% |
MSI | 45.0B | 9.1B | -4.73% | 15.58% | 33.01 | 4.94 | 11.52% | 9.48% |
UI | 16.2B | 1.8B | -7.22% | 3.60% | 46.46 | 9.03 | -2.33% | -35.05% |
| MID-CAP | ||||||||
JNPR | 10.2B | 5.3B | -1.89% | -10.10% | 21.65 | 1.92 | 11.95% | 86.39% |
FFIV | 8.5B | 2.7B | -5.73% | -28.67% | 28.14 | 3.13 | 1.62% | -10.71% |
LITE | 3.5B | 1.8B | -15.26% | -43.44% | 121.02 | 1.89 | 7.24% | -92.58% |
VSAT | 2.6B | 3.0B | 12.01% | -25.05% | -20.14 | 0.89 | 18.78% | -488.35% |
VIAV | 2.3B | 1.2B | -9.04% | -34.19% | 30.54 | 1.88 | -0.83% | 25466.67% |
EXTR | 2.3B | 1.2B | -9.87% | 54.36% | 46.81 | 1.93 | 9.22% | 22.38% |
| SMALL-CAP | ||||||||
COMM | 1.3B | 9.2B | -26.59% | -14.07% | -1.01 | 0.14 | 7.47% | -178.19% |
DGII | 1.2B | 413.3M | -4.01% | 69.00% | 48.48 | 2.81 | 29.25% | 102.15% |
NTGR | 514.6M | 932.5M | -9.20% | -25.11% | -7.46 | 0.55 | -20.17% | -239.69% |
CMBM | 493.0M | 296.9M | -17.34% | -22.91% | 24.41 | 1.66 | -11.60% | -46.02% |
LTRX | 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) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 11.5% | 4,381 | 3,930 | 3,502 | 3,158 | 2,948 |
| Gross Profit | 10.1% | 2,676 | 2,430 | 2,198 | 2,009 | 1,881 |
| Operating Expenses | 3.9% | 1,149 | 1,106 | 1,059 | 1,013 | 956 |
| S&GA Expenses | 3.4% | 327 | 316 | 305 | 296 | 286 |
| R&D Expenses | 4.7% | 728 | 696 | 661 | 626 | 587 |
| EBITDA | 17.3% | 1,644 | 1,402 | 1,210 | 1,068 | - |
| EBITDA Margin | 5.2% | 0.38* | 0.36* | 0.35* | 0.34* | - |
| Earnings Before Taxes | 16.0% | 1,582 | 1,363 | 1,174 | 1,032 | 931 |
| EBT Margin | 4.1% | 0.36* | 0.35* | 0.34* | 0.33* | - |
| Net Income | 16.1% | 1,352 | 1,165 | 1,035 | 933 | 841 |
| Net Income Margin | 4.2% | 0.31* | 0.30* | 0.30* | 0.30* | - |
| Free Cahsflow | -29.2% | 447 | 632 | 723 | 891 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 10.0% | 6,775 | 6,162 | 5,825 | 6,108 | 5,734 |
| Current Assets | 10.3% | 5,551 | 5,032 | 4,729 | 5,105 | 4,813 |
| Cash Equivalents | -6.2% | 672 | 716 | 493 | 635 | 621 |
| Inventory | 17.2% | 1,290 | 1,101 | 853 | 694 | 650 |
| Net PPE | -1.5% | 95.00 | 96.00 | 92.00 | 87.00 | 79.00 |
| Goodwill | -1.9% | 266 | 271 | 273 | 217 | 188 |
| Liabilities | 6.3% | 1,890 | 1,777 | 1,819 | 1,955 | 1,756 |
| Current Liabilities | 3.1% | 1,294 | 1,255 | 1,278 | 1,369 | 1,110 |
| Shareholder's Equity | 11.4% | 4,886 | 4,385 | 4,006 | 4,153 | 3,979 |
| Retained Earnings | 15.6% | 3,139 | 2,715 | 2,408 | 2,593 | 2,457 |
| Additional Paid-In Capital | 3.7% | 1,781 | 1,718 | 1,639 | 1,591 | 1,530 |
| Accumulated Depreciation | 4.3% | 157 | 150 | 144 | 138 | 133 |
| Shares Outstanding | 0.5% | 307 | 306 | 304 | 308 | 308 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -27.3% | 493 | 678 | 816 | 978 | 1,016 |
| Share Based Compensation | 6.3% | 231 | 217 | 205 | 200 | 187 |
| Cashflow From Investing | -7.9% | 216 | 235 | -316 | -780 | -925 |
| Cashflow From Financing | 20.3% | -654 | -820 | -895 | -404 | -360 |
| Buy Backs | -20.5% | 670 | 844 | 930 | 447 | 412 |
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 ascending | Fund Name | Type | % 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 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Arista Networks News
Schedule 13G FIlings of Arista Networks
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very 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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 |
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
2022-12-31Consolidated 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 revenue | 1,705,614 | 1,067,258 | 835,626 |
| Gross profit | 2,675,696 | 1,880,779 | 1,481,886 |
| Operating expenses: | |||
| Research and development | 728,394 | 586,752 | 486,594 |
| Sales and marketing | 326,955 | 286,171 | 229,366 |
| General and administrative | 93,241 | 83,117 | 66,242 |
| Total operating expenses | 1,148,590 | 956,040 | 782,202 |
| Income from operations | 1,527,106 | 924,739 | 699,684 |
| Other income, net | 54,690 | 6,140 | 39,179 |
| Income before income taxes | 1,581,796 | 930,879 | 738,863 |
| Provision for income taxes | 229,350 | 90,025 | 104,306 |
| 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) | 306,473 | 306,512 | 303,936 |
| Diluted (in shares) | 316,459 | 319,238 | 317,860 |
| Product | |||
| Revenue: | |||
| Total revenue | $ 3,716,079 | $ 2,377,727 | $ 1,830,842 |
| Cost of revenue: | |||
| Total cost of revenue | 1,573,629 | 958,363 | 749,962 |
| Service | |||
| Revenue: | |||
| Total revenue | 665,231 | 570,310 | 486,670 |
| Cost of revenue: | |||
| Total cost of revenue | $ 131,985 | $ 108,895 | $ 85,664 |
ANET Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 671,707 | $ 620,813 |
| Marketable securities | 2,352,022 | 2,787,502 |
| Accounts receivable, net | 923,096 | 516,509 |
| Inventories | 1,289,706 | 650,117 |
| Prepaid expenses and other current assets | 314,217 | 237,735 |
| Total current assets | 5,550,748 | 4,812,676 |
| Property and equipment, net | 95,009 | 78,634 |
| Acquisition-related intangible assets, net | 122,205 | 93,555 |
| Goodwill | 265,924 | 188,397 |
| Investments | 39,468 | 20,247 |
| Operating lease right-of-use assets | 53,390 | 65,182 |
| Deferred tax assets | 574,912 | 442,295 |
| Other assets | 73,754 | 33,443 |
| TOTAL ASSETS | 6,775,410 | 5,734,429 |
| CURRENT LIABILITIES: | ||
| Accounts payable | 232,572 | 202,636 |
| Accrued liabilities | 292,487 | 226,643 |
| Deferred revenue | 637,432 | 593,578 |
| Other current liabilities | 131,040 | 86,972 |
| Total current liabilities | 1,293,531 | 1,109,829 |
| Income taxes payable | 89,839 | 69,916 |
| Operating lease liabilities, non-current | 43,964 | 56,527 |
| Deferred revenue, non-current | 403,814 | 335,734 |
| Deferred tax liabilities, non-current | 42 | 129,074 |
| Other long-term liabilities | 58,400 | 54,749 |
| TOTAL LIABILITIES | 1,889,590 | 1,755,829 |
| 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 2021 | 0 | 0 |
| 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 2021 | 31 | 31 |
| Additional paid-in capital | 1,780,714 | 1,530,046 |
| Retained earnings | 3,138,983 | 2,456,823 |
| Accumulated other comprehensive income (loss) | (33,908) | (8,300) |
| TOTAL STOCKHOLDERS’ EQUITY | 4,885,820 | 3,978,600 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ 6,775,410 | $ 5,734,429 |