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Arista Networks (ANET)
NYSE:ANET
Arista Networks (ANET) Stock Price & Analysis
4,992 Followers
ANET Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$149.10 - $367.25
Previous Close$366.14
Volume1.36M
Average Volume (3M)2.56M
Market Cap
$114.73B
Enterprise Value$109.29B
Total Cash (Recent Filing)$5.45B
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)50.9
Beta1.36
Next Earnings
Jul 30, 2024EPS Estimate
$1.94Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)7.19
Shares Outstanding313,363,097
10 Day Avg. Volume2,732,316
30 Day Avg. Volume2,560,356
Standard Deviation0.12
R-Squared0.24
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)14.07
Price to Sales (P/S)68.63
Price to Cash Flow (P/CF)51.40
P/FCF Ratio52.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue17.97
Enterprise Value/Gross Profit30.10
Enterprise Value/Ebitda40.28
Forecast
1Y Price Target
$312.36Price Target Upside-14.69% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering16
Arista Networks News
PremiumMarket News
SPY ETF Update, 7/8/2024 
PremiumMarket News
SPY ETF Update, 7/5/2024 
PremiumMarket News
SPY ETF Update, 7/3/2024 
PremiumMarket News
SPY ETF Update, 7/1/2024 
PremiumMarket News
SPY ETF Update, 6/25/2024
Bulls Say, Bears Say
Bulls Say
Market OpportunityANET now believes it is addressing a +$70 billion TAM by 2028; an increase from the +$60B '27 TAM outlined at Nov '23 Analyst Day.
Product InnovationANET announced new 800G AI data center switching platforms using Broadcom silicon, including its Etherlink switch platform designed for AI clusters.
Strategic CollaborationsArista's announced collaboration with Nvidia will serve to reinforce the large AI TAM in front of the company, where ample growth opportunities for multiple Networking companies are seen.
Bears Say
Contractual AgreementsThe balance of binding contractual agreements with certain customers for future product shipments significantly decreased to $265.5M from $908.6M in the year-ago quarter.
Management ChangesConcerns around the recent COO change could negatively impact investor sentiment unless addressed with encouraging commentary.
Purchase CommitmentsANET's purchase commitments dropped to $1.458 billion, a noticeable decline from $2.4 billion recorded in the previous year's first quarter.
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Ownership Overview
20.87% Insiders
24.10% Mutual Funds
17.24% Other Institutional Investors
37.78% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ANET FAQ
What was Arista Networks’s price range in the past 12 months?
Arista Networks lowest stock price was $149.10 and its highest was $367.25 in the past 12 months.
What is Arista Networks’s market cap?
Currently, no data Available
When is Arista Networks’s upcoming earnings report date?
Arista Networks’s upcoming earnings report date is Jul 30, 2024 which is in 22 days.
How were Arista Networks’s earnings last quarter?
Arista Networks released its earnings results on May 07, 2024. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.738 by $0.252.
Is Arista Networks overvalued?
According to Wall Street analysts Arista Networks’s price is currently Overvalued.
Does Arista Networks pay dividends?
Arista Networks does not currently pay dividends.
What is Arista Networks’s EPS estimate?
Arista Networks’s EPS estimate is $1.94.
How many shares outstanding does Arista Networks have?
Arista Networks has 313,363,100 shares outstanding.
What happened to Arista Networks’s price movement after its last earnings report?
Arista Networks reported an EPS of $1.99 in its last earnings report, beating expectations of $1.738. Following the earnings report the stock price went up 6.453%.
Which hedge fund is a major shareholder of Arista Networks?
Among the largest hedge funds holding Arista Networks’s share is Duquesne Family Office LLC. It holds Arista Networks’s shares valued at 124M.
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Arista Networks Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$312.36 (-14.69% Downside)
$312.36 (-14.69% Downside)
Blogger Sentiment
Bullish
ANET Sentiment 85%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 436.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $4.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.7%
Last 30 Days ▲ 5.5%
Last 30 Days ▲ 5.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
129.29%
12-Months-Change
Fundamentals
Return on Equity
34.70%
Trailing 12-Months
Asset Growth
39.87%
Trailing 12-Months
Company Description
Arista Networks
Incorporated in 2004, Arista Networks, Inc. is a computer networking company based in California. The company is engaged in the development, marketing, and sale of cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
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ANET Company Deck
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ANET Earnings Call
Q1 2024
0:00 / 0:00
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ANET Revenue Breakdown
85.83% Product
14.17% Service
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ANET Stock 12 Month Forecast
Average Price Target
$312.36
▼(-14.69% Downside)
Technical Analysis
Best Analysts Covering ANET
1 Year
1 Year Success Rate
26/26 ratings generated profit
1 Year Average Return
+65.65%
reiterated a buy rating 5 months ago
Copying Erik Suppiger's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +65.65% per trade.
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