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Arista Networks (ANET)
NYSE:ANET
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ANET Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$203.19 - $424.01
Previous Close$423.12
Volume1.84M
Average Volume (3M)1.48M
Market Cap
$132.92B
Enterprise Value$126.65B
Total Cash (Recent Filing)$6.27B
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)54.8
Beta1.39
Next Earnings
Nov 07, 2024EPS Estimate
$2.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)7.71
Shares Outstanding314,152,875
10 Day Avg. Volume1,329,810
30 Day Avg. Volume1,475,594
Standard Deviation0.11
R-Squared0.24
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)15.77
Price to Sales (P/S)20.16
Price to Cash Flow (P/CF)32.20
P/FCF Ratio32.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue20.07
Enterprise Value/Gross Profit34.89
Enterprise Value/Ebitda43.75
Forecast
1Y Price Target
$409.44Price Target Upside-3.23% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Arista Networks News
Bulls Say, Bears Say
Bulls Say
AI And Cloud DemandMSFT and META's announcements on increased capex for cloud and AI demand are viewed as positive for ANET, as they benefit from the increased networking spend.
Growth OpportunitiesANET is expected to report another quarter of robust results and continue to see sustainable growth opportunity for 2025 and beyond.
Technology And PartnershipsArista highlights its continued partnership with Meta on co-development with the minipack solutions, which were initially introduced in 2018.
Bears Say
EarningsThere is little opportunity for the stock to re-rate meaningfully on Q3 earnings due to high buyside expectations.
GuidanceUncertainty in timing of deployments and conservative management limit the likelihood of a 2025 guidance update.
Market ReactionShares of ANET have seemingly come under some pressure following Meta's Minipack 51.2T switch announcement.
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Ownership Overview
3.21% Insiders
20.63% Mutual Funds
3.33% Other Institutional Investors
55.12% 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 $203.19 and its highest was $424.01 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 Nov 07, 2024 which is today.
How were Arista Networks’s earnings last quarter?
Arista Networks released its earnings results on Jul 30, 2024. The company reported $2.1 earnings per share for the quarter, beating the consensus estimate of $1.944 by $0.156.
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 $2.08.
How many shares outstanding does Arista Networks have?
Arista Networks has 314,152,860 shares outstanding.
What happened to Arista Networks’s price movement after its last earnings report?
Arista Networks reported an EPS of $2.1 in its last earnings report, beating expectations of $1.944. Following the earnings report the stock price went up 11.281%.
Which hedge fund is a major shareholder of Arista Networks?
Among the largest hedge funds holding Arista Networks’s share is Gilder Gagnon Howe & Co LLC.. It holds Arista Networks’s shares valued at 139M.
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Arista Networks Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$409.44 (-3.23% Downside)
$409.44 (-3.23% Downside)
Blogger Sentiment
Bullish
ANET Sentiment 80%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 690.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days >0.1%
Last 30 Days ▲ 3.6%
Last 30 Days ▲ 3.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
98.82%
12-Months-Change
Fundamentals
Return on Equity
34.46%
Trailing 12-Months
Asset Growth
41.99%
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
Q2 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
$409.44
▼(-3.23% Downside)
Technical Analysis
Best Analysts Covering ANET
1 Year
1 Year Success Rate
26/26 ratings generated profit
1 Year Average Return
+65.31%
reiterated a buy rating 9 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 +65.31% per trade.
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