Arista Networks, Inc. (ANET)
| Market Cap | 116.68B |
| Revenue (ttm) | 6.61B |
| Net Income (ttm) | 2.66B |
| Shares Out | 314.94M |
| EPS (ttm) | 8.33 |
| PE Ratio | 44.48 |
| Forward PE | 39.58 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,970,960 |
| Open | 379.90 |
| Previous Close | 374.39 |
| Day's Range | 369.27 - 379.90 |
| 52-Week Range | 210.69 - 431.97 |
| Beta | 1.08 |
| Analysts | Buy |
| Price Target | 385.67 (+4.1%) |
| Earnings Date | Nov 7, 2024 |
About ANET
Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center and cloud networking systems, including newer artificial intelligence (AI) e... [Read more]
Financial Performance
In 2023, Arista Networks's revenue was $5.86 billion, an increase of 33.75% compared to the previous year's $4.38 billion. Earnings were $2.09 billion, an increase of 54.34%.
Financial StatementsAnalyst Forecast
According to 20 analysts, the average rating for ANET stock is "Buy." The 12-month stock price forecast is $385.67, which is an increase of 4.10% from the latest price.
News
Arista Networks Rising Higher
Cloud networking company Arista Networks, Inc. (ANET) is gaining on AI networking wins, financial performance.
Arista: M&A Plus Growing Cash Pile Provide Growth Optionality
I rate Arista Networks a Buy due to its strong cash flow, premium valuation, and potential for value creation through M&A or increased buybacks. Despite lower growth guidance, ANET's management has a ...
Arista Networks: Waiting For My Entry Point
Arista Networks is a market leader in ethernet networking, crucial for large-scale GPU AI training clusters, with significant growth potential in data centers. Despite strong earnings and market posit...
Arista's Sales of AI Data Center Networks Were Good. Investors Wanted More.
The company's September results were a solid beat, with revenue rising 20% to $1.8 billion.
Arista Networks, Inc. (ANET) Q3 2024 Earnings Call Transcript
Arista Networks, Inc. (ANET) Q3 2024 Earnings Call Transcript
Arista Networks Stock Tumbles in Late Trading After Reporting Earnings
Arista Networks (ANET) shares tumbled in extended trading Thursday as the company reported shrinking margins, despite profits that topped Wall Street's expectations.
Arista Networks sees fourth-quarter revenue above estimates on steady demand
Arista Networks projected fourth-quarter revenue above Wall Street estimates on Thursday, as the growing foot print of data centers amid an AI boom lifted demand for its networking equipment.
Arista Networks, Inc. Reports Third Quarter 2024 Financial Results
SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks, Inc. (NYSE: ANET), an industry leader in data-driven, client-to-cloud networking for large AI, data center, campus and routing environments, toda...
Earnings Season Is In the Home Stretch. Here's What You Need to Know.
Third-quarter earnings season enters the home stretch this week. The quarter appears to have been mixed for corporate America, with companies broadly beating estimates while scaling back fourth-quarte...
Arista Networks Q3 Preview: Making Ethernet Great Again
Arista Networks has exceeded growth expectations in the AI networking market, overcoming competition from Nvidia and Broadcom. The company aims for $750 million in AI networking revenue by 2025 within...
Arista Networks Keeps Growing
Shares of cloud networking company Arista Networks, Inc. (ANET) keep trending up as AI business, earnings drive growth.
Jim Cramer lists 10 stocks on the S&P 500 that notched the biggest gains in the past two years
Traders have bullishly invested in companies on the S&P 500, leading the index of 500 large U.S. companies to new heights over the past two years. Jim Cramer reflected on the lead performing stocks, w...
Arista Networks to Announce Q3 2024 Financial Results on Thursday, November 7th, 2024
SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks, Inc. (NYSE:ANET) will release its financial results for the quarter ended September 30th, 2024 after U.S. markets close on Thursday, November 7th...
2 Attractively Priced Stocks To Consider For A Lower Interest Rate Environment
Lower interest rates are expected to benefit attractively valued dividend stocks like Verizon and Cisco, making them appealing for investors moving from low-risk investments. Verizon's high yield and ...
CloudVision Delivers Modern Network Operating Model Across the Enterprise
SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks (NYSE: ANET), a leading provider of cloud and AI networking solutions, today announced significant new capabilities in its CloudVision® platform, ...
Arista Networks: The Breakout Appears Imminent
Arista Networks: The Breakout Appears Imminent
The Big 3: ANET, MET, DHR
Today's Big 3 looks at companies trading at or near their 52-week highs but show very different long-term charts. Dan Deming joins Diane King Hall and Ben Lichtenstein to break down the technical tren...
Arista Advanced Pet Care Announces Opening of First Hospital in Atlanta, Georgia
ATLANTA--(BUSINESS WIRE)--Arista Advanced Pet Care, a groundbreaking new group in the specialty referral and emergency veterinary space announces its first hospital will open in Atlanta in the first q...
Arista Networks: Buy On Weakness Signal (Technical Analysis)
Arista Networks tops our SID system's buy-on-weakness list, signaling a potential retest of old high resistance because it has our SID Buy Signal. Strong fundamental and technical signals, including i...
Arista Networks Is An Excellent Company: Reiterating Buy
Arista's success in cloud-based, high-speed integrated networks positions it well for continued dominance in the market. Arista holds its own as a formidable competitor to Nvidia's InfinBand. Continue...
Arista Networks: Pureplay Ethernet Switch Company At Its Peak
Arista Networks has seen an impressive surge in stock price of 80.48% in the past year and 448.79% in the past 5 years. The company's revenue growth, market share in the Ethernet switch market, and fo...
Alabama Fiber Network Selects Arista Networks for Statewide Middle-Mile Initiative
SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks (NYSE:ANET) announced today that Alabama Fiber Network (AFN), a consortium of eight electric cooperatives, has selected Arista as its provider of ...
An Earnings Beat and an Upbeat AI Outlook Lifted Arista Networks Stock
Arista Networks (ANET) shares finished Wednesday up 11% after the cloud networking giant reported better-than-expected earnings and raised its outlook.
Arista Networks Q2: Expansion Into Etherlink AI And Security Networks
Arista Networks, Inc. upgraded to “Strong Buy” in my previous article published in March 2024. The company beats market expectations with mid-teen revenue growth driven by data center and AI investmen...