Arista Networks, Inc. (ANET)

NYSE: ANET · IEX Real-Time Price · USD
357.01
+0.31 (0.09%)
At close: Jul 2, 2024, 4:00 PM
356.99
-0.02 (-0.01%)
After-hours: Jul 2, 2024, 7:58 PM EDT
0.09%
Market Cap 111.87B
Revenue (ttm) 6.08B
Net Income (ttm) 2.29B
Shares Out 313.36M
EPS (ttm) 7.18
PE Ratio 49.72
Forward PE 44.50
Dividend n/a
Ex-Dividend Date n/a
Volume 1,333,843
Open 357.35
Previous Close 356.70
Day's Range 354.93 - 363.28
52-Week Range 149.10 - 363.28
Beta 1.08
Analysts Buy
Price Target 311.30 (-12.8%)
Earnings Date Jul 29, 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]

Sector Technology
IPO Date Jun 6, 2014
Employees 4,023
Stock Exchange NYSE
Ticker Symbol ANET
Full Company Profile

Financial Performance

In 2023, ANET'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 Statements

Analyst Forecast

According to 22 analysts, the average rating for ANET stock is "Buy." The 12-month stock price forecast is $311.3, which is a decrease of -12.80% from the latest price.

Price Target
$311.3
(-12.80% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Arista Networks to Announce Q2 2024 Financial Results on Tuesday, July 30th, 2024

SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks, Inc. (NYSE: ANET) will release its financial results for the quarter ended June 30th, 2024 after U.S. markets close on Tuesday, July 30th, 2024. ...

5 hours ago - Business Wire

Jim Cramer reviews 10 stocks leading the S&P 500 in the second quarter

CNBC's Jim Cramer on Friday analyzed stocks that helped the S&P 500 see significant gains this year so far, highlighting the top ten performers during the second quarter. Many of last quarter's winnin...

4 days ago - CNBC

3-Stock Lunch: Nike, Chewy & Arista Networks

Eva Ados, ERShares COO, joins 'Power Lunch' to discuss stock plays for three stocks.

Other symbols: CHWYNKE
4 days ago - CNBC Television

Super Micro and Nvidia lead the S&P 500 this year. These stocks follow.

This has been a very good year for the stock market as a whole, although the performance of broad U.S. indexes also underscores how important the weighting of an index can be.

4 days ago - Market Watch

Apple Stands Out In Edge AI While Arista, Coherent, Dell And Super Micro Are Top Picks For Hardware: JPMorgan

Investors are shifting their focus from Revenue Total Addressable Markets (TAMs) to Profit TAMs in various artificial intelligence (AI) hardware categories.

Other symbols: AAPLDELLSMCI
8 days ago - Benzinga

Dow Needs a Makeover. What If We Kick Out These 4 Stocks.

The Dow Jones Industrial Average is up a mere 3% this year because of several laggard stocks. We have new picks to replace them.

Other symbols: CRMGDMU
12 days ago - Barrons

Cramer's Stop Trading: Arista Networks

CNBC's Jim Cramer explains why he is keeping an eye on shares of Arista Networks Inc.

26 days ago - CNBC Television

Arista Unveils Etherlink AI Networking Platforms

NEW YORK--(BUSINESS WIRE)--Arista Networks (NYSE: ANET), a leading provider of cloud and AI networking solutions, today announced the Arista Etherlink™ AI platforms, designed to deliver optimal networ...

27 days ago - Business Wire

Arista Delivers Holistic AI Solutions in Collaboration with NVIDIA

SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks (NYSE: ANET) today announced a technology demonstration of AI Data Centers in order to align compute and network domains as a single managed AI en...

4 weeks ago - Business Wire

Introducing Arista Advanced Pet Care: Revolutionizing Specialty & Emergency Veterinary Medicine with a Shared Ownership Model

DALLAS--(BUSINESS WIRE)--Arista Advanced Pet Care, a groundbreaking venture led by veterinarian Jennifer Welser, DVM, DACVO, is set to redefine the landscape of specialty & emergency pet care with its...

5 weeks ago - Business Wire

Jim Cramer is all praise for Arista Networks CEO after Q1 earnings

Famed investor Jim Cramer is all praise for Jayshree Ullal – the chief executive of Arista Networks Inc (NYSE: ANET) after her company reported financial results for its first quarter last night.  Cra...

7 weeks ago - Invezz

Palantir, Arista Networks, Microsoft, Astera Labs, and Other Tech Stocks in Focus Today

The technology sector is losing momentum as earnings continue to paint a mixed picture, clouded by lofty expectations for AI-exposed shares.

Other symbols: ALABMSFTPLTR
7 weeks ago - Barrons

Arista Networks Stock Rises After Strong AI Cloud Demand Powers Earnings, Outlook

Cloud networking giant Arista Networks (ANET) saw its shares rise almost 7% higher in extended trading Tuesday after a trifecta of upbeat news—an earnings beat, better-than-expected current-quarter ou...

7 weeks ago - Investopedia

Arista Networks OKs $1.2 billion in buybacks as revenue jumps on strong cloud demand

Arista Networks ANET, -1.73% said its revenue rose more than expected in the first quarter and authorized $1.2 billion in share buybacks.

2 months ago - Market Watch

Arista Networks projects Q2 revenue above estimates

Arista Networks forecast second-quarter revenue above Wall Street estimates on Tuesday, anticipating higher demand for its cloud networking gear from a boom in artificial intelligence applications and...

2 months ago - Reuters

Arista Networks, Inc. Reports First 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 data center/AI, campus and routing environments, today...

2 months ago - Business Wire

Arista Launches Next Generation Multi-Domain Segmentation for Zero Trust Networking

SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks (NYSE: ANET), a leading provider of cloud networking solutions, today announced a significant update to its Arista MSSⓇ (Multi-Domain Segmentation...

2 months ago - Business Wire

Rosenblatt double downgrades Arista Networks stock to ‘sell'

Arista Networks Inc (NYSE: ANET) lost close to 10% on Friday after a Rosenblatt analyst double downgraded the computer networking company to “sell”.

2 months ago - Invezz

Wedbush's Matt Bryson talks the AI chip space

Matt Bryson, Wedbush Enterprise Hardware Analyst, joins 'Closing Bell Overtime' to talks the AI chipmakers including Nvidia and recent comments from CEO Jensen Huang.

Other symbols: AMDINTCNVDA
2 months ago - CNBC Television

Three Stock Lunch: Intel, Arista Networks and Chevron

Eva Ados, ERShares chief investment strategist and COO, joins 'Power Lunch' to discuss Ados' investing take on three stocks: Intel, Arista Networks, and Chevron.

Other symbols: CVXINTC
2 months ago - CNBC Television

Arista Networks to Announce Q1 2024 Financial Results on Tuesday, May 7th, 2024

SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks, Inc. (NYSE:ANET) will release its financial results for the quarter ended March 31st, 2024 after U.S. markets close on Tuesday, May 7th, 2024. Th...

3 months ago - Business Wire

SEC settles insider trading charges against Andy Bechtolsheim, co-founder of Arista, Sun Microsystems

Andy Bechtolsheim, the co-founder of Sun Microsystems and Arista Networks, reached a settlement with the SEC on insider trading charges.

3 months ago - CNBC

SEC Fines Arista Co-Founder $1 Million Over Insider Trading Claims

The Wall Street regulator alleged that while he was serving as chair of Arista in July 2019, Bechtolsheim learned about an impending acquisition of Acacia Communications and profitably traded on that ...

3 months ago - WSJ

SEC Charges Former Arista Networks Chairman Andy Bechtolsheim with Insider Trading

Washington, D.C.--(Newsfile Corp. - March 26, 2024) - The Securities and Exchange Commission today announced insider trading charges against Andreas “Andy” Bechtolsheim, the founder and Chief Architec...

3 months ago - Newsfile Corp

AI talk is surging during company earnings calls — and so are those companies' shares

Company executives in the fourth quarter produced the second-highest amount of talk about artificial intelligence for any quarter in at least a decade, according to a tally from FactSet.

3 months ago - Market Watch