Arista Networks, Inc. (ANET)

NYSE: ANET · IEX Real-Time Price · USD
126.86
+0.83 (0.66%)
At close: Aug 12, 2022 4:00 PM
127.15
+0.29 (0.23%)
After-hours: Aug 12, 2022 7:50 PM EDT
0.66%
Market Cap 38.98B
Revenue (ttm) 3.50B
Net Income (ttm) 1.03B
Shares Out 307.30M
EPS (ttm) 2.91
PE Ratio 43.59
Forward PE 32.79
Dividend n/a
Ex-Dividend Date n/a
Volume 1,125,997
Open 127.40
Previous Close 126.03
Day's Range 126.40 - 128.06
52-Week Range 85.18 - 148.57
Beta 1.35
Analysts Buy
Price Target 147.39 (+16.2%)
Earnings Date Aug 1, 2022

About ANET

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 industrie... [Read more...]

Industry Communications Equipment
IPO Date Jun 6, 2014
CEO Jayshree Ullal
Employees 2,993
Stock Exchange NYSE
Ticker Symbol ANET
Full Company Profile

Financial Performance

In 2021, ANET's revenue was $2.95 billion, an increase of 27.21% compared to the previous year's $2.32 billion. Earnings were $840.85 million, an increase of 32.51%.

Financial Statements

Analyst Forecast

According to 32 analysts, the average rating for ANET stock is "Buy." The 12-month stock price forecast is 147.39, which is an increase of 16.18% from the latest price.

Price Target
$147.39
(16.18% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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Big Tech Seen Cutting Back On Cloud Computing Spending In 2023

Big tech continued to spend aggressively on cloud computing in the June quarter. But some analysts expect a dramatic slowdown in 2023.

Checking In on Caterpillar, Arista Networks, and Pinterest

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Other symbols: CATPINS

Here's Why Arista Networks (ANET) is a Great Momentum Stock to Buy

Does Arista Networks (ANET) have what it takes to be a top stock pick for momentum investors? Let's find out.

1 Big Catalyst Is Driving Arista Networks Stock -- Is It Still a Buy?

Arista Networks is soaring as new data centers are built.

Best Momentum Stocks to Buy for August 5th

POR, ANET and MTG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 5, 2022.

Other symbols: MTGPOR

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Why Arista Networks (ANET) is a Top Growth Stock for the Long-Term

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Arista Networks CEO says the company is 'sparing no costs' to deal with supply chain snags

CNBC's Jim Cramer spoke with Arista Networks CEO Jayshree Ullal on Tuesday's episode of "Mad Money."

Why Arista Networks Was Trading Flat Today After Crushing Q2 Estimates

Investors cool on the company following initial excitement about its performance for the period.

Up 13% Last Week, Arista Networks Stock Looks Set To Continue Its Streak

Arista Networks Inc. stock (NYSE: ANET) is up 13% in the past week (five trading days), performing better than the S&P 500 which was up 4.2% over this period.

Arista (ANET) Beats Q2 Earnings Estimates on Solid Revenues

Solid top-line growth driven by healthy demand trends helps Arista (ANET) to beat second-quarter 2022 earnings estimates.

Arista stock jumps on strong results: Networking company ‘a little oasis' amid talk of a recession

Arista Networks Inc. shares surged Tuesday toward a three-month high, lifted by the networking company's strong second-quarter results and robust guidance.

Arista Networks Soars on Earnings Beat -- Is This Growth Stock a Buy?

This cloud computing company impressed Wall Street with its second-quarter earnings report.

Arista Shares Jump as Earnings Top Estimates

The networking hardware company continued to benefit from infrastructure spending by cloud and enterprise data center customers.

Arista Networks (ANET) Q2 Earnings and Revenues Beat Estimates

Arista Networks (ANET) delivered earnings and revenue surprises of 17.39% and 7.74%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Arista Shares Jump as Earnings Top Estimates on Strong Cloud Demand

Arista topped both its own guidance and Wall Street estimates for both revenue and profits.

Arista Networks shares soar on sales, earnings beat and strong guidance

Arista Networks Inc. surged in the extended session Monday after the networking company reported second-quarter results that topped Wall Street's estimates.

ANET Stock Jumps On Earnings Beat As Quarterly Revenue Tops $1 Billion

ANET stock climbed after second-quarter earnings and revenue handily beat estimates as quarterly sales topped $1 billion for first time. The post ANET Stock Jumps On Earnings Beat As Quarterly Revenue T...

Arista Networks, Inc. Reports Second Quarter 2022 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, campus and routing environments, today anno...

Can Top-Line Growth Buoy Arista's (ANET) Earnings in Q2?

Healthy demand trends are likely to result in top-line growth for Arista (ANET) in the second quarter of 2022.

Arista and Juniper Get Double-Downgraded. An Analyst Sees Slower Networking Demand.

The recession won't spare demand for routers and switches, especially after strong spending during the pandemic, BofA warns.

Other symbols: JNPR

Arista stock rises after upgrade: ‘This is the kind of name to own as the economy weakens'

Arista Networks Inc. is “one of the most insulated from macro pressures” in the networking sector, according to a Needham analyst, who upgraded the stock to buy from hold Tuesday given the company's com...

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Other symbols: FVRR

Arista Networks to Announce Q2 2022 Financial Results on Monday, August 1st, 2022

SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks, Inc. (NYSE:ANET) will release its financial results for the quarter ended June 30th, 2022 after U.S. markets close on Monday, August 1st, 2022. The...