Arista Networks, Inc. (ANET)

NYSE: ANET · IEX Real-Time Price · USD
267.66
-1.10 (-0.41%)
At close: Feb 23, 2024, 4:00 PM
267.23
-0.43 (-0.16%)
After-hours: Feb 23, 2024, 7:57 PM EST
-0.41%
Market Cap 83.68B
Revenue (ttm) 5.86B
Net Income (ttm) 2.09B
Shares Out 312.63M
EPS (ttm) 6.58
PE Ratio 40.68
Forward PE 35.06
Dividend n/a
Ex-Dividend Date n/a
Volume 1,615,701
Open 269.53
Previous Close 268.76
Day's Range 264.00 - 273.74
52-Week Range 131.68 - 292.66
Beta 1.13
Analysts Strong Buy
Price Target 256.53 (-4.16%)
Earnings Date Feb 12, 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 21 analysts, the average rating for ANET stock is "Strong Buy." The 12-month stock price forecast is $256.53, which is a decrease of -4.16% from the latest price.

Price Target
$256.53
(-4.16% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Nvidia's AI Boom Spurs AMD, ARM, Super Micro, Palantir, and Many Other Stocks

CEO Jen-Hsun Huang said AI is “enabling a whole new industry.”

3 days ago - Barrons

Arista Networks stock soars past big tech rival Cisco

Arista Networks Inc. NYSE: ANET may not be as well known among tech investors as Cisco NASDAQ: CSCO, but it's outperformed its larger rival by a wide margin in the past year.

Other symbols: CSCO
9 days ago - MarketBeat

ANET Slides After Earnings & NVDA A.I. Demand Remains Strong

Arista Networks (ANET) slides despite earnings beat. Jenny Horne discusses this, as well as how USB raises Nvidia's (NVDA) price target to $850 from $580.

Other symbols: NVDA
12 days ago - Schwab Network

Arista Networks' lukewarm Q1 forecast overshadows profit beat

Cloud networking solutions provider Arista Networks forecast current-quarter adjusted gross margin below market expectations on Monday, overshadowing its quarterly profit beat and sending its shares d...

13 days ago - Reuters

CDNS, ANET: Earnings Review

Cadence Design Systems (CDNS) falls after guiding below consensus for 1Q. Nicole Petallides and Kevin Green discuss these earnings along with Arista Networks' (ANET) earnings.

Other symbols: CDNS
13 days ago - Schwab Network

Arista beats on earnings, but its stock pulls back

Arista Networks Inc. met expectations with its revenue outlook Monday while delivering an earnings beat for the most recent quarter, but its stock was pulling back in the extended session.

13 days ago - Market Watch

Arista Networks, Inc. Reports Fourth Quarter and Year End 2023 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 an...

13 days ago - Business Wire

Calls of the Day: Applied Materials, Arista Networks and Netflix

The “Halftime Report” Investment Committee debate the biggest analyst calls of the day.

Other symbols: AMATNFLX
13 days ago - CNBC Television

AI drives broad gains in chips

CNBC's Kristina Partsinevelos joins ‘Halftime Report' to discuss the latest news on AI driving broad gains in the semiconductor sector.

Other symbols: ARMMPWRNVDASMHSNPSTSM
17 days ago - CNBC Television

Here's the earnings outlook for semiconductor stocks

CNBC's Deirdre Bosa reports on what to expect from semiconductor earnings.

Other symbols: AMDAVGOMPWRMRVL
20 days ago - CNBC Television

Arista Networks to Announce Q4 2023 Financial Results on Monday, February 12th 2024

SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks, Inc. (NYSE:ANET) will release its financial results for the quarter ended December 31st, 2023 after U.S. markets close on Monday, February 12th, ...

5 weeks ago - Business Wire

Where will S&P 500 go after new bullish levels?

A rally of 1.43% on January 8 brought the broad index back above its 5-day and 10-day lines, as American Airlines Group Inc. NASDAQ: AAL, Arista Networks Inc. NYSE: ANET, Nvidia Corp. NASDAQ: NVDA, Ad...

Other symbols: AALALKAMDBAFTNTLLYNVDA
6 weeks ago - MarketBeat

These 20 stocks soared the most in 2023

The 2023 rally for stocks in the U.S. accelerated as more investors bought the idea that the Federal Reserve succeeded in its effort to bring inflation to heel.

2 months ago - Market Watch

Here are 3 stocks — other than Nvidia — getting an AI premium from Wall Street

While Nvidia was the big winner for investors this year in the generative AI boom, other tech stocks have also gotten a boost

Other symbols: AMDNET
2 months ago - CNBC

Arista Networks Appoints New CFO

SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks (NYSE:ANET), an industry leader in data-driven, client-to-cloud networking for large data center, campus and routing environments, today announced...

Other symbols: AZPN
3 months ago - Business Wire

AI revolution: 3 stocks set to soar as technology evolves

It's been a wild ride for generative AI platform ChatGPT and its financial backer Microsoft Corp. NASDAQ: MSFT. While those two companies, along with chip designer Nvidia Corp. NASDAQ: NVDA are among ...

3 months ago - MarketBeat

Cisco Earnings Weigh on Arista, Juniper Stocks. Why the Reaction Is Overdone.

Opportunity still remains at Cisco but investors need to be patient, say analysts and wait for its integration of Splunk.

Other symbols: CSCO
3 months ago - Barrons

Arista Networks Unveils Zero Trust Networking Vision

SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks (NYSE: ANET), a leading provider of cloud networking solutions, today announced an expanded zero trust networking architecture that uses the under...

3 months ago - Business Wire

Earnings-season winners: 20 companies that have grown sales while improving profit margins

Earnings season is a time when investors like to see a “beat and raise” pattern. That is, companies report sales and earnings that surprise the market by coming in ahead of analysts' estimates.

3 months ago - Market Watch

Arista Networks Stock Gains 14% To Hit Record High

ANET stock popped on Tuesday as Oracle (ORCL) emerged as a new customer.

4 months ago - Forbes

Volatility is something we plan for, says Arista CEO Jayshree Ullal on Meta's CapEx spending

Jayshree Ullal, Arista Networks CEO, joins 'Closing Bell Overtime' to talk Q3 earnings, the stock performance, what is ahead for the company and more.

4 months ago - CNBC Television

Final Trades: Cleveland-Cliffs, Arista Networks & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: CLFGEHC
4 months ago - CNBC Television

Arista Networks, Inc. Reports Third Quarter 2023 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 an...

4 months ago - Business Wire

Final Trades: AAPL, META, CVX and ANET

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

Other symbols: AAPLMETACVX
4 months ago - CNBC Television

Nvidia and Arista see their stocks drop as Meta capex outlook trails estimates

Shares of Arista Networks Inc. ANET, -2.31% and Nvidia Corp. NVDA, -4.31% were falling in after-hours trading Wednesday after Facebook parent Meta Platforms Inc. META, -4.17% delivered a lower initial...

Other symbols: NVDA
4 months ago - Market Watch