Arista Networks, Inc. (ANET)
| Market Cap | 78.53B |
| Revenue (ttm) | 5.86B |
| Net Income (ttm) | 2.09B |
| Shares Out | 312.63M |
| EPS (ttm) | 6.58 |
| PE Ratio | 38.17 |
| Forward PE | 32.85 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,989,967 |
| Open | 246.37 |
| Previous Close | 245.47 |
| Day's Range | 244.09 - 251.71 |
| 52-Week Range | 131.68 - 307.74 |
| Beta | 1.11 |
| Analysts | Buy |
| Price Target | 274.28 (+9.2%) |
| Earnings Date | May 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, 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 StatementsAnalyst Forecast
According to 19 analysts, the average rating for ANET stock is "Buy." The 12-month stock price forecast is $274.28, which is an increase of 9.20% from the latest price.
News
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”.
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.
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.
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...
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.
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 ...
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...
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.
Arista Introduces Universal Network Observability
SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks, Inc (NYSE: ANET), an industry leader in data driven client to cloud networking, today announced a new network observability software offering mer...
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.
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...
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.
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.
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...
Calls of the Day: Applied Materials, Arista Networks and Netflix
The “Halftime Report” Investment Committee debate the biggest analyst calls of the day.
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.
Here's the earnings outlook for semiconductor stocks
CNBC's Deirdre Bosa reports on what to expect from semiconductor earnings.
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, ...
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
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...
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.
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...
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.