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Arista Networks (ANET)
NYSE:ANET
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ANET Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$168.25 - $376.50
Previous Close$361.71
Volume763.04K
Average Volume (3M)1.96M
Market Cap
$118.75B
Enterprise Value$107.36B
Total Cash (Recent Filing)$6.27B
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)46.9
Beta1.46
Next Earnings
Oct 28, 2024EPS Estimate
$2.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)7.71
Shares Outstanding314,152,875
10 Day Avg. Volume1,487,245
30 Day Avg. Volume1,958,119
Standard Deviation0.11
R-Squared0.24
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)13.48
Price to Sales (P/S)17.97
Price to Cash Flow (P/CF)28.70
P/FCF Ratio28.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue17.01
Enterprise Value/Gross Profit29.57
Enterprise Value/Ebitda37.09
Forecast
1Y Price Target
$368.33Price Target Upside-2.56% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering15
Arista Networks News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceArista posted strong results with revenue, gross margin, operating margin, and free cash flow solidly ahead of forecasts, delivering a 33% increase in EPS against a strong year-ago period.
Future Revenue PotentialArista's product deferred revenue has shown significant growth, indicating strong future revenue potential.
Market PositioningArista has best-in-class ethernet technology despite Nvidia entering the market.
Bears Say
EarningsAsia-Pac revenue in 2Q24 was flat year-over-year and declined by 21% quarter-over-quarter.
Financial PerformanceANET's balance for Binding Contractual Agreements with certain customers declined to $175.1 million, down from $265.5 million.
Market CompetitionEthernet, and Arista’s, speed advantage may be diminishing with the upcoming 1.6T product cycle.
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Ownership Overview
20.82% Insiders
23.45% Mutual Funds
31.22% Other Institutional Investors
24.51% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ANET FAQ
What was Arista Networks’s price range in the past 12 months?
Arista Networks lowest stock price was $168.25 and its highest was $376.50 in the past 12 months.
What is Arista Networks’s market cap?
Currently, no data Available
When is Arista Networks’s upcoming earnings report date?
Arista Networks’s upcoming earnings report date is Oct 28, 2024 which is in 39 days.
How were Arista Networks’s earnings last quarter?
Arista Networks released its earnings results on Jul 30, 2024. The company reported $2.1 earnings per share for the quarter, beating the consensus estimate of $1.944 by $0.156.
Is Arista Networks overvalued?
According to Wall Street analysts Arista Networks’s price is currently Overvalued.
Does Arista Networks pay dividends?
Arista Networks does not currently pay dividends.
What is Arista Networks’s EPS estimate?
Arista Networks’s EPS estimate is $2.08.
How many shares outstanding does Arista Networks have?
Arista Networks has 314,152,860 shares outstanding.
What happened to Arista Networks’s price movement after its last earnings report?
Arista Networks reported an EPS of $2.1 in its last earnings report, beating expectations of $1.944. Following the earnings report the stock price went up 11.281%.
Which hedge fund is a major shareholder of Arista Networks?
Among the largest hedge funds holding Arista Networks’s share is Gilder Gagnon Howe & Co LLC.. It holds Arista Networks’s shares valued at 139M.
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Arista Networks Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$368.33 (-2.56% Downside)
$368.33 (-2.56% Downside)
Blogger Sentiment
Bullish
ANET Sentiment 82%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 690.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days >0.1%
Last 30 Days ▲ 2.6%
Last 30 Days ▲ 2.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
94.44%
12-Months-Change
Fundamentals
Return on Equity
34.46%
Trailing 12-Months
Asset Growth
41.99%
Trailing 12-Months
Company Description
Arista Networks
Incorporated in 2004, Arista Networks, Inc. is a computer networking company based in California. The company is engaged in the development, marketing, and sale of cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
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ANET Earnings Call
Q2 2024
0:00 / 0:00
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ANET Revenue Breakdown
85.83% Product
14.17% Service
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ANET Stock 12 Month Forecast
Average Price Target
$368.33
▼(-2.56% Downside)
Technical Analysis
Best Analysts Covering ANET
1 Year
1 Year Success Rate
26/26 ratings generated profit
1 Year Average Return
+63.72%
reiterated a buy rating 7 months ago
Copying Erik Suppiger's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +63.72% per trade.
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