Arista Networks, Inc. (ANET)
| Market Cap | 73.27B |
| Revenue (ttm) | 5.60B |
| Net Income (ttm) | 1.90B |
| Shares Out | 311.10M |
| EPS (ttm) | 6.00 |
| PE Ratio | 39.25 |
| Forward PE | 32.90 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 653,072 |
| Open | 237.53 |
| Previous Close | 236.97 |
| Day's Range | 234.91 - 237.90 |
| 52-Week Range | 108.91 - 240.68 |
| Beta | 1.11 |
| Analysts | Strong Buy |
| Price Target | 212.94 (-9.58%) |
| Earnings Date | Feb 12, 2024 |
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]
Financial Performance
In 2022, ANET's revenue was $4.38 billion, an increase of 48.62% compared to the previous year's $2.95 billion. Earnings were $1.35 billion, an increase of 60.84%.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for ANET stock is "Strong Buy." The 12-month stock price forecast is $212.94, which is a decrease of -9.58% from the latest price.
News
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...
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 ...
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.
Arista Networks Stock Gains 14% To Hit Record High
ANET stock popped on Tuesday as Oracle (ORCL) emerged as a new customer.
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.
Final Trades: Cleveland-Cliffs, Arista Networks & more
The "Halftime Report" traders give their top picks to watch for the second half.
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...
Final Trades: AAPL, META, CVX and ANET
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
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...
Arista Shares Slide On Fears Of Slowing IT Spending
The networking hardware provider has been on a tear this year, and the risks now look more balanced, says Piper Sandler.
Arista 7130 Series Leads the Way to 25G Ultra-Low Latency Networking
SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks (NYSE:ANET) today announced the next generation 7130 Series for ultra-low latency switching that accelerates 25G networking. With three new 25G op...
Arista Networks to Announce Q3 2023 Financial Results on Monday, October 30th 2023
SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks, Inc. (NYSE:ANET) will release its financial results for the quarter ended September 30th, 2023 after U.S. markets close on Monday, October 30th, ...
Josh Brown sells Arista Networks
Josh Brown, CEO at Ritholtz Wealth Management, joins ‘Halftime Report' to explain why he sold Arista Networks.
Arista Appointed by Spark as Private Telecommunications Cloud Networking Provider
AUCKLAND, New Zealand & SYDNEY--(BUSINESS WIRE)--Arista Networks, Inc. (NYSE: ANET), an industry leader in data-driven, client to cloud networking for large data centre, campus and routing environment...
These Stocks Led the Market in August. It's Still Tech's Year.
For much of Thursday, it looked drug stocks would be August's biggest gainers in the Dow, S&P 500 and Nasdaq 100, but tech firms took the top spots.
Arista Networks upgraded to a buy
The "Halftime Report" traders debate the biggest analyst calls of the day.
Arista Networks: The Smarter Cloud and AI Play
Headquartered in Santa Clara, California, Arista Networks Inc. ( ANET , Financial) is a prominent provider of networking solutions for data centers, cloud computing and enterprise networks. The compan...
Why These 3 Large Caps Are Bucking the August Slump
Barring a sharp reversal, the U.S. stock market's five-month winning streak will come to an abrupt end in August. Fortunately, with the S&P 500 having advanced nearly 20% from November to July, this m...
AI-Powered Growth Propels Arista Networks to New Highs
Shares of Arista Networks Inc. NYSE: ANET rocketed more than 20% higher on August 1 following the company's better-than-expected second-quarter results.
Markets Fall at Midday as Cruise-Line Stocks Drop After Latest Earnings Reports
U.S. equities fell at midday on Aug. 1, 2023, as optimism about corporate earnings faded following the release of the latest batch of reports.
Arista Networks shares rise more than 20% on better-than-expected earnings
The networking company reported earnings after the bell and guided towards another strong quarter.