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Arista Networks (ANET)
NYSE:ANET
Arista Networks (ANET) Stock Price & Analysis
4,649 Followers
ANET Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$133.42 - $316.22
Previous Close$313.66
Volume2.60M
Average Volume (3M)2.66M
Market Cap
$98.29B
Enterprise Value$92.84B
Total Cash (Recent Filing)$5.45B
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)43.6
Beta1.30
Next Earnings
Jul 29, 2024EPS Estimate
$1.94Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)7.19
Shares Outstanding313,363,097
10 Day Avg. Volume3,300,882
30 Day Avg. Volume2,655,751
Standard Deviation0.12
R-Squared0.26
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)12.93
Price to Sales (P/S)62.55
Price to Cash Flow (P/CF)47.30
P/FCF Ratio48.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue15.27
Enterprise Value/Gross Profit25.57
Enterprise Value/Ebitda34.22
Forecast
1Y Price Target
$317.67Price Target Upside-2.56% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering15
Arista Networks News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceArista Networks exceeds revenue and earnings expectations, highlighting robust financial performance.
Growth OutlookAnalysts raise Arista Networks' revenue growth guidance, signaling confidence in its continued expansion.
Strategic DevelopmentsArista Networks' strong focus on AI and network services positions it as a key player in future technology infrastructure.
Bears Say
Financial GuidanceANET did not raise outlook for 2024 revenue growth, which was a disappointment to some investors.
Inventory ManagementANET experienced significant inventory write-downs of approximately $234.4 million, indicating potential issues with inventory management or demand forecasting.
Supply Chain ManagementA decrease in Binding Contractual Agreements for future product shipments may suggest a normalization in supply chain expectations.
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Ownership Overview
21.07% Insiders
25.04% Mutual Funds
33.49% Other Institutional Investors
20.40% 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 $133.42 and its highest was $316.22 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 Jul 29, 2024 which is in 74 days.
How were Arista Networks’s earnings last quarter?
Arista Networks released its earnings results on May 07, 2024. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.738 by $0.252.
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 $1.94.
How many shares outstanding does Arista Networks have?
Arista Networks has 313,363,100 shares outstanding.
What happened to Arista Networks’s price movement after its last earnings report?
Arista Networks reported an EPS of $1.99 in its last earnings report, beating expectations of $1.738. Following the earnings report the stock price went up 6.453%.
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 97M.
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Arista Networks Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$317.67 (-2.56% Downside)
$317.67 (-2.56% Downside)
Blogger Sentiment
Bullish
ANET Sentiment 91%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 186.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.9%
Last 30 Days ▲ 0.3%
Last 30 Days ▲ 0.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
126.25%
12-Months-Change
Fundamentals
Return on Equity
34.70%
Trailing 12-Months
Asset Growth
39.87%
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 Company Deck
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ANET Earnings Call
Q1 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
$317.67
▼(-2.56% Downside)
Technical Analysis
Best Analysts Covering ANET
1 Year
1 Year Success Rate
26/26 ratings generated profit
1 Year Average Return
+60.61%
reiterated a buy rating 3 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 +60.61% per trade.
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