Symbols / ANET $126.25 -0.34% Arista Networks, Inc.

Technology • Computer Hardware • United States • NYQ
ANET Chart
About

Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for AI, 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, cloud and AI networking, cognitive adjacencies, and cognitive network software and services. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, cloud service providers, financial services organizations, government agencies, media and entertainment, healthcare, oil and gas, education, manufacturing, industrial, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. Arista Networks, Inc. was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. The company was incorporated in 2004 and is headquartered in Santa Clara, California.

Fundamentals
Scroll to Statements
Sector Technology Industry Computer Hardware Market Cap 158.98B
Enterprise Value 148.53B Income 3.51B Sales 9.01B
Book/sh 9.85 Cash/sh 8.55 Dividend Yield —
Payout 0.00% Employees 5115 IPO —
P/E 45.91 Forward P/E 29.53 PEG —
P/S 17.65 P/B 12.82 P/C —
EV/EBITDA 37.80 EV/Sales 16.49 Quick Ratio 2.35
Current Ratio 3.05 Debt/Eq 0.73 LT Debt/Eq —
EPS (ttm) 2.75 EPS next Y 4.27 EPS Growth 19.10%
Revenue Growth 28.90% Earnings 2026-05-05 ROA 14.39%
ROE 31.40% ROIC — Gross Margin 64.06%
Oper. Margin 41.52% Profit Margin 38.99% Shs Outstand 1.26B
Shs Float 1.04B Short Float 1.49% Short Ratio 1.97
Short Interest — 52W High 164.94 52W Low 66.59
Beta 1.48 Avg Volume 7.88M Volume 3.03M
Target Price $176.46 Recom Strong_buy Prev Close $126.68
Price $126.25 Change -0.34%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$176.46
Mean price target
2. Current target
$126.25
Latest analyst target
3. DCF / Fair value
$48.53
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$126.25
Low
$140.00
High
$220.00
Mean
$176.46

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-31 init Truist Securities — → Buy $161
2026-03-12 init TD Cowen — → Buy $170
2026-02-18 reit Needham Buy → Buy $185
2026-02-13 main Goldman Sachs Buy → Buy $188
2026-02-13 main Evercore ISI Group Outperform → Outperform $200
2026-02-13 main Barclays Overweight → Overweight $184
2026-02-13 main Wells Fargo Overweight → Overweight $185
2026-02-13 reit Piper Sandler Overweight → Overweight $175
2026-02-13 main Keybanc Overweight → Overweight $178
2026-02-13 main Rosenblatt Neutral → Neutral $165
2026-02-13 main Needham Buy → Buy $185
2026-02-10 main Rosenblatt Neutral → Neutral $165
2026-01-05 up Piper Sandler Neutral → Overweight $159
2025-12-17 main Morgan Stanley Overweight → Overweight $159
2025-11-05 main Barclays Overweight → Overweight $183
2025-11-05 reit Piper Sandler Neutral → Neutral $145
2025-11-05 main Rosenblatt Neutral → Neutral $140
2025-10-10 main Morgan Stanley Overweight → Overweight $171
2025-09-16 main Needham Buy → Buy $160
2025-09-12 main Melius Research Buy → Buy $185
News
RSS: Latest ANET news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-17 DUDA KENNETH President — 32,000 $15.26 $488,400
2026-03-17 DUDA KENNETH President — 58,000 $133.03 $7,780,319
2026-03-16 WASSENAAR YVONNE Director — 1,395 $132.69 $187,404
2026-03-02 GIANCARLO CHARLES H Director — 8,000 $127.90 $1,029,372
2026-02-25 WASSENAAR YVONNE Director — 1,815 $129.41 $240,380
2026-02-23 BATTLES KELLY BODNAR Director — 422 $126.85 $54,042
2026-02-20 ULLAL JAYSHREE Chief Executive Officer — 224,356 — —
2026-02-20 DUDA KENNETH President — 109,246 — —
2026-02-20 WASSENAAR YVONNE Director — 971 — —
2026-02-20 BATTLES KELLY BODNAR Director — 971 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
9,005.70
+28.60%
7,003.10
+19.50%
5,860.20
+33.75%
4,381.31
Operating Revenue
9,005.70
+28.60%
7,003.10
+19.50%
5,860.20
+33.75%
4,381.31
Cost Of Revenue
3,237.00
+28.87%
2,511.80
+12.64%
2,229.90
+30.74%
1,705.61
Reconciled Cost Of Revenue
3,237.00
+28.87%
2,511.80
+12.64%
2,229.90
+30.74%
1,705.61
Gross Profit
5,768.70
+28.44%
4,491.30
+23.72%
3,630.30
+35.68%
2,675.70
Operating Expense
1,912.60
+23.66%
1,546.70
+12.65%
1,373.00
+19.54%
1,148.59
Research And Development
1,237.30
+24.14%
996.70
+16.59%
854.90
+17.37%
728.39
Selling General And Administration
675.30
+22.78%
550.00
+6.16%
518.10
+23.30%
420.20
Selling And Marketing Expense
533.40
+24.83%
427.30
+7.09%
399.00
+22.04%
326.95
General And Administrative Expense
141.90
+15.65%
122.70
+3.02%
119.10
+27.73%
93.24
Other Gand A
141.90
+15.65%
122.70
+3.02%
119.10
+27.73%
93.24
Total Expenses
5,149.60
+26.88%
4,058.50
+12.65%
3,602.90
+26.23%
2,854.20
Operating Income
3,856.10
+30.95%
2,944.60
+30.45%
2,257.30
+47.82%
1,527.11
Total Operating Income As Reported
3,856.10
+30.95%
2,944.60
+30.45%
2,257.30
+47.82%
1,527.11
EBITDA
3,928.70
+30.67%
3,006.60
+29.16%
2,327.90
+46.43%
1,589.81
Normalized EBITDA
3,928.70
+30.67%
3,006.60
+29.16%
2,327.90
+46.43%
1,589.81
Reconciled Depreciation
72.60
+17.10%
62.00
-12.18%
70.60
+12.60%
62.70
EBIT
3,856.10
+30.95%
2,944.60
+30.45%
2,257.30
+47.82%
1,527.11
Total Unusual Items
—
—
18.70
-31.95%
27.48
Total Unusual Items Excluding Goodwill
—
—
18.70
-31.95%
27.48
Net Income
3,511.40
+23.12%
2,852.10
+36.64%
2,087.30
+54.34%
1,352.45
Pretax Income
4,249.70
+30.16%
3,265.10
+34.81%
2,422.00
+53.12%
1,581.80
Net Non Operating Interest Income Expense
383.40
+23.28%
311.00
+104.07%
152.40
+453.06%
27.56
Net Interest Income
383.40
+23.28%
311.00
+104.07%
152.40
+453.06%
27.56
Interest Income Non Operating
383.40
+23.28%
311.00
+104.07%
152.40
+453.06%
27.56
Interest Income
383.40
+23.28%
311.00
+104.07%
152.40
+453.06%
27.56
Other Income Expense
10.20
+7.37%
9.50
-22.76%
12.30
-54.67%
27.13
Other Non Operating Income Expenses
10.20
+7.37%
9.50
-22.76%
12.30
-54.67%
27.13
Gain On Sale Of Security
—
—
18.70
-31.95%
27.48
Tax Provision
738.30
+78.77%
413.00
+23.39%
334.70
+45.93%
229.35
Tax Rate For Calcs
0.00
+38.10%
0.00
-8.70%
0.00
-4.83%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
3,511.40
+23.12%
2,852.10
+36.64%
2,087.30
+54.34%
1,352.45
Net Income From Continuing Operation Net Minority Interest
3,511.40
+23.12%
2,852.10
+36.64%
2,087.30
+54.34%
1,352.45
Net Income From Continuing And Discontinued Operation
3,511.40
+23.12%
2,852.10
+36.64%
2,087.30
+54.34%
1,352.45
Net Income Continuous Operations
3,511.40
+23.12%
2,852.10
+36.64%
2,087.30
+54.34%
1,352.45
Normalized Income
3,511.40
+23.12%
2,852.10
+36.64%
2,087.30
+54.34%
1,352.45
Net Income Common Stockholders
3,511.40
+23.12%
2,852.10
+36.64%
2,087.30
+54.34%
1,352.45
Diluted EPS
2.75
+23.32%
2.23
+35.56%
1.65
+54.10%
1.07
Basic EPS
2.79
+22.91%
2.27
+34.52%
1.69
+53.06%
1.10
Basic Average Shares
1,258.00
+0.14%
1,256.30
+1.53%
1,237.42
+0.94%
1,225.89
Diluted Average Shares
1,275.70
-0.42%
1,281.08
+0.99%
1,268.54
+0.21%
1,265.84
Diluted NI Availto Com Stockholders
3,511.40
+23.12%
2,852.10
+36.64%
2,087.30
+54.34%
1,352.45
Line Item Trend 2023-12-31
Total Assets
9,956.64
Current Assets
8,400.06
Cash Cash Equivalents And Short Term Investments
5,007.97
Cash And Cash Equivalents
1,938.61
Other Short Term Investments
3,069.36
Receivables
1,034.40
Accounts Receivable
1,034.40
Gross Accounts Receivable
1,034.48
Allowance For Doubtful Accounts Receivable
-9.91
Inventory
1,945.18
Raw Materials
930.78
Finished Goods
1,014.40
Prepaid Assets
412.52
Other Current Assets
412.52
Total Non Current Assets
1,556.57
Net PPE
101.58
Gross PPE
289.66
Accumulated Depreciation
-188.08
Properties
0.00
Land And Improvements
44.65
Machinery Furniture Equipment
206.19
Construction In Progress
4.24
Other Properties
—
Leases
34.58
Goodwill And Other Intangible Assets
357.30
Goodwill
268.53
Other Intangible Assets
88.77
Investments And Advances
—
Non Current Deferred Assets
945.79
Non Current Deferred Taxes Assets
945.79
Other Non Current Assets
151.90
Total Liabilities Net Minority Interest
2,737.58
Current Liabilities
1,919.43
Payables And Accrued Expenses
708.14
Payables
435.06
Accounts Payable
435.06
Current Accrued Expenses
273.08
Pensionand Other Post Retirement Benefit Plans Current
134.22
Current Deferred Liabilities
915.20
Current Deferred Revenue
915.20
Other Current Liabilities
161.87
Total Non Current Liabilities Net Minority Interest
818.14
Long Term Debt And Capital Lease Obligation
—
Long Term Capital Lease Obligation
—
Tradeand Other Payables Non Current
95.75
Non Current Deferred Liabilities
591.00
Non Current Deferred Revenue
591.00
Non Current Deferred Taxes Liabilities
—
Other Non Current Liabilities
227.14
Stockholders Equity
7,219.06
Common Stock Equity
7,219.06
Capital Stock
0.12
Common Stock
0.12
Preferred Stock
0.00
Share Issued
1,248.98
Ordinary Shares Number
1,248.98
Treasury Shares Number
0.00
Additional Paid In Capital
2,108.24
Retained Earnings
5,114.02
Gains Losses Not Affecting Retained Earnings
-3.33
Other Equity Adjustments
-3.33
Total Equity Gross Minority Interest
7,219.06
Total Capitalization
7,219.06
Working Capital
6,480.63
Invested Capital
7,219.06
Total Debt
—
Capital Lease Obligations
—
Net Tangible Assets
6,861.76
Tangible Book Value
6,861.76
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
4,371.90
+17.90%
3,708.20
+82.31%
2,034.00
+312.73%
492.81
Cash Flow From Continuing Operating Activities
4,371.90
+17.90%
3,708.20
+82.31%
2,034.00
+312.73%
492.81
Net Income From Continuing Operations
3,511.40
+23.12%
2,852.10
+36.64%
2,087.30
+54.34%
1,352.45
Depreciation Amortization Depletion
72.60
+17.10%
62.00
-12.18%
70.60
+12.60%
62.70
Depreciation
—
—
70.63
+12.65%
62.70
Depreciation And Amortization
72.60
+17.10%
62.00
-12.18%
70.60
+12.60%
62.70
Other Non Cash Items
-27.10
+49.44%
-53.60
-57.65%
-34.00
-285.01%
-8.83
Stock Based Compensation
439.20
+23.58%
355.40
+19.74%
296.80
+28.52%
230.93
Deferred Tax
-312.00
+36.70%
-492.90
-32.93%
-370.80
-51.73%
-244.38
Deferred Income Tax
-312.00
+36.70%
-492.90
-32.93%
-370.80
-51.73%
-244.38
Operating Gains Losses
—
—
-18.70
+31.95%
-27.48
Gain Loss On Investment Securities
—
—
-18.70
+31.95%
-27.48
Unrealized Gain Loss On Investment Securities
—
—
—
-27.48
Change In Working Capital
687.80
-30.19%
985.20
+6296.23%
-15.90
+98.26%
-912.82
Change In Receivables
-746.40
-603.49%
-106.10
-0.19%
-105.90
+73.65%
-401.95
Changes In Account Receivables
-746.40
-603.49%
-106.10
-0.19%
-105.90
+73.65%
-401.95
Change In Inventory
-412.50
-472.97%
110.60
+116.87%
-655.50
-2.59%
-638.95
Change In Prepaid Assets
—
—
—
-85.17
Change In Payables And Accrued Expense
212.70
+280.10%
-118.10
-153.98%
218.80
+596.02%
31.44
Change In Accrued Expense
—
—
—
66.59
Change In Payable
212.70
+280.10%
-118.10
-153.98%
218.80
+596.02%
31.44
Change In Account Payable
260.50
+604.84%
-51.60
-125.98%
198.60
+531.76%
31.44
Change In Other Working Capital
2,452.00
+90.79%
1,285.20
+176.39%
465.00
+225.21%
142.98
Change In Other Current Assets
-937.40
-300.26%
-234.20
-252.71%
-66.40
+43.47%
-117.47
Change In Other Current Liabilities
119.40
+149.79%
47.80
-62.69%
128.10
+80.11%
71.12
Investing Cash Flow
-3,576.20
-45.53%
-2,457.30
-257.43%
-687.50
-417.81%
216.33
Cash Flow From Continuing Investing Activities
-3,576.20
-45.53%
-2,457.30
-257.43%
-687.50
-417.81%
216.33
Net PPE Purchase And Sale
-119.50
-273.44%
-32.00
+6.98%
-34.40
+22.95%
-44.64
Purchase Of PPE
-119.50
-273.44%
-32.00
+6.98%
-34.40
+22.95%
-44.64
Capital Expenditure
-119.50
-273.44%
-32.00
+6.98%
-34.40
+22.95%
-44.64
Net Investment Purchase And Sale
-3,171.60
-31.13%
-2,418.70
-271.14%
-651.70
-255.63%
418.75
Purchase Of Investment
-6,748.40
-49.10%
-4,526.10
-73.62%
-2,606.90
-83.73%
-1,418.86
Sale Of Investment
3,576.80
+69.73%
2,107.40
+7.78%
1,955.20
+6.40%
1,837.61
Net Business Purchase And Sale
-300.00
0.00
-100.00%
1.80
+101.24%
-145.09
Purchase Of Business
-300.00
0.00
—
-145.09
Net Other Investing Changes
14.90
+325.76%
-6.60
-106.25%
-3.20
+74.79%
-12.69
Financing Cash Flow
-1,595.90
-278.35%
-421.80
-403.34%
-83.80
+87.20%
-654.60
Cash Flow From Continuing Financing Activities
-1,595.90
-278.35%
-421.80
-403.34%
-83.80
+87.20%
-654.60
Net Common Stock Issuance
-1,603.10
-278.45%
-423.60
-277.20%
-112.30
+83.25%
-670.29
Common Stock Payments
-1,603.10
-278.45%
-423.60
-277.20%
-112.30
+83.25%
-670.29
Repurchase Of Capital Stock
-1,603.10
-278.45%
-423.60
-277.20%
-112.30
+83.25%
-670.29
Proceeds From Stock Option Exercised
57.70
-4.15%
60.20
-3.06%
62.10
+28.28%
48.41
Net Other Financing Charges
-50.50
+13.53%
-58.40
-73.81%
-33.60
-2.67%
-32.73
Changes In Cash
-800.20
-196.51%
829.10
-34.34%
1,262.70
+2215.22%
54.54
Effect Of Exchange Rate Changes
1.70
+135.42%
-4.80
-700.00%
0.80
+122.15%
-3.61
Beginning Cash Position
2,763.80
+42.50%
1,939.50
+186.91%
676.00
+8.15%
625.05
End Cash Position
1,965.30
-28.89%
2,763.80
+42.50%
1,939.50
+186.92%
675.98
Free Cash Flow
4,252.40
+15.67%
3,676.20
+83.85%
1,999.60
+346.17%
448.17
Income Tax Paid Supplemental Data
1,095.90
+12.91%
970.60
+41.45%
686.20
+60.38%
427.85
Amortization Of Securities
—
-60.47
-80.40%
-33.52
-362.54%
12.77
Change In Income Tax Payable
-47.80
+28.12%
-66.50
-429.21%
20.20
-54.12%
44.03
Change In Tax Payable
-47.80
+28.12%
-66.50
-429.21%
20.20
-54.12%
44.03
Sale Of Business
—
0.00
-100.00%
1.80
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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