Symbols / ANET
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. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.
Fundamentals
Scroll to Statements| Sector | Technology | Industry | Computer Hardware | Market Cap | 179.55B |
| Enterprise Value | 168.59B | Income | 3.51B | Sales | 9.01B |
| Book/sh | 9.84 | Cash/sh | 8.54 | Dividend Yield | — |
| Payout | 0.00% | Employees | — | IPO | — |
| P/E | 51.85 | Forward P/E | 33.63 | PEG | — |
| P/S | 19.94 | P/B | 14.50 | P/C | — |
| EV/EBITDA | 42.91 | EV/Sales | 18.72 | Quick Ratio | 2.35 |
| Current Ratio | 3.05 | Debt/Eq | — | LT Debt/Eq | — |
| EPS (ttm) | 2.75 | EPS next Y | 4.24 | EPS Growth | 19.60% |
| 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 | 1.23% | Short Ratio | 1.62 |
| Short Interest | — | 52W High | 164.94 | 52W Low | 59.43 |
| Beta | 1.44 | Avg Volume | 7.95M | Volume | 6.89M |
| Target Price | $178.06 | Recom | Strong_buy | Prev Close | $141.59 |
| Price | $142.58 | Change | 0.70% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$178.06
Mean price target
2. Current target
$142.58
Latest analyst target
3. DCF / Fair value
$49.06
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$142.58
Low
$140.00
High
$220.00
Mean
$178.06
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 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 |
| 2025-09-12 | main | Goldman Sachs | Buy → Buy | $175 |
| 2025-09-12 | main | Morgan Stanley | Overweight → Overweight | $140 |
| 2025-09-12 | main | Citigroup | Buy → Buy | $176 |
- Should ANET Stock Be Added to Your Portfolio Post Record Q4 Earnings? - Yahoo Finance ue, 17 Feb 2026 14
- Arista Earnings Beat. Cloud Networking Leader Raises 2026 Outlook. - Investor's Business Daily Fri, 13 Feb 2026 12
- Nvidia, Meta stocks rise after expanded AI infrastructure pact; AMD sinks - Investing.com ue, 17 Feb 2026 22
- Arista Networks: Expect Growth To Pick Up In The Second Half Of 2026 (NYSE:ANET) - Seeking Alpha ue, 17 Feb 2026 20
- The AI Backbone: A Deep Dive into Arista Networks (ANET) After the Q4 Earnings Beat - FinancialContent ue, 17 Feb 2026 14
- AI network vendor Arista tops $1B in quarterly profit as 2025 revenue hits $9B - Stock Titan hu, 12 Feb 2026 21
- $ANET stock is up 7% today. Here's what we see in our data. - Quiver Quantitative Fri, 13 Feb 2026 14
- Arista Networks (NYSE:ANET) Stock Price Down 1.7% - What's Next? - MarketBeat Wed, 11 Feb 2026 23
- Is It Too Late To Consider Arista Networks (ANET) After AI Data Center Hype-Driven Rally? - simplywall.st Fri, 13 Feb 2026 00
- Arista Networks stock price: ANET set for Tuesday trade after CEO flags “horrendous” memory costs - TechStock² Mon, 16 Feb 2026 16
- These AI Cloud Stocks Are Starting to Soar Again Thanks to Nvidia: ANET, CRWV - Yahoo Finance Wed, 28 Jan 2026 08
- Arista Networks Raises The Bar - Hyperscalers Unleash Capex (Q4 Review) (NYSE:ANET) - Seeking Alpha Fri, 13 Feb 2026 12
- New Analyst Forecast: $ANET Given $185 Price Target - Quiver Quantitative Fri, 13 Feb 2026 12
- How Arista’s Strong Q4 2025 Results and AI Cloud Guidance Will Impact Arista Networks (ANET) Investors - simplywall.st Sun, 15 Feb 2026 11
- Is It Too Late To Consider Arista Networks (ANET) After A 23% One-Year Gain? - Yahoo Finance Fri, 13 Feb 2026 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 8000 | 1123469.0 | — | Sale at price 138.91 - 141.94 per share. | GIANCARLO CHARLES H | Director | — | 2026-02-02 00:00:00 | I |
| 1 | 56000 | 7192212.0 | — | Sale at price 127.28 - 129.90 per share. | DUDA KENNETH | President | — | 2026-01-20 00:00:00 | D/I |
| 2 | 30000 | 105450.0 | — | Conversion of Exercise of derivative security at price 3.52 per share. | DUDA KENNETH | President | — | 2026-01-20 00:00:00 | D |
| 3 | 8000 | 1070291.0 | — | Sale at price 132.97 - 135.70 per share. | GIANCARLO CHARLES H | Director | — | 2026-01-02 00:00:00 | I |
| 4 | 56000 | 6896722.0 | — | Sale at price 122.43 - 126.44 per share. | DUDA KENNETH | Chief Executive Officer | — | 2025-12-17 00:00:00 | D/I |
| 5 | 30000 | 105450.0 | — | Conversion of Exercise of derivative security at price 3.52 per share. | DUDA KENNETH | Chief Executive Officer | — | 2025-12-17 00:00:00 | D |
| 6 | 8000 | 1024749.0 | — | Sale at price 126.93 - 128.58 per share. | GIANCARLO CHARLES H | Director | — | 2025-12-01 00:00:00 | I |
| 7 | 24042 | 2994534.0 | — | Sale at price 123.20 - 125.62 per share. | ULLAL JAYSHREE | Chief Executive Officer | — | 2025-11-25 00:00:00 | D |
| 8 | 422 | 49436.0 | — | Sale at price 115.30 - 119.16 per share. | BATTLES KELLY BODNAR | Director | — | 2025-11-21 00:00:00 | D |
| 9 | 971 | nan | — | — | WASSENAAR YVONNE | Director | — | 2025-11-20 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.13 | 0.14 | 0.14 | 0.10 |
| NormalizedEBITDA | 3.01B | 2.33B | 1.59B | 975.07M |
| TotalUnusualItems | 18.70M | 27.48M | ||
| TotalUnusualItemsExcludingGoodwill | 18.70M | 27.48M | ||
| NetIncomeFromContinuingOperationNetMinorityInterest | 2.85B | 2.09B | 1.35B | 840.85M |
| ReconciledDepreciation | 62.04M | 70.63M | 62.70M | 50.33M |
| ReconciledCostOfRevenue | 2.51B | 2.23B | 1.71B | 1.07B |
| EBITDA | 3.01B | 2.33B | 1.59B | 975.07M |
| EBIT | 2.94B | 2.26B | 1.53B | 924.74M |
| NetInterestIncome | 311.00M | 152.42M | 27.56M | 7.21M |
| InterestIncome | 311.00M | 152.42M | 27.56M | 7.21M |
| NormalizedIncome | 2.85B | 2.09B | 1.35B | 840.85M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 2.85B | 2.09B | 1.35B | 840.85M |
| TotalExpenses | 4.06B | 3.60B | 2.85B | 2.02B |
| TotalOperatingIncomeAsReported | 2.94B | 2.26B | 1.53B | 924.74M |
| DilutedAverageShares | 1.28B | 1.28B | 1.27B | 1.27B |
| BasicAverageShares | 1.26B | 1.26B | 1.24B | 1.23B |
| DilutedEPS | 2.75 | 2.23 | 1.65 | 1.07 |
| BasicEPS | 2.79 | 2.27 | 1.69 | 1.10 |
| DilutedNIAvailtoComStockholders | 2.85B | 2.09B | 1.35B | 840.85M |
| NetIncomeCommonStockholders | 2.85B | 2.09B | 1.35B | 840.85M |
| NetIncome | 2.85B | 2.09B | 1.35B | 840.85M |
| NetIncomeIncludingNoncontrollingInterests | 2.85B | 2.09B | 1.35B | 840.85M |
| NetIncomeContinuousOperations | 2.85B | 2.09B | 1.35B | 840.85M |
| TaxProvision | 412.98M | 334.70M | 229.35M | 90.03M |
| PretaxIncome | 3.27B | 2.42B | 1.58B | 930.88M |
| OtherIncomeExpense | 9.42M | 12.36M | 27.13M | 6.14M |
| OtherNonOperatingIncomeExpenses | 9.42M | 12.36M | 27.13M | 6.14M |
| GainOnSaleOfSecurity | 18.70M | 27.48M | ||
| NetNonOperatingInterestIncomeExpense | 311.00M | 152.42M | 27.56M | 7.21M |
| InterestIncomeNonOperating | 311.00M | 152.42M | 27.56M | 7.21M |
| OperatingIncome | 2.94B | 2.26B | 1.53B | 924.74M |
| OperatingExpense | 1.55B | 1.37B | 1.15B | 956.04M |
| ResearchAndDevelopment | 996.72M | 854.92M | 728.39M | 586.75M |
| SellingGeneralAndAdministration | 549.97M | 518.11M | 420.20M | 369.29M |
| SellingAndMarketingExpense | 427.26M | 399.03M | 326.95M | 286.17M |
| GeneralAndAdministrativeExpense | 122.71M | 119.08M | 93.24M | 83.12M |
| OtherGandA | 122.71M | 119.08M | 93.24M | 83.12M |
| GrossProfit | 4.49B | 3.63B | 2.68B | 1.88B |
| CostOfRevenue | 2.51B | 2.23B | 1.71B | 1.07B |
| TotalRevenue | 7.00B | 5.86B | 4.38B | 2.95B |
| OperatingRevenue | 7.00B | 5.86B | 4.38B | 2.95B |
| Line Item | 2023-12-31 | |||
|---|---|---|---|---|
| TreasurySharesNumber | 0.00 | |||
| OrdinarySharesNumber | 1.26B | 1.25B | 1.23B | 1.23B |
| ShareIssued | 1.26B | 1.25B | 1.23B | 1.23B |
| TotalDebt | 43.96M | 56.53M | ||
| TangibleBookValue | 9.66B | 6.86B | 4.50B | 3.70B |
| InvestedCapital | 9.99B | 7.22B | 4.89B | 3.98B |
| WorkingCapital | 9.18B | 6.48B | 4.26B | 3.70B |
| NetTangibleAssets | 9.66B | 6.86B | 4.50B | 3.70B |
| CapitalLeaseObligations | 43.96M | 56.53M | ||
| CommonStockEquity | 9.99B | 7.22B | 4.89B | 3.98B |
| TotalCapitalization | 9.99B | 7.22B | 4.89B | 3.98B |
| TotalEquityGrossMinorityInterest | 9.99B | 7.22B | 4.89B | 3.98B |
| StockholdersEquity | 9.99B | 7.22B | 4.89B | 3.98B |
| GainsLossesNotAffectingRetainedEarnings | -13.19M | -3.33M | -33.91M | -8.30M |
| OtherEquityAdjustments | -13.19M | -3.33M | -33.91M | -8.30M |
| RetainedEarnings | 7.54B | 5.11B | 3.14B | 2.46B |
| AdditionalPaidInCapital | 2.47B | 2.11B | 1.78B | 1.53B |
| CapitalStock | 126.00K | 125.00K | 31.00K | 31.00K |
| CommonStock | 126.00K | 125.00K | 31.00K | 31.00K |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 4.05B | 2.74B | 1.89B | 1.76B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 1.32B | 818.14M | 596.06M | 646.00M |
| OtherNonCurrentLiabilities | 252.76M | 227.14M | 102.41M | 54.75M |
| TradeandOtherPayablesNonCurrent | 95.75M | 89.84M | 69.92M | |
| NonCurrentDeferredLiabilities | 1.06B | 591.00M | 403.81M | 464.81M |
| NonCurrentDeferredRevenue | 1.06B | 591.00M | 403.81M | 335.73M |
| NonCurrentDeferredTaxesLiabilities | 42.00K | 129.07M | ||
| LongTermDebtAndCapitalLeaseObligation | 43.96M | 56.53M | ||
| LongTermCapitalLeaseObligation | 43.96M | 56.53M | ||
| CurrentLiabilities | 2.73B | 1.92B | 1.29B | 1.11B |
| OtherCurrentLiabilities | 188.58M | 161.87M | 131.04M | 86.97M |
| CurrentDeferredLiabilities | 1.73B | 915.20M | 637.43M | 593.58M |
| CurrentDeferredRevenue | 1.73B | 915.20M | 637.43M | 593.58M |
| PensionandOtherPostRetirementBenefitPlansCurrent | 147.85M | 134.22M | 117.05M | |
| PayablesAndAccruedExpenses | 668.51M | 708.14M | 408.01M | 429.28M |
| CurrentAccruedExpenses | 287.43M | 273.08M | 175.43M | 226.64M |
| Payables | 381.08M | 435.06M | 232.57M | 202.64M |
| AccountsPayable | 381.08M | 435.06M | 232.57M | 202.64M |
| TotalAssets | 14.04B | 9.96B | 6.78B | 5.73B |
| TotalNonCurrentAssets | 2.13B | 1.56B | 1.22B | 921.75M |
| OtherNonCurrentAssets | 263.30M | 151.90M | 166.61M | 33.44M |
| NonCurrentDeferredAssets | 1.44B | 945.79M | 574.91M | 442.30M |
| NonCurrentDeferredTaxesAssets | 1.44B | 945.79M | 574.91M | 442.30M |
| InvestmentsAndAdvances | 39.47M | 20.25M | ||
| GoodwillAndOtherIntangibleAssets | 330.54M | 357.30M | 388.13M | 281.95M |
| OtherIntangibleAssets | 62.01M | 88.77M | 122.20M | 93.56M |
| Goodwill | 268.53M | 268.53M | 265.92M | 188.40M |
| NetPPE | 98.84M | 101.58M | 95.01M | 143.82M |
| AccumulatedDepreciation | -219.41M | -188.08M | -156.85M | -133.02M |
| GrossPPE | 318.25M | 289.66M | 251.86M | 276.84M |
| Leases | 34.71M | 34.58M | 30.10M | 30.50M |
| ConstructionInProgress | 8.21M | 4.24M | 2.12M | 2.38M |
| OtherProperties | 175.80M | 65.18M | ||
| MachineryFurnitureEquipment | 228.14M | 206.19M | 178.13M | 138.63M |
| LandAndImprovements | 47.19M | 44.65M | 41.50M | 40.15M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 11.91B | 8.40B | 5.55B | 4.81B |
| OtherCurrentAssets | 632.29M | 412.52M | 124.36M | 172.89M |
| PrepaidAssets | 412.52M | 314.22M | 64.84M | |
| Inventory | 1.83B | 1.95B | 1.29B | 650.12M |
| FinishedGoods | 1.27B | 1.01B | 530.19M | 333.38M |
| RawMaterials | 565.38M | 930.78M | 759.52M | 316.74M |
| Receivables | 1.14B | 1.03B | 923.10M | 516.51M |
| AccountsReceivable | 1.14B | 1.03B | 923.10M | 516.51M |
| AllowanceForDoubtfulAccountsReceivable | -9.91M | -5.39M | -5.09M | |
| GrossAccountsReceivable | 1.03B | 928.49M | 521.60M | |
| CashCashEquivalentsAndShortTermInvestments | 8.30B | 5.01B | 3.02B | 3.41B |
| OtherShortTermInvestments | 5.54B | 3.07B | 2.35B | 2.79B |
| CashAndCashEquivalents | 2.76B | 1.94B | 671.71M | 620.81M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 3.68B | 2.00B | 448.17M | 951.12M |
| RepurchaseOfCapitalStock | -423.62M | -112.28M | -670.29M | -411.64M |
| CapitalExpenditure | -32.03M | -34.43M | -44.64M | -64.74M |
| IncomeTaxPaidSupplementalData | 970.64M | 686.15M | 427.85M | 189.77M |
| EndCashPosition | 2.76B | 1.94B | 675.98M | 625.05M |
| BeginningCashPosition | 1.94B | 675.98M | 625.05M | 897.45M |
| EffectOfExchangeRateChanges | -4.77M | 675.00K | -3.61M | -1.82M |
| ChangesInCash | 829.07M | 1.26B | 54.54M | -270.59M |
| FinancingCashFlow | -421.81M | -83.75M | -654.60M | -360.88M |
| CashFlowFromContinuingFinancingActivities | -421.81M | -83.75M | -654.60M | -360.88M |
| NetOtherFinancingCharges | -58.37M | -33.56M | -32.73M | -16.48M |
| ProceedsFromStockOptionExercised | 60.18M | 62.09M | 48.41M | 67.25M |
| NetCommonStockIssuance | -423.62M | -112.28M | -670.29M | -411.64M |
| CommonStockPayments | -423.62M | -112.28M | -670.29M | -411.64M |
| InvestingCashFlow | -2.46B | -687.45M | 216.33M | -925.56M |
| CashFlowFromContinuingInvestingActivities | -2.46B | -687.45M | 216.33M | -925.56M |
| NetOtherInvestingChanges | -6.63M | -3.16M | -12.69M | 1.30M |
| NetInvestmentPurchaseAndSale | -2.42B | -651.65M | 418.75M | -862.12M |
| SaleOfInvestment | 2.11B | 1.96B | 1.84B | 1.48B |
| PurchaseOfInvestment | -4.53B | -2.61B | -1.42B | -2.34B |
| NetBusinessPurchaseAndSale | 0.00 | 1.80M | -145.09M | 1.30M |
| SaleOfBusiness | 0.00 | 1.80M | 1.30M | |
| PurchaseOfBusiness | -145.09M | -19.93M | ||
| NetPPEPurchaseAndSale | -32.03M | -34.43M | -44.64M | -64.74M |
| PurchaseOfPPE | -32.03M | -34.43M | -44.64M | -64.74M |
| OperatingCashFlow | 3.71B | 2.03B | 492.81M | 1.02B |
| CashFlowFromContinuingOperatingActivities | 3.71B | 2.03B | 492.81M | 1.02B |
| ChangeInWorkingCapital | 985.18M | -15.92M | -912.82M | -6.88M |
| ChangeInOtherWorkingCapital | 1.22B | 485.13M | 142.98M | 275.90M |
| ChangeInOtherCurrentLiabilities | 47.82M | 128.15M | 71.12M | 78.19M |
| ChangeInOtherCurrentAssets | -234.24M | -66.40M | -117.47M | -130.22M |
| ChangeInPayablesAndAccruedExpense | -51.63M | 198.61M | 31.44M | 66.68M |
| ChangeInAccruedExpense | 66.59M | 83.52M | ||
| ChangeInPayable | -51.63M | 198.61M | 31.44M | 66.68M |
| ChangeInAccountPayable | -51.63M | 198.61M | 31.44M | 66.68M |
| ChangeInTaxPayable | 44.03M | 6.22M | ||
| ChangeInIncomeTaxPayable | 44.03M | 6.22M | ||
| ChangeInPrepaidAssets | -85.17M | -134.81M | ||
| ChangeInInventory | 110.61M | -655.47M | -638.95M | -170.45M |
| ChangeInReceivables | -106.08M | -105.93M | -401.95M | -126.97M |
| ChangesInAccountReceivables | -106.08M | -105.93M | -401.95M | -126.97M |
| OtherNonCashItems | 6.94M | -463.00K | -8.83M | 17.11M |
| StockBasedCompensation | 355.36M | 296.76M | 230.93M | 186.88M |
| UnrealizedGainLossOnInvestmentSecurities | -27.48M | 0.00 | ||
| AmortizationOfSecurities | -60.47M | -33.52M | 12.77M | 26.85M |
| DeferredTax | -492.87M | -370.80M | -244.38M | -99.29M |
| DeferredIncomeTax | -492.87M | -370.80M | -244.38M | -99.29M |
| DepreciationAmortizationDepletion | 62.04M | 70.63M | 62.70M | 50.33M |
| DepreciationAndAmortization | 62.04M | 70.63M | 62.70M | 50.33M |
| Depreciation | 70.63M | 62.70M | 50.33M | |
| OperatingGainsLosses | -18.70M | -27.48M | ||
| GainLossOnInvestmentSecurities | -18.70M | -27.48M | ||
| NetIncomeFromContinuingOperations | 2.85B | 2.09B | 1.35B | 840.85M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for ANET
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|