arista networks inc. - ANET
ANET
Close Chg Chg %
381.71 23.19 6.08%
Closed Market
404.90
+23.19 (6.08%)
Volume: 3.30M
Last Updated:
Nov 21, 2024, 3:59 PM EDT
Company Overview: arista networks inc. - ANET
ANET Key Data
| Open $393.48 | Day Range 391.15 - 405.34 |
| 52 Week Range 210.69 - 431.89 | Market Cap $120.22B |
| Shares Outstanding 314.94M | Public Float 257.94M |
| Beta 1.08 | Rev. Per Employee N/A |
| P/E Ratio 45.81 | EPS $8.51 |
| Yield 0.00% | Dividend N/A |
| EX-DIVIDEND DATE | SHORT INTEREST N/A |
| AVERAGE VOLUME 2.29M |
ANET Performance
| 1 Week | 1.96% | ||
| 1 Month | -3.14% | ||
| 3 Months | 7.48% | ||
| 1 Year | 74.78% | ||
| 5 Years | 685.05% |
ANET Analyst Ratings
- Sell
- Under
- Hold
- Over
- Buy
Number of Ratings
25
Full Ratings ➔
About arista networks inc. - ANET
Arista Networks, Inc. engages in the development, marketing, and sale of cloud networking solutions. Its solutions include EOS, a set of network applications, and Gigabit Ethernet switching and routing platforms. Its product categories include Core, Cognitive Adjacencies, and Network Software and Services. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in November 2004 and is headquartered in Santa Clara, CA.
ANET At a Glance
Arista Networks, Inc.
5453 Great America Parkway
Santa Clara, California 95054
| Phone | 1-408-547-5500 | Revenue | 5.86B | |
| Industry | Computer Peripherals | Net Income | 2.09B | |
| Sector | Electronic Technology | 2023 Sales Growth | 33.754% | |
| Fiscal Year-end | 12 / 2024 | Employees | 4,023 | |
| View SEC Filings |
ANET Valuation
| P/E Current | 45.33 |
| P/E Ratio (with extraordinary items) | N/A |
| P/E Ratio (without extraordinary items) | 35.782 |
| Price to Sales Ratio | 12.745 |
| Price to Book Ratio | 10.187 |
| Price to Cash Flow Ratio | 36.72 |
| Enterprise Value to EBITDA | 29.961 |
| Enterprise Value to Sales | 11.902 |
| Total Debt to Enterprise Value | 0.001 |
ANET Efficiency
| Revenue/Employee | 1,456,666.17 |
| Income Per Employee | 518,846.88 |
| Receivables Turnover | 5.711 |
| Total Asset Turnover | 0.701 |
ANET Liquidity
| Current Ratio | 4.394 |
| Quick Ratio | 3.307 |
| Cash Ratio | 2.623 |
ANET Profitability
| Gross Margin | 61.948 |
| Operating Margin | 38.519 |
| Pretax Margin | 41.33 |
| Net Margin | 35.619 |
| Return on Assets | 24.965 |
| Return on Equity | 34.487 |
| Return on Total Capital | 28.654 |
| Return on Invested Capital | 34.237 |
ANET Capital Structure
| Total Debt to Total Equity | 0.908 |
| Total Debt to Total Capital | 0.899 |
| Total Debt to Total Assets | 0.659 |
| Long-Term Debt to Equity | 0.615 |
| Long-Term Debt to Total Capital | 0.61 |
- Income Statement
- Balance Sheet
- Cash Flow Statement
Annual Financials for Arista Networks Inc. - ANET
Collapse All in section
| All values USD millions. | 2020 | 2021 | 2022 | 2023 | 5-year trend |
|---|---|---|---|---|---|
Sales/Revenue
| 2.32B | 2.95B | 4.38B | 5.86B | |
Sales Growth
| -3.87% | +27.21% | +48.62% | +33.75% | |
Cost of Goods Sold (COGS) incl D&A
| 835.63M | 1.07B | 1.71B | 2.23B | |
COGS excluding D&A
| - | - | - | - | - |
Depreciation & Amortization Expense
| 61.17M | 65.81M | 62.70M | 70.63M | |
Depreciation
| 37.07M | 36.61M | 25.60M | 31.70M | |
Amortization of Intangibles
| 24.10M | 29.20M | 37.10M | 38.93M | |
COGS Growth
| -3.55% | +27.72% | +59.81% | +30.74% | |
Gross Income
| 1.48B | 1.88B | 2.68B | 3.63B | |
Gross Income Growth
| -4.04% | +26.92% | +42.27% | +35.68% | |
Gross Profit Margin
| +63.94% | +63.80% | +61.07% | +61.95% |
| 2020 | 2021 | 2022 | 2023 | 5-year trend | |
|---|---|---|---|---|---|
SG&A Expense
| 782.20M | 956.04M | 1.14B | 1.37B | |
Research & Development
| 486.59M | 586.75M | 728.39M | 854.92M | |
Other SG&A
| 295.61M | 369.29M | 415.50M | 518.11M | |
SGA Growth
| +5.91% | +22.22% | +19.65% | +20.03% | |
Other Operating Expense
| - | - | - | - | - |
Unusual Expense
| - | (4.16M) | (22.78M) | (18.70M) | |
EBIT after Unusual Expense
| 703.85M | 924.74M | 1.55B | 2.28B | |
Non Operating Income/Expense
| 35.02M | 6.14M | 27.21M | 146.08M | |
Non-Operating Interest Income
| 27.14M | 7.21M | 27.56M | 152.42M | |
Equity in Earnings of Affiliates
| - | - | - | - | - |
Interest Expense
| - | - | - | - | - |
Interest Expense Growth
| - | - | - | - | - |
Gross Interest Expense
| - | - | - | - | - |
Interest Capitalized
| - | - | - | - | - |
Pretax Income
| 738.86M | 930.88M | 1.58B | 2.42B | |
Pretax Income Growth
| -14.31% | +25.99% | +69.92% | +53.12% | |
Pretax Margin
| +31.88% | +31.58% | +36.10% | +41.33% | |
Income Tax
| 104.31M | 90.03M | 229.35M | 334.70M | |
Income Tax - Current - Domestic
| 99.98M | 175.68M | 435.48M | 681.32M | |
Income Tax - Current - Foreign
| 12.89M | 13.39M | 38.25M | 24.19M | |
Income Tax - Deferred - Domestic
| (18.44M) | (114.82M) | (254.26M) | (413.42M) | |
Income Tax - Deferred - Foreign
| 9.88M | 15.78M | 9.88M | 42.63M | |
Income Tax Credits
| - | - | - | - | - |
Equity in Earnings of Affiliates
| - | - | - | - | - |
Other After Tax Income (Expense)
| - | - | - | - | - |
Consolidated Net Income
| 634.56M | 840.85M | 1.35B | 2.09B | |
Minority Interest Expense
| - | - | - | - | - |
Net Income
| 634.56M | 840.85M | 1.35B | 2.09B | |
Net Income Growth
| -26.17% | +32.51% | +60.84% | +54.34% | |
Net Margin Growth
| +27.38% | +28.52% | +30.87% | +35.62% | |
Extraordinaries & Discontinued Operations
| - | - | - | - | - |
Discontinued Operations
| - | - | - | - | - |
Net Income After Extraordinaries
| 634.56M | 840.85M | 1.35B | 2.09B | |
Preferred Dividends
| - | - | - | - | - |
Net Income Available to Common
| 634.56M | 840.85M | 1.35B | 2.09B | |
EPS (Basic)
| 2.0878 | 2.7433 | 4.4129 | 6.7474 | |
EPS (Basic) Growth
| -25.85% | +31.40% | +60.86% | +52.90% | |
Basic Shares Outstanding
| 303.94M | 306.51M | 306.47M | 309.35M | |
EPS (Diluted)
| 1.9963 | 2.6339 | 4.2737 | 6.5818 | |
EPS (Diluted) Growth
| -24.86% | +31.94% | +62.26% | +54.01% | |
Diluted Shares Outstanding
| 317.86M | 319.24M | 316.46M | 317.13M | |
EBITDA
| 760.85M | 990.55M | 1.59B | 2.33B | |
EBITDA Growth
| -9.22% | +30.19% | +60.97% | +45.99% | |
EBITDA Margin
| +32.83% | +33.60% | +36.39% | +39.72% |
Snapshot
| Average Recommendation | OVERWEIGHT | Average Target Price | 393.889 | |
| Number of Ratings | 25 | Current Quarters Estimate | 2.256 | |
| FY Report Date | 12 / 2024 | Current Year's Estimate | 8.743 | |
| Last Quarter’s Earnings | 2.40 | Median PE on CY Estimate | N/A | |
| Year Ago Earnings | 6.94 | Next Fiscal Year Estimate | 9.76 | |
| Median PE on Next FY Estimate | N/A |
Earnings Per Share
| This Quarter | Next Quarter | This Fiscal | Next Fiscal | |
|---|---|---|---|---|
| # of Estimates | 21 | 18 | 22 | 22 |
| Mean Estimate | 2.26 | 2.21 | 8.74 | 9.76 |
| High Estimates | 2.47 | 2.58 | 8.97 | 11.18 |
| Low Estimate | 2.05 | 2.05 | 8.38 | 9.19 |
| Coefficient of Variance | 3.95 | 6.28 | 1.36 | 4.65 |
Analysts Recommendations
| Current | 1 Month Ago | 3 Months Ago | |
|---|---|---|---|
| BUY | 16 | 16 | 17 |
| OVERWEIGHT | 3 | 2 | 2 |
| HOLD | 4 | 5 | 6 |
| UNDERWEIGHT | 1 | 1 | 1 |
| SELL | 1 | 1 | 1 |
| MEAN | Overweight | Overweight | Overweight |
SEC Filings for Arista Networks Inc. - ANET
| Filing Date | Type | Category | Amended |
|---|---|---|---|
| No results | |||
Insider Actions for Arista Networks Inc. - ANET
| Date | Name | Shares | Transaction | Value |
|---|---|---|---|---|
| Oct 4, 2024 | Charles H. Giancarlo Director | 46,946 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $388.37 per share | 18,232,418.02 |
| Oct 4, 2024 | John F. McCool Chief Platform Officer | 72 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $388.37 per share | 27,962.64 |
| Oct 4, 2024 | John F. McCool Chief Platform Officer | 652 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $56.58 per share | 36,890.16 |
| Oct 4, 2024 | Marc Peter Taxay SVP and General Counsel | 624 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $56.58 per share | 35,305.92 |
| Oct 4, 2024 | Marc Peter Taxay SVP and General Counsel | N/A | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $388.37 per share | 0.00 |
| Oct 4, 2024 | Marc Peter Taxay SVP and General Counsel | 208 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Oct 4, 2024 | John F. McCool Chief Platform Officer | 236 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $61.11 per share | 14,421.96 |
| Oct 4, 2024 | John F. McCool Chief Platform Officer | 416 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Oct 4, 2024 | Marc Peter Taxay SVP and General Counsel | 208 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $61.11 per share | 12,710.88 |
| Oct 4, 2024 | Marc Peter Taxay SVP and General Counsel | 416 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Oct 4, 2024 | Charles H. Giancarlo Director | 47,067 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $387.16 per share | 18,222,459.72 |
| Oct 4, 2024 | Charles H. Giancarlo Director | 47,133 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $385.92 per share | 18,189,567.36 |
| Oct 4, 2024 | Charles H. Giancarlo Director | 47,155 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $384.57 per share | 18,134,398.35 |
| Oct 4, 2024 | Charles H. Giancarlo Director | 47,368 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $383.57 per share | 18,168,943.76 |
| Oct 4, 2024 | Charles H. Giancarlo Director | 47,621 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $382.43 per share | 18,211,699.03 |
| Oct 4, 2024 | Charles H. Giancarlo Director | 47,955 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $381.47 per share | 18,293,393.85 |
| Oct 4, 2024 | Charles H. Giancarlo Director | 48,473 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $380.44 per share | 18,441,068.12 |
| Oct 4, 2024 | Charles H. Giancarlo Director | 48,671 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $379.59 per share | 18,475,024.89 |
| Oct 4, 2024 | John F. McCool Chief Platform Officer | 168 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |
| Aug 23, 2024 | Mark B. Templeton Director | 12,863 | Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | 0.00 |