NYSE: ANET
Arista Networks, Inc.
Technology · Computer Hardware
After hours: $169.10(-0.34%) · as of 7:59 PM ET
Market Cap
$213.64B
52w High
$179.80
52w Low
$85.58
P/E
58.09
Volume
11.02M
Outstanding Shares
1.26B
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 88.02% over the last year. Revenue grew 30.57% over the trailing twelve months. Operating margin moved from 42.27% to 42.79%. Free cash flow grew 39.44% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (65th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 42.79% — continued expansion would be needed to justify the premium. Revenue growth of 30.57% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Arista Networks, Inc. is a leading global technology firm that designs, promotes, and distributes innovative cloud networking solutions across the Americas, Europe, the Middle East, Africa, and Asia-Pacific regions.
Valuation
Stock splits
Every 1 shares became 4
Every 1 shares became 4
Profitability & growth
Analyst consensus
39
Buy
13
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 4, 2026
Q3 FY26 · EPS est $0.89 · Revenue est $2.83B
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