NYSE · ANET
Arista Networks, Inc.
Technology · Computer Hardware
$206.55▲ 0.41% ($0.85)at close
After hours$207.09▲ 0.26%7:24 PM ET
Market cap
$260.08B
P/E
65.11
EPS (TTM)
$3.17
Next earnings
Nov 3, 2026
Valuation
Revenue & margin DCF
Verdict: expensive. Price above all scenarios.
The price needs 38.5% revenue growth a year for 10 years. Our scenarios assume 13.2–22.9%.
That's 1.2× its past 4-year pace.
Value per share
Base case
$66.41
Price used $206.55 is 3.1× this
USD · TTM ending Jun 30, 2026 · Price Sep 25, 8:00 PM UTC
Revenue each value needs
Revenue today $10.5B. The price needs $274B by 2036. Base case: $56.9B. At its recent pace: $172B. Bear to Bull: $36.4B to $82.9B.
Revenue today $10.5B. The price needs $274B by 2036. Base case: $56.9B. At its recent pace: $172B. Bear to Bull: $36.4B to $82.9B.
Revenue in 2036
today $10.5B
+$218Bmore than the Base case · 4.8×
Value per share · Base case
$66.41
Price $206.55
3.1× this
- 10-yr revenue CAGR
- 18.4%
- Ending operating margin
- 30.0%
- Discount rate
- 14.1%
USD · TTM ending Jun 30, 2026 · Price Sep 25, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 44.38% over the last year. Revenue grew 32.57% over the trailing twelve months. Operating margin moved from 43.14% to 43.14%. Free cash flow grew 29.68% 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 (80th 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 43.14% — continued expansion would be needed to justify the premium. Revenue growth of 32.57% 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.
Return analysis
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.
Market multiples
Stock splits
Every 1 shares became 4
Every 1 shares became 4
Profitability & growth
Analyst consensus
41
Buy
12
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
Nov 3, 2026
Q4 FY26 · EPS est $1.06 · Revenue est $3.33B
View
Institutional Sentiment
Arista Networks, Inc. · ANET
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.