Reading the tape
NYSE: ANET
Arista Networks, Inc.
Technology · Computer Hardware
Market Cap
$217.36B
52w High
$179.80
52w Low
$82.80
P/E
61.83
Volume
7.14M
Outstanding Shares
1.26B
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 90.99%Revenue (TTM): 28.6%FCF (TTM): 15.67%P/FCF: 82nd pct
What changed
The stock rose 90.99% over the last year. Revenue grew 28.6% over the trailing twelve months. Operating margin moved from 42.05% to 42.82%. Free cash flow grew 15.67% 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 (82nd 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 42.82% — continued expansion would be needed to justify the premium. Revenue growth of 28.6% 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. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
CEOJayshree V. Ullal
SectorTechnology
IndustryComputer Hardware
Employees4,412
IPO dateJun 6, 2014
Valuation
Forward P/E—
EV/EBITDA41.46
Enterprise value$162.87B
Stock splits
Dec 4, 2024↑ Forward
Every 1 shares became 4
Nov 18, 2021↑ Forward
Every 1 shares became 4
Profitability & growth
Revenue growth28.87%
Gross margin64.06%▼0.12%vs FY2024
Operating margin42.82%▲1.83%vs FY2024
ROE28.39%▼0.53%vs FY2024
Analyst consensus
RatingBuy
Target price$186.25▲7.90%
38
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
May 5, 2026
Q2 FY26 · EPS est $0.81 · Revenue est $2.62B
View
Congressional Activity
Congress Trades in ANET
STOCK Act disclosures from senators and representatives.
Gilbert Cisneros
CAhouseDemocratSale2026-03-25$1,001 - $15,000+14d to disclose
John Boozman
ARsenateRepublicanPurchaseJoint2025-12-11$1,001 - $15,000+32d to disclose