Inside the research

Arista Networks, Inc.

ANET Research profile · latest available data

Price overview

$206.55

▲ +0.85 (+0.4%)

52w hi$210.50
52w lo$116.13
Vol4.38M
As of25 Sep 2026

The Verdict

Buy

Our score +0.50

Short+0.06
Medium+0.79
Long+0.81

computed 2026-09-27

Key fundamentals

Arista Networks, Inc.

Technology · Computer Hardware

Market cap$260.51B
Enterprise value$247.16B
Trailing P/E65.57x
Forward P/E39.82x
EV / EBITDA53.27x
P / S (ttm)24.71x
Profit margin38.4%
Return on equity31.5%
Revenue growth+37.7%
Earnings growth+35.7%

Layer Breakdown

LayerRawContribution
Fundamental+0.30
Sector+0.19
Technical+0.16
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

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. Arista Networks, Inc. was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. The company was incorporated in 2004 and is headquartered in Santa Clara, California.

United States · www.arista.com

Risk Metrics

Beta vs SPX1.83
Corr SPX0.54
Annual vol54.6%
Annual ret+53.4%
Sharpe0.98
Max DD-50.4%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$188.59
High / Low$220.00 / $173.00
Median$186.00
Analysts26
Strong Buy7
Buy21
Hold1
Sell0
Strong Sell0

Recent rating actions

2026-05-07Barclays→ Overweight
2026-05-06UBS→ Buy
2026-05-06TD Cowen→ Buy
2026-05-06Rosenblatt→ Buy
2026-05-06Piper Sandler→ Overweight
2026-05-06Needham→ Buy

Material Events

DateEvent8-K
2026-08-04Earnings Release, Exhibitsread
2026-06-02Shareholder Voteread
2026-05-05Earnings Release, Exhibitsread
2026-02-12Earnings Release, Exhibitsread
2025-11-04Earnings Release, Exhibitsread
2025-09-08Officer / Director Change, Bylaws Amendment…read
2025-08-05Earnings Release, Exhibitsread
2025-06-16Officer / Director Change, Exhibitsread
2025-06-03Shareholder Voteread
2025-05-06Earnings Release, Officer / Director Change…read
2025-03-17Officer / Director Change, Other Material Event…read
2025-02-18Earnings Release, Exhibitsread

Insider Trades

DateInsiderRoleActionSharesValue
2026-08-12Ullal JayshreeCEO and ChairpersonSell417$88.14K
2026-08-12Ullal JayshreeCEO and ChairpersonSell9.13K$1.93M
2026-08-12Ullal JayshreeCEO and ChairpersonSell1.67K$349.69K
2026-08-12Ullal JayshreeCEO and ChairpersonSell24.32K$5.07M
2026-08-12Ullal JayshreeCEO and ChairpersonSell47.03K$9.76M
2026-08-12Ullal JayshreeCEO and ChairpersonSell22$4.65K
2026-08-12Ullal JayshreeCEO and ChairpersonSell496$104.64K
2026-08-12Ullal JayshreeCEO and ChairpersonSell91$19.03K
2026-08-12Ullal JayshreeCEO and ChairpersonSell1.32K$275.16K
2026-08-12Ullal JayshreeCEO and ChairpersonSell2.55K$529.77K

Flow & Concentration

Insider 180d net-$729.25M
Insider buys / sells0 / 178
Insider biasSellers
13F holders8
Top-5 share98.4%
HHI3,504 (concentrated)

Top Holders

HolderValueShares
State Street Corp$8.18B48.17M
Fidelity / FMR LLC$8.04B47.35M
Capital Research / Capital World$1.09B6.43M
AQR Capital Management$1.00B5.93M
Citadel Advisors$975.65M5.74M
Millennium Management$274.50M1.62M
Bridgewater Associates$43.20M254.28K
T. Rowe Price Group$3.95M23.23M

As of 2026-06-30

SEC Filings

DateFormDoc
2026-08-144view
2026-08-104view
2026-08-074view
2026-08-074view
2026-08-074view
2026-08-074view
2026-08-054view
2026-08-0510-Qview
2026-08-048-Kview
2026-07-224view
2026-07-164view
2026-07-144view
2026-07-134view
2026-07-074view
2026-07-064view

The Long Run

FY 2014–2025 · 12 years

LineLatestCAGRTrend
Revenue$5.86B+23.3%
Gross profit$3.63B+35.1%
Operating income$3.86B+36.5%
Net income$2.09B+51.7%
Cash from ops$2.03B+28.2%

Indices

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$208.85$212.00$205.52$206.554.38M
Sep 24$199.91$206.54$198.76$205.703.56M
Sep 23$205.46$206.48$200.75$203.473.97M
Sep 22$204.35$208.26$203.26$205.194.57M
Sep 21$203.47$205.95$200.74$205.425.00M

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