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Arista Networks Inc ANET Stock Quote

Morningstar Rating
| Rating as of

NYSE: ANET

Last close prices updated as of Jun 09, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 162.52
  • Sector Technology
  • Industry Computer Hardware
  • Investment Style Large Growth
  • Day Range 161.33  –  167.18
  • Year Range 89.12  –  178.36
  • Market Cap 50.1021 Bil
  • Volume / Avg 3.0 Mil /  3.2 Mil
  • Price / Sales 10.56
  • Price / Book 9.40
  • Forward Div Yield —
  • Trailing Div Yield —

Morningstar‘s Stock Analysis ANET

Valuation
Currency in —
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

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Economic Moat

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Capital Allocation

INVESTOR

Arista Earnings: Selloff Uncalled for After Strong Quarter; We Raise Our Fair Value to $140

Analyst Note

| William Kerwin |

We raise our fair value estimate for wide-moat Arista Networks to $140 per share, from $130. Arista reported first-quarter sales and operating margin ahead of management guidance, but our valuation bump comes primarily from upward revisions to our longer-term growth assumptions. Despite a strong quarter, Arista shares sold off as much as 8% after the print, in our view likely due to concerns over cloud digestion. We don’t share these concerns in the short term and don’t interpret any of management’s commentary as worrisome. In fact, Arista modestly raised its full-year sales guidance, and we continue to expect it to eclipse this figure. Despite our contrarian fair value upgrade following the quarter, we see shares as fully valued.

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Key Statistics ANET

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Company Profile ANET

Business Description

Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.

Contact
5453 Great America Parkway
Santa Clara, CA, 95054
Sector Technology
Industry Computer Hardware
Employees 3,612

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Related News ANET

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Competitors & Peers ANET

More on ANET’s Competitors & Peers

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of ANET’s competitive advantage.

Arista Networks Inc

XNYS: ANET

Cisco Systems Inc

XNAS: CSCO

Hewlett Packard Enterprise Co

XNYS: HPE

Dell Technologies Inc Ordinary Shares - Class C

XNYS: DELL
Price
162.5249.6615.7947.61
Currency
USDUSDUSDUSD
Change
+$0.20 (0.12%) −$0.02 (0.04%) −$0.01 (0.06%) −$0.28 (0.58%)
Market Cap
50.10 Bil202.37 Bil20.39 Bil34.75 Bil
Industry
Computer Hardware Communication Equipment Communication Equipment Computer Hardware
Sector
Technology
Technology
Technology
Technology

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Arista Networks Inc Stock

No. ANET does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

ANET’s market cap is 50.10 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

ANET’s stock style is Large Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

ANET’s price/sales is 10.56.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

ANET’s price/forward earnings is 33.86.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

ANET’s price/book is 9.40.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See ANET’s valuation ratios compared to the Market Index.

ANET’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare ANET’s historical performance against its industry peers and the overall market.