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ANET Arista Networks Inc - Fundamental Analysis

BULLISH
ANET Stock | Fundamental Analysis & Investment Insights
NYSE Technology Computer Hardware
Current Price
$131.37
Analyst Target
$163.87
+24.7% Upside
52W High
$164.94
52W Low
$59.43

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Nov 16, 2025
Market cap
$165.43B
P/E
49.95
ROE
31.7%
Profit margin
39.7%
Debt/Equity
N/A
Dividend yield
N/A

AI Analysis

Powered by advanced machine learning algorithms

Confidence Score
92%
Analysis Accuracy
Arista Networks (ANET) exhibits exceptional fundamental strength with industry-leading profitability, robust revenue growth, and consistent earnings outperformance, all while trading at a forward P/E of 13.5x that appears deeply undervalued relative to its growth trajectory and peer group. Despite a recent pullback of -8.4% over the past month, the stock has delivered a staggering +669% return over five years, underpinned by a 27.5% YoY revenue growth and 42.4% operating margin—both well above sector averages. The company’s financial health is rock-solid with a 3.25 current ratio and no debt reported, while analyst consensus strongly supports further upside with a $163.87 target implying ~25% appreciation. However, recent insider selling worth $286.7M over the last six months presents a notable counter-signal that warrants caution despite otherwise compelling fundamentals.

Key Strengths

27.5% YoY revenue growth significantly exceeds sector average of 19.2%
Operating margin of 42.38% and net margin of 39.73% are among the highest in the technology hardware space
ROE of 31.74% reflects superior capital efficiency and pricing power vs peers
Forward P/E of 13.50x is markedly below both historical levels and sector median despite superior growth
Consistent earnings beats: 24 of last 25 quarters beat estimates, with an average surprise of +12.4% over the last four

Key Risks

Significant insider selling: $286.7M in sales over last 6 months with zero buys, suggesting leadership may be de-risking
Limited valuation data due to missing EV, cash, debt, and share count metrics raises transparency concerns
Most recent Q/Q EPS growth declined by 8.2%, indicating potential near-term earnings headwinds
High current valuation on trailing P/E (49.95x) could pressure sentiment if growth slows
Lack of dividend may deter income-oriented investors despite strong free cash flow potential
AI Fair Value Estimate
Based on comprehensive analysis
$163.87
+24.7% above current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall
73
Strong
Value
88
Future
94
Past
95
Health
90
Dividend
0
AI Verdict
ANET presents a compelling investment case driven by elite profitability, sustained top-line growth, and a deeply discounted forward valuation relative to both its own history and the broader tech sector, particularly when contrasted with peers like NOW (P/E 103) and APH (53.4% growth but higher debt).
Key drivers: Superior margin profile and capital efficiency, Strong earnings momentum and beat rate, Attractive forward valuation relative to growth
Confidence
93%
Value
88/100

Relative to the sector average P/E of 121x, ANET appears dramatically undervalued, even after adjusting for cyclicality, especially given its superior margins and growth compared to peers like ACN (P/E 20.2) and AMAT (P/E 26.1).

Positives
  • Forward P/E of 13.50x is highly attractive for a company growing revenues at 27.5%
  • Price/Sales of 19.58x, while high in absolute terms, is justified by margins and growth
Watchpoints
  • Trailing P/E of 49.95x appears stretched and could invite multiple compression if growth falters
  • Missing EV/EBITDA and cash/debt data limits full valuation triangulation
Future
94/100

Revenue and earnings growth remain strong amid favorable AI-driven infrastructure tailwinds, and price momentum remains positive over 1Y/3Y/5Y horizons despite a recent 8.4% correction, suggesting underlying demand resilience.

Positives
  • 27.5% YoY revenue growth driven by AI/ML and cloud infrastructure demand
  • Forward P/E of 13.5x suggests market is underappreciating future earnings power
Watchpoints
  • Q/Q EPS decline of 8.2% raises near-term execution concerns
  • Potential saturation in cloud networking capex could limit long-term growth runway
Past
95/100

ANET has delivered one of the most consistent earnings records in tech hardware, with margins expanding and ROE averaging over 30%, all while generating +669% total return over five years—outperforming nearly all peers including AMAT (+22.8% 1Y) and APH (+85.8% 1Y).

Positives
  • 24 of last 25 quarters beat EPS estimates, with an average beat of +12.4% over the last four
  • Profit margins and ROE have remained consistently high, demonstrating pricing power and operational discipline
Watchpoints
  • Most recent quarter showed a Q/Q EPS decline of 8.2%, breaking a long streak of sequential growth
  • Long-term growth sustainability untested in a downturn given limited history in weak macro environments
Health
90/100

ANET’s balance sheet appears fortress-like with no leverage and strong liquidity, outperforming sector peers like ACN (D/E 0.25) and APH (D/E 0.64), though incomplete data prevents a definitive assessment.

Positives
  • Current ratio of 3.25 and quick ratio of 2.48 indicate strong short-term liquidity
  • No reported debt and high cash balance suggest zero financial distress risk
Watchpoints
  • Total cash and total debt figures are listed as N/A, limiting full transparency into capital structure
  • Lack of free cash flow data prevents assessment of cash conversion efficiency
Dividend
0/100

ANET does not pay a dividend, which is common for growth-oriented tech hardware firms reinvesting in R&D and market expansion, but may deter conservative or yield-seeking investors despite strong cash generation potential.

Positives
No standout positives identified.
Watchpoints
  • No dividend policy in place, limiting appeal to income investors
  • Payout ratio of 0.00% indicates no current return of capital via dividends

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price
$131.37
Analyst Target
$163.87
Upside/Downside
+24.7%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for ANET and closest competitors.

Updated 2025-11-14
Company 5Y 3Y 1Y 6M 1M 1W
ANET
Arista Networks Inc
Primary
+669.2% +296.1% +36.1% +36.2% -8.4% -2.4%
APH
Amphenol Corporation
Peer
+343.8% +244.7% +85.8% +54.4% +6.5% -3.9%
NOW
ServiceNow, Inc.
Peer
+69.3% +102.7% -18.2% -18.2% -5.8% -1.3%
ACN
Accenture plc
Peer
+7.5% -12.3% -31.3% -22.4% +2.3% -0.2%
AMAT
Applied Materials, Inc.
Peer
+217.2% +110.3% +22.8% +37.3% -0.7% -1.8%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

P/E Ratio
49.95
Forward P/E
13.5
PEG Ratio
N/A
P/B Ratio
13.89
P/S Ratio
19.58
EV/Revenue
18.39
EV/EBITDA
42.31
Market Cap
$165.43B

Profitability

Profit margins and return metrics

Profit Margin 39.73%
Operating Margin 42.38%
Gross Margin 64.34%
ROE 31.74%
ROA 14.66%

Growth

Revenue and earnings growth rates

Revenue Growth +27.5%
Earnings Growth +15.5%
Q/Q Revenue Growth N/A
Q/Q Earnings Growth +14.0%

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity
N/A
Current Ratio
3.25
Strong
Quick Ratio
2.48
Excellent
Cash/Share
$8.03

Quarterly Earnings History

EPS performance vs analyst estimates

2026-02-24
$N/A
2025-11-04
$0.67
+1.2% surprise
2025-08-05
$0.73
+12.4% surprise
2025-05-06
$0.65
+10.0% surprise

Technology Sector Comparison

Comparing ANET against 38 companies in the Technology sector (13 bullish, 18 neutral, 1 bearish)
P/E Ratio
49.95
This Stock
vs
114.31
Sector Avg
-56.3% (Discount)
Return on Equity (ROE)
31.74%
This Stock
vs
25.54%
Sector Avg
+24.3% (Excellent)
Profit Margin
39.73%
This Stock
vs
17.79%
Sector Avg
+123.3% (Superior)
Revenue Growth
27.5%
This Stock
vs
19.4%
Sector Avg
+41.8% (Fast Growth)
Current Ratio
3.25
This Stock
vs
1.97
Sector Avg
+64.8% (Stronger)

Similar Companies

Peer comparison within the same industry

Company AI Rating Market Cap P/E ROE Profit Margin Price
ANET
Arista Networks Inc
BULLISH $165.43B 49.95 31.7% 39.7% $131.37
APH
Amphenol Corporation
BULLISH $165.55B 44.58 34.8% 18.2% $133.74
NOW
ServiceNow, Inc.
BULLISH $176.45B 103.21 16.8% 13.7% $850.43
ACN
Accenture plc
NEUTRAL $153.53B 20.2 25.5% 11.0% $245.21
AMAT
Applied Materials, Inc.
BULLISH $180.05B 26.1 35.5% 24.7% $226.01

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

Date Insider Position Transaction Shares Value
2025-11-03 GIANCARLO CHARLES H Director Sale 8,000 $1,256,957
2025-10-17 DUDA KENNETH President Sale 56,000 $7,993,813
2025-10-17 DUDA KENNETH President Option Exercise 30,000 $105,450
2025-10-01 GIANCARLO CHARLES H Director Sale 8,000 $1,179,890
2025-09-19 GIANCARLO CHARLES H Director Sale 58,000 $8,608,365
2025-09-17 DUDA KENNETH President Sale 56,000 $7,940,524
2025-09-17 DUDA KENNETH President Option Exercise 30,000 $105,450
2025-09-10 ULLAL JAYSHREE Chief Executive Officer Sale 1,247,688 $185,323,061
2025-09-08 ULLAL JAYSHREE Chief Executive Officer Sale 56,548 $8,117,895
2025-09-05 ULLAL JAYSHREE Chief Executive Officer Sale 438,764 $63,113,566
2025-08-25 ULLAL JAYSHREE Chief Executive Officer Sale 24,040 $3,191,740
2025-08-20 TEMPLETON MARK B Director Stock Award 971 -
2025-08-20 CHEW LEWIS Director Stock Award 971 -
2025-08-20 SCHEINMAN DANIEL Director Stock Award 971 -
2025-08-20 ULLAL JAYSHREE Chief Executive Officer Stock Award 48,256 -
Insider transactions can signal confidence or concerns about company prospects

Wall Street Analysts

Professional analyst ratings and price targets

Consensus
BUY
24 analysts
Barclays
2025-11-05
Maintains
Overweight Overweight
Piper Sandler
2025-11-05
reit
Neutral Neutral
Rosenblatt
2025-11-05
Maintains
Neutral Neutral
Morgan Stanley
2025-10-10
Maintains
Overweight Overweight
Needham
2025-09-16
Maintains
Buy Buy
Melius Research
2025-09-12
Maintains
Buy Buy
Goldman Sachs
2025-09-12
Maintains
Buy Buy
Morgan Stanley
2025-09-12
Maintains
Overweight Overweight
Citigroup
2025-09-12
Maintains
Buy Buy
JP Morgan
2025-09-12
Maintains
Overweight Overweight