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ANET·Arista Networks Inc

$194.07
-10.45 (-5.11%)
High
$207.50
Open
$200.43
Market Cap
265.97B
52W High
$224.98
Low
$193.82
P. Close
$194.07
P/E
65.76
52W Low
$114.52
Fwd P/E
39.20
DailyIQ Est.
$255.66
Inst. Ownership
31.1%
Short Interest
0.92%
Days to Cover
2.3
NewEarnings release, scored · filed Aug 4, 2026New outlook issued · tone -1.4 vs prior release · 23 lines scoredSee the breakdown
Technical Score (1D)
66
BULLISH
News Sentiment
52
MIXED
On Oct 13, Arista Networks reported third‑quarter revenue guidance of $3.3 billion, up 8.7% from the second quarter, while projecting a non‑GAAP operating margin of 48% versus 49.9% previously, which led to a 5.7% decline in its shares. The company noted that higher customer spending does not automatically translate into networking orders, tempering expectations for growth. Analysts remained supportive, citing a $275 target despite the margin decline and uncertainty surrounding AI‑driven demand. That same day, Arista’s shares fell 3.15%, underperforming the broader market, even though the guidance projected a 44% quarterly EPS increase to $1.08 and a 43.5% rise in quarterly revenue to $3.31 billion, indicating robust growth. A comparison article on Oct 13 highlighted Arista’s high‑margin, debt‑free networking solutions and customer concentration risk, contrasting them with IBM’s diversified revenue and higher debt‑to‑equity ratio, noting that both firms are positioned to benefit from the AI boom but have different financial profiles and growth trajectories.
LOW TARGET
$190 -2.1%
1 analysts
MEAN TARGET
$244 +25.6%
17 analysts
HIGH TARGET
$289 +48.9%
19 analysts
PRICE RANGE
$190.00 - $289.00
SB / B / H / S / SS
9/24/2/1/1
DAILYIQ EST.
$255.66 (+31.7%)
Sector
Technology
Industry
Computer Hardware
Exchange
NYQ
Country
United States
Website
Symbol
ANET
Description
Arista Networks specializes in providing networking solutions that connect clients to the cloud, catering to the needs of data centers, AI applications, campus networks, and routing environments across global markets. Its core offering centers around the Extensible Operating System (EOS), a sophisticated network operating system that facilitates efficient data sharing and network application management. The company's value proposition lies in its comprehensive suite of cognitive network software and services, supporting diverse industries like finance, technology, and healthcare. Arista distributes its products through a multi-channel approach, leveraging distributors, system integrators, and its own direct sales team to reach a broad customer base. Founded in 2004 and headquartered in Santa Clara, California, Arista Networks is focused on delivering innovative networking solutions.
Bought (1Y)
0 shares
$0
Sold (1Y)
6,177,721 shares
$1161.3M
Ullal JayshreeCEO and Chairperson
Sell93,241 shares2026-10-09
Ullal JayshreeCEO and Chairperson
Sell18,656 shares2026-10-09
Ullal JayshreeCEO and Chairperson
Sell19,990 shares2026-10-08
Ullal JayshreeCEO and Chairperson
Sell4,000 shares2026-10-08
Ullal JayshreeCEO and Chairperson
Sell69,272 shares2026-10-07
90/ 100
Strong bullish
Overall: Bullish
✓Revenue growing year over year
✓Positive net margin
✓Positive operating cash flow
Gross Margin
64.1%
Net Margin
39.0%
Revenue CAGR
34.4%
Current Ratio
3.05x
Debt / Equity
0.01x
Return on Equity
28.4%
Earnings Summary
Arista Networks specializes in providing networking solutions that connect clients to the cloud, catering to the needs of data centers, AI applications, campus networks, and routing environments across global markets. The company’s core offering centers around the Extensible Operating System (EOS), a sophisticated network operating system that facilitates efficient data sharing and network application management. In the last two quarters, Arista reported EPS of $0.73 in Q2 2025 versus a $0.65 estimate, and $0.75 in Q3 2025 versus a $0.71 estimate, while revenue rose from $2.204 billion to $2.308 billion, a 4.6% YoY increase. The EPS trend has accelerated, with Q4 2025 EPS at $0.82 versus a $0.80 estimate, and Q1 2026 EPS at $0.87 versus a $0.81 estimate, indicating consistent beats in the last four quarters. Historically, Arista has maintained a YoY revenue growth trajectory, with revenue increasing from $2.487 billion in Q4 2025 to $2.709 billion in Q1 2026, a 8.8% rise, while EPS has also grown from $0.82 to $0.87, reflecting strong profitability. Recent news highlights Arista’s positioning within the AI boom, with analysts noting its high‑margin, debt‑free profile and customer concentration risk, and a CEO share sale that underscores management’s confidence in the company’s long‑term prospects.

EPS

EstBeatMiss
$0.59$0.72$0.86$1.00$1.14Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$1.08 - -
Q2'26$0.90$1.02+13.0%
Q1'26$0.81$0.87+7.6%
Q4'25$0.80$0.82+2.1%
Q3'25$0.71$0.75+5.0%
Q2'25$0.65$0.73+12.4%

Revenue

EstBeatMiss
$2.0B$2.4B$2.8B$3.2B$3.6BQ2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$3.4B - -
Q2'26$2.9B$3.0B+5.6%
Q1'26$2.6B$2.7B+3.4%
Q4'25$2.6B$2.5B-4.6%
Q3'25 - $2.3B -
Q2'25 - $2.2B -

Market Data

ANET Stock Snapshot

BULLISH66/100
$194.07−$10.45 (5.1%)
Market cap
265.97B
P/E ratio
65.8
Day range
$193.82 – $207.50
News sentiment
52/100 · Neutral
Analyst target
$243.69 (+25.6%)
Consensus
Buy · 37 analysts
52-week range+69.5% off low · -13.7% from high
$114.52$224.98
Price $194.07 DailyIQ Est. $255.66

Momentum is working in ANET's favour - it ranks in the upper part of DailyIQ's momentum universe. A stock this widely held moves on consensus revisions more than on individual catalysts.

Behaviour On Record

What ANET's own history says about today's numbers

Realized volatility (21d)
31.0% 29th pct
Below its peak
-6.1%
vs 200-day average
+26.4%
Up days (1y)
54%

Arista Networks Inc is currently running 31.0% annualised volatility over the last 21 sessions. Measured against ANET's own 12 years of daily returns rather than a market-wide average, that is the 29th percentile — on the quiet side for this stock, against a typical reading of 39.3%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

ANET is trading -6.1% below its running peak. Across 11 full years on file, its median worst-drawdown-in-a-year was -32.3%, and the deepest was -50.9% in 2025. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits +26.4% from its 200-day moving average. Against every other day in its history, that gap ranks at the 73rd percentile — a somewhat wider gap than its own norm. Over the past year ANET closed higher on 54% of sessions, and it is currently 1 session into a rising streak.

On October specifically: over 13 years of records, ANET finished the month higher 8 of 13 times, with a median return of +1.8% and an average of +0.9%. Its strongest month historically has been July at +7.5% on average, its weakest September at +0.8%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: ANET has opened more than 2% away from the prior close in 175 of 3,107 sessions (5.6% of the time), with the largest gaps running +6.3% and -10.1%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 3 dated reports on file, ANET moved an average of 5.4% in the session after earnings, closing higher 0 of those 3 times, with a median move of -7.0% and a largest of -7.1%.

All figures computed from 3,108 daily closes between 2014-06-06 and 2026-10-14, split-adjusted, recomputed daily. Percentiles are against ANET's own 12-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of ANET's sector?

Arista Networks Inc sits in the Software sector, currently ranked 5th of 12 GICS sectors by relative-strength rotation score (weakening).

Sector rank
#5 of 12
Sector state
Weakening
Sector rotation score
73

Options Market

What is the options market pricing for ANET?

CallsPuts

For Arista Networks Inc's nearest expiry (2026-10-16, 2 days out), open interest is roughly balanced between puts and calls (put/call ratio of 0.86), with at-the-money implied volatility around 50.7%. The options market is pricing roughly a ±4.0% move by that expiry — a range of about $186.85–$202.33.

Put/call ratio (2026-10-16)
0.86
ATM implied volatility
50.7%
Total open interest
43,265
Expected move by 2026-10-16
±4.0% ($186.85–$202.33)

Analyst Rating Changes

Are analysts turning bullish or bearish on ANET?

Citigroup most recently reiterated its rating on Arista Networks Inc to Buy on Oct 8, 2026 with a price target of $248 (from $215). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
Citigroup — Buy
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Oct 8, 2026CitigroupMaintainedBuy$215 → $248
Sep 30, 2026BernsteinInitiatedOutperform$250
Sep 1, 2026Deutsche BankInitiatedHold → Buy$220
Aug 6, 2026BarclaysMaintainedOverweight$195 → $289
Aug 5, 2026UBSMaintainedBuy$187 → $259
Aug 5, 2026TD CowenMaintainedBuy$210 → $250
Aug 5, 2026Morgan StanleyMaintainedOverweight$190 → $220
Aug 5, 2026Truist SecuritiesMaintainedBuy$175 → $234
Aug 5, 2026Piper SandlerReiteratedOverweight$181 → $240
Aug 5, 2026Wells FargoMaintainedOverweight$200 → $255
Aug 5, 2026KeybancMaintainedOverweight$200 → $250
Aug 5, 2026Evercore ISI GroupMaintainedOutperform$200 → $250

Earnings Release, Scored

What did Arista Networks Inc's latest earnings release say?

Filed Aug 4, 2026 · SEC Form 8-K, Exhibit 99

New outlook issued
Tone70.0/ 100-1.4 vs prior release
Hedging words0.49per 100 words-0.01 vs prior release
Tone, last 2 releasesScale 50–77

Most important lines

  1. 1

    Delivered 40% growth in non-GAAP EPS year-over-year as the company achieved its first $3+ billion revenue quarter.

    New this quarter
  2. 2

    “As we deliver our first $3 billion quarter in Q2 2026, it is clear that our Arista 2.0 platform strategy is compelling,” stated Jayshree Ullal, Chairperson and CEO of Arista Networks.

    New this quarter
  3. 3

    Commenting on the company's financial results, Chantelle Breithaupt, Arista’s CFO, said, “Our second quarter 2026 reflects strong, broad-based growth, with revenue up 37.7% and EPS up 39.7%.

Peers & ETF holders

ANET peers & ETF holders

News Sentiment Analysis

Sentiment gathered from recent headlines

52/100
Strong NegativeNeutralStrong Positive
MIXED

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
Arista Networks’ shares fell 5.7% on October 13 after the company disclosed a third‑quarter revenue guidance of $3.3 billion, up 8.7% from the second quarter, but a projected non‑GAAP operating margin of 48% versus 49.9% previously. The company noted that higher customer spending does not automatically translate into networking orders, tempering expectations for growth. Analysts remain supportive, with a $275 target, but the market has priced in the margin decline and the uncertainty surrounding AI‑driven demand.
What did this article say?
On October 13, Arista Networks’ stock closed at $204.24, declining 3.15% and trailing the S&P 500’s 0.02% loss. The company’s forthcoming earnings release is expected to show a 44% increase in quarterly EPS to $1.08 and a 43.5% rise in quarterly revenue to $3.31 billion, signaling strong performance. Analysts view the guidance as a positive indicator despite the day’s price drop.
What did this article say?
Arista Networks introduced a new open Ethernet rack‑scale portfolio designed to interconnect accelerators across liquid‑cooled racks, targeting large‑scale AI workloads. The launch follows a strong share performance, with a 90‑day return of 15.51% and a year‑to‑date gain of 57.84%. The product builds on ANET’s 800G switching strengths and is expected to enhance its position in the AI infrastructure market. Investors viewed the announcement positively, reflecting confidence in ANET’s expansion into high‑density AI solutions.
What did this article say?
The article compares Arista Networks (ANET) and International Business Machines (IBM) as potential investments for 2026. It highlights ANET’s focus on high‑speed networking for data centers and AI workloads, noting a 28.6% revenue growth to nearly $9 billion in FY 2025. IBM is portrayed as a legacy software and consulting firm undergoing transformation toward hybrid cloud and AI. The piece weighs the concentration risk of ANET’s customer base against IBM’s diversified services. Overall, it presents a balanced view without indicating a decisive material catalyst for either company.
What did this article say?
Arista Networks shares were noted to be in a bullish trend as of October 9, 2024, prompting analysts to highlight potential gains from options strategies. The article emphasized that traders could capitalize on the AI-driven momentum with relatively quick returns through long call options. It referenced several related option plays for other technology stocks, underscoring a broader market enthusiasm for high-growth tech names. The piece suggested that Arista’s upward trajectory could sustain investor interest and provide a favorable backdrop for option-based strategies.
What did this article say?
Arista Networks (ANET) reached an all‑time high of about $217 after announcing its Etherlink SU‑144 Ethernet rack‑scale portfolio, built with AMD, Broadcom, Meta, and Microsoft. The new architecture offers a vendor‑agnostic alternative to proprietary systems, potentially reducing data‑center footprints by roughly 50%. Quarterly revenue climbed 37.7% YoY to $3.04 billion, and the company raised forward guidance while maintaining near‑zero debt and $13.3 billion in cash. The move positions ANET as a key networking backbone for AI and hyperscaler infrastructure, driving investor optimism.
What did this article say?
On October 6, 2026, Arista Networks CEO Jayshree Ullal sold 460,374 shares for $97,642,614, reducing her direct holdings but maintaining control of over 25 million shares through indirect ownership.
What did this article say?
The article profiles Arista Networks (ANET) as a leading provider of data‑center and AI‑focused cloud networking hardware and EOS software, noting its $10.54 billion revenue and global demand across the United States, EMEA, Asia Pacific, and the Americas. It positions ANET within a broader narrative of AI expansion, highlighting SoftBank’s $100 billion fundraising effort to support AI‑centric businesses. The piece underscores ANET’s strong growth trajectory and confident management, suggesting it is well‑placed to capture momentum from the AI boom. The author recommends ANET as a high‑conviction, high‑growth stock for long‑term investors seeking exposure to AI infrastructure. The overall tone is bullish, emphasizing ANET’s strategic fit in the AI ecosystem.
What did this article say?
Arista Networks (ANET) continued to attract attention for its strong cloud networking solutions and significant price appreciation, with shares up 34% over the past year. Analysts at Barchart upheld a 100% "Buy" rating, citing robust technical momentum and exceptional growth metrics. However, the company’s valuation was noted as highly stretched relative to sector peers, prompting a call for disciplined risk management. The report highlighted ANET’s diverse silicon architectures and its role in next‑generation data center networks. Overall, the outlook remained positive but tempered by valuation concerns.

Technical Analysis

Real-time indicators across multiple timeframes

66
BULLISH
Momentum rank against about 1,000 stocks and ETFs for this timeframe.
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Institutional & Hedge Fund Ownership
25 tracked managers · $63.56B combined position · 15 adding, 10 trimming, 0 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
BlackRock, Inc.▼ Sell91,383,8437.04%$15.52B2026-08-07
Vanguard Group Inc▲ Buy101,189,6297.79%$13.26B2026-01-29
FMR LLC (Fidelity)▼ Sell47,349,8653.65%$8.04B2026-08-13
Geode Capital Management, LLC▲ Buy27,505,7532.12%$4.66B2026-08-12
Morgan Stanley▲ Buy19,696,4351.52%$3.35B2026-08-13
Capital Research Global Investors▼ Sell13,164,1371.01%$2.24B2026-08-12
Norges Bank▲ Buy12,246,9200.94%$2.08B2026-08-12
JPMorgan Chase & Co▲ Buy11,715,7280.90%$1.92B2026-08-12
Northern Trust Corp▼ Sell10,139,0950.78%$1.72B2026-08-13
Goldman Sachs Group Inc▼ Sell9,640,8430.74%$1.64B2026-08-14
Wellington Management Group LLP▲ Buy8,440,9630.65%$1.43B2026-08-14
Bank of America Corp▲ Buy6,545,0780.50%$1.11B2026-08-14
AQR Capital Management LLC▼ Sell5,932,0110.46%$1.00B2026-08-14
Point72 Asset Management, L.P.▼ Sell5,139,7370.40%$873.14M2026-08-14
Wells Fargo & Company▲ Buy4,799,0300.37%$815.26M2026-08-14
Invesco Ltd.▼ Sell4,724,1900.36%$802.55M2026-08-14
Capital World Investors▼ Sell3,707,1430.29%$629.77M2026-08-12
Janus Henderson Group plc▲ Buy4,880,2730.38%$599.20M2026-05-18
Citadel Advisors LLC▲ Buy2,698,4770.21%$458.42M2026-09-02
Citigroup Inc▲ Buy2,265,1260.17%$384.80M2026-08-03
Neuberger Berman Group LLC▲ Buy1,667,3550.13%$281.44M2026-08-13
Man Group plc▼ Sell1,161,7560.09%$197.36M2026-08-14
Adage Capital Partners GP, L.L.C.▲ Buy1,105,9000.09%$187.87M2026-08-14
AllianceBernstein L.P.▲ Buy1,512,5990.12%$185.72M2026-08-14
Susquehanna International Group, LLP▲ Buy967,7990.07%$164.41M2026-08-14
Q2 2026 flow:8.65M sh bought ($1.46B)17.61M sh sold ($2.99B)net -8.96M sh (−$1.53B)
Congressional Trading Activity
25 disclosed trades · ~$316.0K est. traded value · 12 buys, 13 sells
MemberChamberStateTypeAmountTradedFiled
Dan NewhouseHouseWA04▲ Buy$1K - $15K2026-07-102026-07-17
Alan ArmstrongSenateOK▲ Buy$1K - $15K2026-03-272026-07-21
Gilbert CisnerosHouseCA31▼ Sell$1K - $15K2026-03-252026-04-07
Gilbert CisnerosHouseCA31▲ Buy$1K - $15K2026-01-302026-02-13
John BoozmanSenateAR▲ Buy$1K - $15K2025-12-112026-01-13
Gilbert CisnerosHouseCA31▲ Buy$1K - $15K2025-11-182025-12-15
John BoozmanSenateAR▲ Buy$1K - $15K2025-11-132025-12-08
Gilbert CisnerosHouseCA31▲ Buy$1K - $15K2025-10-172025-11-18
Lisa McClainHouseMI09▼ Sell$1K - $15K2025-10-142025-11-21
Valerie HoyleHouseOR04▼ Sell$1K - $15K2025-09-232025-10-10
Lisa McClainHouseMI09▲ Buy$1K - $15K2025-08-132025-09-12
Angus KingSenate-▲ Buy$1K - $15K2025-07-212025-08-18
Valerie HoyleHouseOR04▲ Buy$1K - $15K2025-07-142025-09-12
James ComerHouseKY01▼ Sell$1K - $15K2025-07-032025-08-11
Rob BresnahanHousePA08▼ Sell$1K - $15K2025-05-292025-06-23
Jefferson ShreveHouseIN06▼ Sell$50K - $100K2025-05-122025-06-22
Valerie HoyleHouseOR04▼ Sell$1K - $15K2025-04-292025-09-12
Rob BresnahanHousePA08▼ Sell$1K - $15K2025-04-082025-04-28
Jefferson ShreveHouseIN06▲ Buy$15K - $50K2025-04-072025-05-08
Julie JohnsonHouseTX32▼ Sell$1K - $15K2025-04-012025-05-14
Greg LandsmanHouseOH01▼ Sell$1K - $15K2025-03-272025-04-08
Byron DonaldsHouseFL19▲ Buy$1K - $15K2025-03-202025-04-14
Lisa McClainHouseMI09▼ Sell$1K - $15K2025-03-202025-08-13
Jefferson ShreveHouseIN06▼ Sell$15K - $50K2025-03-052025-04-11
Rob BresnahanHousePA08▼ Sell$1K - $15K2025-02-132025-03-07