Arista Networks

Arista Networks

ANET · NYSE · Technology / Computer Hardware

197.29USD-9.34 (-4.52%)

Price History

Full chart

Market Stats

Previous Close206.63
Open204.90
Day Range195.26 – 212.16
52-Week Range114.52 – 217.41
Volume8.61M
Market Cap215.79B
P/E (TTM)45.79
Forward P/E32.57
EPS3.73
Dividend Yield0.00%
Beta1.64
50-Day Avg192.65
200-Day Avg166.11

About

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.

Company Details

  • SectorTechnology
  • IndustryComputer Hardware
  • CEOMs. Jayshree V. Ullal
  • Employees5.12K
  • Headquarters5453 Great America Parkway, Santa Clara, CA, United States, 95054, USA
  • Websitehttps://www.arista.com

Leadership

  • Ms. Jayshree V. UllalCEO & Chairperson · b. 1961
  • Mr. Kenneth Duda Ph.D.Co-Founder, President, CTO & Director · b. 1972
  • Mr. Todd NightingalePresident & COO · b. 1980
  • Ms. Chantelle Y. BreithauptSenior VP & CFO · b. 1972
  • Dr. Andreas B. Bechtolsheim Ph.D.Co-Founder & Chief Architect · b. 1955
  • Mr. Sean ChristoffersonVP & General Counsel
  • Mr. Mark FossSenior Vice President of Global Operations & Marketing
  • Mr. Christopher SchmidtChief Sales Officer
  • Ms. Isabelle Bertin-BaillyGroup Vice President of Worldwide Human Resources & Operations
  • Mr. Hugh HolbrookChief Development Officer

Financials

Income Statement

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue139.85M193.41M361.22M584.11M837.59M1.13B1.65B2.15B2.41B2.32B2.95B4.38B5.86B7.00B9.01B
Growth (%)-+38.30%+86.77%+61.70%+43.40%+34.81%+45.79%+30.69%+12.05%-3.87%+27.21%+48.62%+33.75%+19.50%+28.60%
Cost of Revenue43.37M61.25M122.69M192.01M294.03M406.05M584.42M777.99M866.37M835.63M1.07B1.71B2.23B2.51B3.24B
Gross Profit96.48M132.16M238.54M392.09M543.56M723.12M1.06B1.37B1.54B1.48B1.88B2.68B3.63B4.49B5.77B
Gross Margin68.99%68.33%66.04%67.13%64.90%64.04%64.50%63.84%64.06%63.94%63.80%61.07%61.95%64.13%64.06%
Operating Expense52.08M92.26M172.39M266.58M394.25M479.71M591.50M1.10B738.56M782.20M956.04M1.15B1.37B1.55B1.91B
Operating Income44.40M39.90M66.15M125.51M149.31M243.41M470.27M273.35M805.77M699.68M924.74M1.53B2.26B2.94B3.86B
Operating Margin31.75%20.63%18.31%21.49%17.83%21.56%28.57%12.71%33.42%30.19%31.37%34.86%38.52%42.05%42.82%
EBITDA45.34M41.81M70.44M137.81M162.83M265.11M498.18M319.17M838.62M734.84M981.21M1.64B2.49B3.33B4.32B
EBITDA Margin32.42%21.62%19.50%23.59%19.44%23.48%30.26%14.84%34.79%31.71%33.28%37.53%42.54%47.51%48.00%
Net Income34.03M21.35M42.46M86.85M121.10M184.19M423.20M328.12M859.87M634.56M840.85M1.35B2.09B2.85B3.51B
Net Income Margin24.34%11.04%11.75%14.87%14.46%16.31%25.71%15.25%35.67%27.38%28.52%30.87%35.62%40.73%38.99%
R&D26.41M55.16M98.59M148.91M209.45M273.58M349.59M442.47M462.76M486.59M586.75M728.39M854.92M996.70M1.24B
R&D as % of Total Revenue18.88%28.52%27.29%25.49%25.01%24.23%21.24%20.57%19.20%21.00%19.90%16.63%14.59%14.23%13.74%
Interest Expense6.42M7.06M7.12M6.28M3.15M3.14M2.78M2.70M56.50M39.18M6.14M54.69M---
Interest Expense % of Total Revenue4.59%3.65%1.97%1.08%0.38%0.28%0.17%0.13%2.34%1.69%0.21%1.25%---

Balance Sheet

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets--220.17M364.52M811.02M1.16B1.73B2.46B3.08B4.19B4.74B5.73B6.78B9.95B14.04B19.45B
Total Liabilities--201.26M286.79M255.37M371.74M621.19M798.95M938.59M1.29B1.42B1.76B1.89B2.73B4.05B7.08B
Total Equity--18.91M77.73M555.66M788.15M1.11B1.66B2.14B2.89B3.32B3.98B4.89B7.22B9.99B12.37B
Cash--88.66M113.66M240.03M687.33M567.92M859.19M649.95M1.11B893.22M620.81M671.71M1.94B2.76B1.96B
Total Debt--122.93M141.94M43.63M42.55M130.54M171.50M36.27M83.02M72.40M56.53M43.96M65.52M59.64M-
Net Debt--34.27M28.28M-197.48M-646.12M-528.33M-821.52M-614.52M-1.03B-820.82M-564.29M-627.74M-1.94B-2.76B-1.96B

Cash Flow

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow12.43M26.31M34.65M114.52M200.53M131.44M631.63M503.12M963.03M735.11M1.02B492.81M2.03B3.71B4.37B
Investing Cash Flow-2.77M-12.35M-19.49M-249.36M184.17M-325.98M-392.58M-755.11M-284.07M-608.80M-925.56M216.33M-687.45M-2.46B-3.58B
Financing Cash Flow46.51M3.98M9.89M261.34M63.10M75.60M51.47M42.85M-217.96M-346.34M-360.88M-654.60M-83.75M-421.81M-1.60B
Capital Expenditure2.77M3.31M20.32M13.13M19.99M21.42M15.28M23.83M15.75M15.38M64.74M44.64M34.43M32.03M119.50M
Free Cash Flow9.66M22.99M14.33M101.38M180.54M110.02M616.35M479.29M947.28M719.73M951.12M448.17M2.00B3.68B4.25B
FCF to OCF77.72%87.41%41.36%88.53%90.03%83.70%97.58%95.26%98.36%97.91%93.63%90.94%98.31%99.14%97.27%

Earnings

Report DateAug 7, 2014Nov 6, 2014Feb 19, 2015May 14, 2015Aug 6, 2015Nov 5, 2015Feb 18, 2016May 5, 2016Aug 4, 2016Nov 3, 2016Feb 16, 2017May 4, 2017Aug 3, 2017Nov 2, 2017Feb 15, 2018May 3, 2018Aug 2, 2018Nov 1, 2018Feb 14, 2019May 2, 2019Aug 1, 2019Oct 31, 2019Feb 13, 2020May 5, 2020Aug 4, 2020Nov 2, 2020Feb 18, 2021May 4, 2021Aug 2, 2021Nov 1, 2021Feb 14, 2022May 2, 2022Aug 1, 2022Oct 31, 2022Feb 13, 2023May 1, 2023Jul 31, 2023Oct 30, 2023Feb 12, 2024May 7, 2024Jul 30, 2024Nov 7, 2024Feb 18, 2025May 6, 2025Aug 5, 2025Nov 4, 2025Feb 12, 2026May 5, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate0.010.020.020.020.030.030.040.040.040.050.050.050.060.070.090.090.110.120.130.130.140.150.130.110.120.140.150.150.160.170.180.200.230.260.300.340.360.390.430.440.480.520.570.590.650.710.760.810.800.99
EPS Actual0.020.030.030.030.030.040.050.040.050.050.070.060.080.100.110.100.120.130.140.140.150.170.140.130.130.150.140.160.170.190.210.210.270.310.350.360.400.460.520.500.530.600.650.650.730.750.820.871.021.11
Surprise100.00%50.00%50.00%50.00%0.00%33.33%25.00%0.00%25.00%0.00%40.00%20.00%33.33%42.86%22.22%11.11%9.09%8.33%7.69%7.69%7.14%13.33%7.69%18.18%8.33%7.14%-3.80%6.67%6.25%11.76%16.67%5.00%17.39%19.23%16.67%5.88%11.11%17.95%20.93%13.64%10.42%15.38%14.04%10.17%12.31%5.63%7.89%7.41%27.50%12.12%
TimingAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap215.79B
Enterprise Value201.43B
Trailing P/E45.79
Forward P/E32.57
PEG Ratio1.26
Price / Sales18.15
Price / Book13.12
EPS3.73
Book Value13.02
Revenue (TTM)11.89B
Gross Profit (TTM)7.48B
EBITDA5.30B
Profit Margin39.97%
Operating Margin44.90%
Return on Equity33.52%
Return on Assets15.04%
Shares Outstanding1.26B
Shares Float1.05B
Beta1.64
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 30 analystsTarget 250.00
  • Strong Buy
    22
  • Buy
    7
  • Hold
    1

Ownership Breakdown

Institutions
73.16%
Insiders
17.22%
Retail / Other
9.62%

Top Institutional Holders

  • BlackRock Inc
    91.38M7.23%
  • Vanguard Capital Management, LLC
    68.69M5.44%
  • State Street Corp
    48.17M3.81%
  • FMR Inc
    47.35M3.75%
  • Geode Capital Management, LLC
    27.51M2.18%
  • Vanguard Portfolio Management, LLC
    25.81M2.04%
  • T. Rowe Price Associates, Inc.
    23.23M1.84%
  • Morgan Stanley - Brokerage Accounts
    19.70M1.56%
  • Cresset Asset Management, LLC
    19.37M1.53%
  • Capital Research Global Investors
    13.16M1.04%
  • Ameriprise Financial Inc
    12.80M1.01%
  • NORGES BANK
    12.25M0.97%
  • JPMorgan Chase & Co
    11.72M0.93%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    34.03M2.69%
  • Vanguard 500 Index Investor
    27.50M2.18%
  • iShares Core S&P 500 ETF
    13.96M1.10%
  • Fidelity 500 Index
    13.60M1.08%
  • State Street® SPDR® S&P 500® ETF
    12.76M1.01%
  • Vanguard MStar Growth Index Investor
    11.57M0.92%
  • American Funds Growth Fd of Amer A
    11.52M0.91%

Stock Splits

  • Dec 4, 20244:1
  • Nov 18, 20214:1