ANET Stock - Arista Networks, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $7.00B | $5.86B | $4.38B | $2.95B | $2.32B |
| Gross Profit | $4.49B | $3.63B | $2.68B | $1.88B | $1.48B |
| Gross Margin | 64.1% | 61.9% | 61.1% | 63.8% | 63.9% |
| Operating Income | $2.94B | $2.26B | $1.53B | $924.74M | $699.68M |
| Net Income | $2.85B | $2.09B | $1.35B | $840.85M | $634.56M |
| Net Margin | 40.7% | 35.6% | 30.9% | 28.5% | 27.4% |
| EPS | $2.27 | $1.69 | $1.10 | $0.69 | $0.52 |
Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, 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. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 10th 2025 | Erste Group | Downgrade | Hold | - |
| September 25th 2025 | BNP Paribas Exane | Upgrade | Outperform | $172 |
| July 23rd 2025 | Erste Group | Upgrade | Buy | - |
| July 11th 2025 | Citigroup | Reiterated | Buy | $123← $112 |
| July 8th 2025 | Wolfe Research | Initiation | Outperform | - |
| June 26th 2025 | KeyBanc Capital Markets | Initiation | Overweight | $115 |
| June 23rd 2025 | Evercore ISI | Reiterated | Outperform | $110← $105 |
| June 11th 2025 | BNP Paribas Exane | Downgrade | Neutral | $106 |
| May 28th 2025 | Redburn Atlantic | Initiation | Buy | $112 |
| April 29th 2025 | Rosenblatt | Upgrade | Neutral | $85 |
| April 15th 2025 | Evercore ISI | Reiterated | Outperform | $100← $130 |
| March 5th 2025 | UBS | Upgrade | Buy | $115← $112 |
| June 27th 2024 | Citigroup | Reiterated | Buy | $385← $330 |
| May 3rd 2024 | Jefferies | Upgrade | Buy | $320← $240 |
| April 12th 2024 | Rosenblatt | Downgrade | Sell | $210 |
Earnings History & Surprises
ANETEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 17, 2026 | $0.75 | — | — | — |
Q4 2025 | Nov 4, 2025 | $0.72 | $0.75 | +4.5% | ✓ BEAT |
Q3 2025 | Aug 5, 2025 | $0.65 | $0.73 | +12.5% | ✓ BEAT |
Q2 2025 | May 6, 2025 | $0.59 | $0.65 | +10.2% | ✓ BEAT |
Q1 2025 | Feb 18, 2025 | $0.57 | $0.65 | +14.6% | ✓ BEAT |
Q4 2024 | Nov 7, 2024 | $2.08 | $2.40 | +15.4% | ✓ BEAT |
Q3 2024 | Jul 29, 2024 | $1.95 | $2.10 | +7.7% | ✓ BEAT |
Q2 2024 | May 6, 2024 | $1.74 | $1.99 | +14.4% | ✓ BEAT |
Q1 2024 | Feb 12, 2024 | $1.70 | $2.08 | +22.4% | ✓ BEAT |
Q4 2023 | Oct 30, 2023 | $1.58 | $1.83 | +15.8% | ✓ BEAT |
Q3 2023 | Jul 31, 2023 | $1.44 | $1.58 | +9.7% | ✓ BEAT |
Q2 2023 | May 1, 2023 | $1.34 | $1.43 | +6.7% | ✓ BEAT |
Q1 2023 | Feb 13, 2023 | $1.21 | $1.41 | +16.5% | ✓ BEAT |
Q4 2022 | Oct 31, 2022 | $1.04 | $1.25 | +20.2% | ✓ BEAT |
Q3 2022 | Aug 1, 2022 | $0.91 | $1.08 | +18.7% | ✓ BEAT |
Q2 2022 | May 2, 2022 | $0.81 | $0.84 | +3.7% | ✓ BEAT |
Q1 2022 | Feb 14, 2022 | $0.73 | $0.82 | +12.3% | ✓ BEAT |
Q4 2021 | Nov 1, 2021 | $0.68 | $0.74 | +8.8% | ✓ BEAT |
Q3 2021 | Aug 2, 2021 | $0.64 | $0.68 | +6.3% | ✓ BEAT |
Latest News
Arista Networks shares are trading lower after Morgan Stanley lowered the price target from $171 to $159.
📉 NegativeMorgan Stanley Maintains Overweight on Arista Networks, Lowers Price Target to $159
📈 PositiveRosenblatt Maintains Neutral on Arista Networks, Maintains $140 Price Target
➖ NeutralBarclays Maintains Overweight on Arista Networks, Raises Price Target to $183
📈 PositivePiper Sandler Reiterates Neutral on Arista Networks, Raises Price Target to $145
➖ NeutralArista Networks falls despite Q3 beat, analysts show mixed sentiment on growth
📉 NegativeRosenblatt Maintains Neutral on Arista Networks, Maintains $140 Price Target
➖ NeutralArista Networks shares are trading lower despite a Q3 earnings beat.
📉 NegativeArista Networks shares are trading lower. The company reported Q3 financial results.
📉 NegativeArista Networks falls on Q3 results despite 27% revenue growth
📉 NegativeArista Networks Sees Q4 Sales $2.300B-$2.400B vs $2.325B Est
📈 PositiveArista Networks Q3 Adj. EPS $0.75 Beats $0.71 Estimate, Sales $2.308B Beat $2.252B Estimate
📈 PositiveMorgan Stanley Maintains Overweight on Arista Networks, Raises Price Target to $171
📈 PositiveArista Networks shares are trading higher. The stock was mentioned as a Buy during CNBC's Halftime report.
📈 PositiveCNBC Halftime Report Final Trades: Microsoft, Netflix, Arista Networks,On Holding AG
➖ NeutralNeedham Maintains Buy on Arista Networks, Raises Price Target to $160
📈 PositiveArista Networks tumbles despite revealing higher-than-expected guidance at Analyst Day
📉 NegativeMelius Research Maintains Buy on Arista Networks, Raises Price Target to $185
📈 PositiveGoldman Sachs Maintains Buy on Arista Networks, Raises Price Target to $175
📈 PositiveArista Networks shares are trading lower despite Morgan Stanley maintaining an Overweight rating on the stock and raising its price target to $140 and Citigroup maintaining a Buy rating on the stock and raising its price target to $176.
➖ NeutralFrequently Asked Questions about ANET
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