Arista Networks, Inc.(ANET) Stock Research - Grey Stern Research

Arista Networks, Inc. (ANET) Stock Analysis

$129.82 (6.85%)

ANET Financial Performance


Use the table below to view Arista Networks, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $129.82 -
52 Week Low $60.08 -
52 Week High $131.18 -
Market Cap $163.5 Billion 1/15
Gross Margin 64% 4/15
Profit Margin 41% 1/15
EBITDA margin 43% 1/15
Q3 - 2024 Revenue $1.8 Billion 4/15
Q3 - 2024 Earnings $747.9 Million 3/15
Q3 - 2024 Free Cash Flow $0 Million 5/15
Trailing 4 Quarters Revenue $6.6 Billion 5/15
Trailing 4 Quarters Earnings $2.7 Billion 3/15
Quarterly Earnings Growth 37% 4/15
Annual Earnings Growth 32% 6/15
Quarterly Revenue Growth 20% 5/15
Annual Revenue Growth 12% 4/15
Cash On Hand $3.2 Billion 3/15
Short Term Debt $0 14/15
Long Term Debt $0 14/15

Arista Networks, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Arista Networks, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 61.37 2/15
PS 24.73 4/15
PB 17.69 5/15
PC 51.51 4/15
Liabilities to Equity 0.39 8/15
ROA 0.21 1/15
ROE 0.29 4/15
Current Ratio 3.57 6/15
Quick Ratio 2.06 3/15
Long Term Debt to Equity 0.00 13/15
Debt to Equity 0.00 14/15
Burn Rate -4.25 10/15
Cash to Cap 0.02 12/15
CCR 0.00 13/15
EV to EBITDA 204.22 2/15
EV to Revenue 24.25 4/15

Company Details

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.

CEO: Ms. Jayshree Ullal

Website: https://www.arista.com

Address: 5453 Great America Pkwy Santa Clara, CALIFORNIA

Exchange: New York Stock Exchange

Industry: Computer Hardware

Arista Networks, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Arista Networks, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
HP Inc. HPQ $31.1 Billion
Pure Storage, Inc. PSTG $23.6 Billion
NetApp, Inc. NTAP $25.6 Billion
3D Systems Corporation DDD $412.3 Million
Super Micro Computer, Inc. SMCI $19.8 Billion
Stratasys Ltd. SSYS $656.5 Million
Nano Dimension Ltd. NNDM $513.0 Million
Dell Technologies Inc. DELL $80.8 Billion
Quantum Computing, Inc. QUBT $1.4 Billion
Desktop Metal, Inc. DM $72.7 Million
Cricut, Inc. CRCT $1.2 Billion
Velo3D, Inc. VLD $11.0 Million
IonQ, Inc. IONQ $9.1 Billion
Rigetti Computing, Inc. RGTI $3.4 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
ANET Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 1.8 Billion $747.9 Million
Q2 2024 $ 1.7 Billion $665.4 Million
Q1 2024 $ 1.6 Billion $637.7 Million
Q4 2023 $ 1.5 Billion $613.6 Million
Q3 2023 $ 1.5 Billion $545.3 Million
Q2 2023 $ 1.5 Billion $491.9 Million
Q1 2023 $ 1.4 Billion $436.5 Million
Q4 2022 $ 1.3 Billion $427.1 Million

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ANET Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $3.2 Billion $12.8 Billion $0 $9.2 Billion
Q2 2024 $2.4 Billion $11.6 Billion $0 $8.4 Billion
Q1 2024 $2.1 Billion $10.6 Billion $0 $7.9 Billion
Q4 2023 $1.9 Billion $9.9 Billion $0 $7.2 Billion
Q3 2023 $1.7 Billion $9.1 Billion $48.0 Million $6.5 Billion
Q2 2023 $1.3 Billion $8.2 Billion $51.7 Million $5.9 Billion
Q1 2023 $956.3 Million $7.5 Billion $55.3 Million $5.3 Billion
Q4 2022 $671.7 Million $6.8 Billion $44.0 Million $4.9 Billion

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ANET Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $0 $0 $0
Q2 2024 $985.9 Million -$3.2 Million $336.9 Million
Q1 2024 $504.4 Million -$9.4 Million $153.5 Million
Q4 2023 $520.5 Million -$6.0 Million $189.8 Million
Q3 2023 $687.8 Million -$11.2 Million $487.0 Million
Q2 2023 $422.5 Million -$11.6 Million $302.1 Million
Q1 2023 $368.9 Million -$5.6 Million $284.6 Million
Q4 2022 $30.0 Million -$10.5 Million -$44.5 Million

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