Stock ANET ARISTA NETWORKS, INC.
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Financials Arista Networks, Inc.

Equities

ANET

US0404131064

Communications & Networking

Market Closed - Nyse
Other stock markets
 04:00:02 2024-05-13 pm EDT 		5-day change 1st Jan Change
309.9 USD -1.32% Intraday chart for Arista Networks, Inc. +11.14% +31.57%
May. 08 Fed Official's Comments, Corporate Earnings Leave Equity Markets Mixed MT
May. 08 Fed Official's Comments, Corporate Earnings Leave Equity Markets Mixed MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,540 21,985 44,172 37,081 73,267 98,405 - -
Enterprise Value (EV) 1 12,815 19,112 40,764 34,058 68,259 91,409 89,448 86,038
P/E ratio 19.1 x 36.4 x 54.7 x 28.4 x 35.8 x 42.3 x 38.1 x 31 x
Yield - - - - - - - -
Capitalization / Revenue 6.45 x 9.49 x 15 x 8.46 x 12.5 x 14.7 x 12.7 x 11.1 x
EV / Revenue 5.32 x 8.25 x 13.8 x 7.77 x 11.6 x 13.6 x 11.5 x 9.69 x
EV / EBITDA 13.4 x 20.8 x 34.2 x 18.3 x 25.5 x 30.2 x 26.3 x 21.6 x
EV / FCF 13.5 x 26.6 x 42.9 x 76 x 34.1 x 37 x 28.8 x 23.4 x
FCF Yield 7.39% 3.77% 2.33% 1.32% 2.93% 2.7% 3.47% 4.28%
Price to Book 5.37 x 6.65 x 11.1 x 7.61 x 10.1 x 10.4 x 8.27 x 6.82 x
Nbr of stocks (in thousands) 305,596 302,646 307,284 305,573 311,100 313,363 - -
Reference price 2 50.85 72.64 143.8 121.4 235.5 314.0 314.0 314.0
Announcement Date 2/13/20 2/18/21 2/14/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,411 2,318 2,948 4,381 5,860 6,704 7,751 8,880
EBITDA 1 955.6 919.3 1,191 1,859 2,674 3,026 3,400 3,974
EBIT 1 922.7 874.7 1,141 1,796 2,603 2,975 3,379 3,875
Operating Margin 38.28% 37.75% 38.7% 41% 44.43% 44.38% 43.59% 43.64%
Earnings before Tax (EBT) 1 862.3 738.9 930.9 1,582 2,422 2,887 3,249 3,770
Net income 1 859.9 634.6 840.9 1,352 2,087 2,408 2,689 3,216
Net margin 35.67% 27.38% 28.52% 30.87% 35.62% 35.92% 34.69% 36.22%
EPS 2 2.658 1.998 2.630 4.270 6.580 7.429 8.253 10.14
Free Cash Flow 1 947.3 719.7 951.1 448.2 2,000 2,471 3,108 3,684
FCF margin 39.29% 31.06% 32.26% 10.23% 34.12% 36.86% 40.09% 41.49%
FCF Conversion (EBITDA) 99.13% 78.29% 79.85% 24.11% 74.78% 81.66% 91.41% 92.7%
FCF Conversion (Net income) 110.17% 113.42% 113.11% 33.14% 95.8% 102.62% 115.57% 114.55%
Dividend per Share 2 - - - - - - - -
Announcement Date 2/13/20 2/18/21 2/14/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 824.5 877.1 1,052 1,177 1,276 1,351 1,459 1,509 1,540 1,571 1,650 1,714 1,775 1,789 1,890
EBITDA 1 336.7 348.7 440.4 509.3 560.7 577.7 624.8 713.2 758.4 759.7 742 751.7 777.6 795.5 842.9
EBIT 1 324.2 335.6 425.5 492.1 543.2 556.8 606.5 696.2 744 744 730.9 742 768 786.5 834.2
Operating Margin 39.32% 38.26% 40.45% 41.82% 42.58% 41.2% 41.57% 46.12% 48.3% 47.35% 44.3% 43.28% 43.26% 43.95% 44.14%
Earnings before Tax (EBT) 1 267.3 309.5 362.3 424.2 485.8 496.7 586.4 644.5 694.4 722.8 708.6 723.5 743.9 793.2 831.3
Net income 1 239.3 272.3 299.1 354 427.1 436.5 491.9 545.3 613.6 637.7 582.1 590.9 608.8 661.5 706.8
Net margin 29.02% 31.04% 28.43% 30.08% 33.48% 32.3% 33.72% 36.13% 39.84% 40.58% 35.28% 34.47% 34.3% 36.97% 37.4%
EPS 2 0.7500 0.8500 0.9400 1.130 1.350 1.380 1.550 1.720 1.920 1.990 1.784 1.782 1.832 2.025 2.191
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 2/14/22 5/2/22 8/1/22 10/31/22 2/13/23 5/1/23 7/31/23 10/30/23 2/12/24 5/7/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 2,724 2,873 3,408 3,024 5,008 6,997 8,958 12,368
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 947 720 951 448 2,000 2,471 3,108 3,684
ROE (net income / shareholders' equity) 31.2% 23.1% 25.1% 32.7% 36.3% 29.8% 25.6% 23.6%
ROA (Net income/ Total Assets) 21.7% 16.1% 17.5% 23.2% 26.3% 23% 20.7% 20.3%
Assets 1 3,971 3,941 4,812 5,841 7,935 10,476 12,967 15,840
Book Value Per Share 2 9.470 10.90 12.90 15.90 23.30 30.20 38.00 46.10
Cash Flow per Share 2 2.980 2.310 3.180 1.560 6.410 8.350 10.00 12.10
Capex 1 15.8 15.4 64.7 44.6 34.4 47.6 59.1 63.6
Capex / Sales 0.65% 0.66% 2.2% 1.02% 0.59% 0.71% 0.76% 0.72%
Announcement Date 2/13/20 2/18/21 2/14/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Arista Networks, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
27
Last Close Price
314 USD
Average target price
311 USD
Spread / Average Target
-0.96%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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