More and more people are talking about Arista Networks over the last few weeks. Is it worth buying the Communication Equipment stock at a price of $233.74? Only time will tell. The information below will give you a basic idea of what this investment may entail:
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Arista Networks has moved 91.9% over the last year, and the S&P 500 logged a change of 22.9%
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ANET has an average analyst rating of buy and is 2.19% away from its mean target price of $228.72 per share
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Its trailing earnings per share (EPS) is $6.01
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Arista Networks has a trailing 12 month Price to Earnings (P/E) ratio of 38.9 while the S&P 500 average is 15.97
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Its forward earnings per share (EPS) is $7.26 and its forward P/E ratio is 32.2
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The company has a Price to Book (P/B) ratio of 11.17 in contrast to the S&P 500's average ratio of 2.95
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Arista Networks is part of the Telecommunications sector, which has an average P/E ratio of 23.78 and an average P/B of 3.46
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ANET has reported YOY quarterly earnings growth of 52.2% and gross profit margins of 0.6%
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The company has a free cash flow of $1.09 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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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, telecommunication service providers, 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.