Arista Networks (ANET) Stock – Key Fundamentals Analysis

By Tamara Parker • Thursday, August 28 15:21 • Permanent Link

Join us for a quick overview of Arista Networks, a Communication Equipment company whose shares moved 2.0% today. Here are some facts about the stock that should help you see the bigger picture:

Arista Networks has moved 53.8% over the last year, and the S&P 500 logged a change of 15.9%
ANET has an average analyst rating of buy and is -2.74% away from its mean target price of $139.83 per share
Its trailing earnings per share (EPS) is $2.55
Arista Networks has a trailing 12 month Price to Earnings (P/E) ratio of 53.3 while the S&P 500 average is 29.3
Its forward earnings per share (EPS) is $9.73 and its forward P/E ratio is 14.0
The company has a Price to Book (P/B) ratio of 15.74 in contrast to the S&P 500's average ratio of 4.74
Arista Networks is part of the Telecommunications sector, which has an average P/E ratio of 18.22 and an average P/B of 1.86
ANET has reported YOY quarterly earnings growth of 34.6% and gross profit margins of 0.6%
The company has a free cash flow of $3.33 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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. 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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