Arista Networks
ANET

$319.21

1.71%

Market Cap: 100B

About: Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.

Employees: 4,023

Information Technology Computer Communications Equipment

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 28 analysts

0

News positive %

of 42 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

127% more first-time investments, than exits

New positions opened: 229 | Existing positions closed: 101

22% more capital invested

Capital invested by funds: $49.9B [Q4 2023] → $60.8B (+$10.9B) [Q1 2024]

13% more repeat investments, than reductions

Existing positions increased: 492 | Existing positions reduced: 434

11% more funds holding

Funds holding: 1,187 [Q4 2023] → 1,315 (+128) [Q1 2024]

5% more funds holding in top 10

Funds holding in top 10: 37 [Q4 2023] → 39 (+2) [Q1 2024]

3% more call options, than puts

Call options by funds: $1.25B | Put options by funds: $1.22B

241.56% less ownership

Funds ownership: 308.85% [Q4 2023] → 67.29% (-241.56%) [Q1 2024]

See Fund Rankings

Research analyst outlook

28 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$210

34%

downside

Avg. target

$331

4%

upside

High target

$432

35%

upside

28 analyst ratings

23 positive

82%

4 neutral

14%

1 negative

4%

Wells Fargo Aaron Rakers	22%upside $390	Overweight Maintained	24 Jul 2024
Morgan Stanley Meta Marshall	11%upside $355	Overweight Maintained	18 Jul 2024
Keybanc Steve Enders	35%upside $432	Overweight Maintained	17 Jul 2024
Evercore ISI Group Amit Daryanani	25%upside $400	Outperform Maintained	16 Jul 2024
Piper Sandler James Fish	8%upside $345	Neutral Maintained	15 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 42 articles about ANET published over the past 30 days

Zacks Investment Research

Goldilocks US Economy to Boost Stock Price of ANET, QCOM, MU

Steady economic growth amid easing inflationary pressure bodes well for Arista Networks (ANET), QUALCOMM (QCOM) and Micron Technology (MU).

Goldilocks US Economy to Boost Stock Price of ANET, QCOM, MU

Zacks Investment Research

Should You Invest in Arista Networks (ANET) Based on Bullish Wall Street Views?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Should You Invest in Arista Networks (ANET) Based on Bullish Wall Street Views?

Zacks Investment Research

Is Arista (ANET) Stock a Smart Buy Before Q2 Earnings Release?

With solid fundamentals and healthy revenue-generating potential driven by robust demand trends, Arista (ANET) appears to be a solid investment proposition at the moment.

Is Arista (ANET) Stock a Smart Buy Before Q2 Earnings Release?

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The Motley Fool

This Legendary Wall Street Billionaire Is Selling Nvidia Stock and Buying 2 Artificial Intelligence (AI) Stocks Instead

Billionaire investor Stan Druckenmiller reduced his stake in Nvidia during the first quarter while adding to his positions in Microsoft and Arista Networks. Microsoft is monetizing generative artificial intelligence through its enterprise software products and cloud computing services.

This Legendary Wall Street Billionaire Is Selling Nvidia Stock and Buying 2 Artificial Intelligence (AI) Stocks Instead

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CNBC Television

Calls of the Day: Arista Networks, P&G, Colgate-Palmolive, Royal Caribbean and Progressive Corp.

The Investment Committee discuss the latest Calls Of The Day.

Calls of the Day: Arista Networks, P&G, Colgate-Palmolive, Royal Caribbean and Progressive Corp.

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Zacks Investment Research

Arista Networks (ANET) Rises As Market Takes a Dip: Key Facts

Arista Networks (ANET) closed at $346.65 in the latest trading session, marking a +1.29% move from the prior day.

Arista Networks (ANET) Rises As Market Takes a Dip: Key Facts

See News Rankings