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Arista Networks Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $244.4B |
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| Revenue (ttm) | 10.5B |
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| Net income (ttm) | 4B |
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| EPS (ttm) | $3.16 |
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| Shares out | 1.3B |
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| P/E (trailing) | 59.1x |
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| P/E (forward) | 36.9x |
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| Volume | 3,596,014 |
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| Beta | 1.60 |
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Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $2.95B | $4.38B | $5.86B | $7.00B | $9.01B | +32.2% |
| Gross profit | $1.88B | $2.68B | $3.63B | $4.49B | $5.77B | +32.3% |
| Operating income | $924.7M | $1.53B | $2.26B | $2.94B | $3.86B | +42.9% |
| Net income | $840.9M | $1.35B | $2.09B | $2.85B | $3.51B | +43.0% |
| EPS (diluted) | $0.66 | $1.07 | $1.65 | $2.23 | $2.75 | +43.0% |
| EBITDA | $981.2M | $1.64B | $2.49B | $3.33B | $4.32B | +44.9% |
| R&D | $586.8M | $728.4M | $854.9M | $996.7M | $1.24B | +20.5% |
| SG&A | $83.1M | $93.2M | $119.1M | $122.7M | $141.9M | +14.3% |
Recent company headlines from major financial publishers.
The base path holds if both dated FY2027 estimates are met and operating cash remains above reported profit. It fails if annual revenue growth breaches the thesis floor before FY2029.
The bull path needs FY2027 companywide revenue and adjusted earnings above their dated analyst means. Operating margin at or above FY2025's level and operating and free cash flow at or above FY2025 amounts would let higher sales lift profit and cash. It fades if product demand weakens and the smaller service line cannot offset lost sales.
| Ke ↓ / g → | 1.0% | 1.5% | 2.0% | 2.5% | 3.0% |
|---|---|---|---|---|---|
| 8.8% | $69.0 | $70.5 | $72.3 | $74.3 | $76.7 |
| 9.8% | $63.8 | $65.0 | $66.3 | $67.7 | $69.4 |
| 10.8% | $59.5 | $60.3 | $61.3 | $62.4 | $63.7 |
| 11.8% | $55.7 | $56.4 | $57.1 | $58.0 | $58.9 |
| 12.8% | $52.4 | $52.9 | $53.5 | $54.2 | $54.9 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
