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Earnings transcript
Read the complete earnings call transcript.
ANET
Arista Networks, Inc.
$190.94
2.79
(1.48%)
| Exchange: | NYSE |
| Market Cap: | 240.426B |
| Shares Outstanding: | 821.125M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Computer Hardware | |||||
| CEO: | Jayshree V. Ullal | |||||
| Full Time Employees: | 5115 | |||||
| Address: |
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| Website: | https://www.arista.com |
Arista Networks, Inc. is a leading global technology firm that designs, promotes, and distributes innovative cloud networking solutions across the Americas, Europe, the Middle East, Africa, and Asia-Pacific regions. Its comprehensive product portfolio features advanced extensible operating systems, a collection of powerful network applications, and high-performance gigabit Ethernet switching and routing hardware. The company also offers robust post-contract customer support, which includes technical assistance, hardware repairs, parts replacement beyond standard warranty, and critical bug fixes, patches, and upgrades. Arista serves a diverse clientele, encompassing major internet companies, telecommunication providers, financial services organizations, government agencies, and entities in the media and entertainment sectors. Its sales strategy involves multiple channels, utilizing distributors, system integrators, value-added resellers, original equipment manufacturer partners, and a dedicated direct sales force. Established in 2004 as Arastra, Inc., the company adopted the name Arista Networks, Inc. in October 2008 and is headquartered in Santa Clara, California.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 5,860,168 | 7,003,100 | 9,005,700 |
| Gross Profit | 3,630,281 | 4,491,300 | 5,768,700 |
| EBITDA | 2,492,656 | 3,327,100 | 4,322,300 |
| Operating Income | 2,257,249 | 2,944,600 | 3,856,100 |
| Net Income | 2,087,321 | 2,852,100 | 3,511,400 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 9,956,635 | 14,043,921 | 19,448,600 |
| Total Liabilities | 2,737,576 | 4,049,114 | 7,078,100 |
| Total Stockholders Equity | 7,219,059 | 9,994,807 | 12,370,500 |
| Total Debt | 0 | 0 | 0 |
| Cash and Cash Equivalents | 1,938,606 | 2,762,357 | 1,963,900 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,034,014 | 3,708,235 | 4,371,900 |
| Capital Expenditure | -34,434 | -32,032 | -119,500 |
| Free Cash Flow | 1,999,580 | 3,676,203 | 4,252,400 |
| Net Income | 2,087,321 | 2,852,054 | 3,511,400 |
| Net Change in Cash | 1,263,486 | 824,304 | -798,500 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 21,976,181.184 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 25,864,513.640 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 24,299,237.830 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 13,809,809.408 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 16,253,233.480 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 15,269,615.789 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 8,945,731.444 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 11,070,766.991 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 10,215,320.842 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 2,035,466.940 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 2,395,610.138 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 2,250,631.939 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 8.010 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 8.680 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 7.010 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 10 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 4 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: Arista Networks reported strong Q3 2024 revenue of $1.81 billion, reflecting significant growth driven by demand in AI networking and cloud solutions, as highlighted in the earnings call transcript. Key metrics such as net income and operating cash flow (specific figures to be derived from income and cash flow statements) further underscore consistent profitability and operational efficiency.
- Innovation in AI Networking: The company’s focus on AI-driven networking solutions positions it as a leader in capturing high-growth markets, with the earnings call emphasizing innovation as a core driver of its competitive edge in both cloud and enterprise sectors.
- Strong Balance Sheet: Analysis of balance sheet data indicates a healthy financial position with substantial cash and cash equivalents, low debt-to-equity ratio (specific figures from key metrics), and growing retained earnings, providing flexibility for future investments and resilience against downturns.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates ANET intrinsic value between $42.22 – $99.89 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about ANET valuation
Is Arista Networks, Inc. (ANET) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Arista Networks, Inc. (ANET) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is ANET a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether ANET trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is ANET’s P/E ratio?
You can see ANET’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for ANET?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is ANET a good long-term investment?
Whether ANET fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
ANET
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Daily snapshot
1.48
Trading Metrics:
| Open: | 192.34 | Previous Close: | 188.15 | |
| Day Low: | 188.06 | Day High: | 193.15 | |
| Year Low: | 114.52 | Year High: | 214.89 | |
| Price Avg 50: | 177.99 | Price Avg 200: | 149.24 | |
| Volume: | 0 | Average Volume: | 9.11M |
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Hey everyone, welcome back to the channel! Today, we’re diving deep into a company that’s been making waves in the networking space, especially with the rise of AI and cloud computing. I’m talking about Arista Networks, ticker symbol ANET. If you’re looking to invest in a tech stock with serious growth potential, stick around because we’re breaking down everything you need to know—from financials to valuation, recent performance, and more. Let’s get started! Alright, before we crunch the numbers, let’s…
