Stock ANET ARISTA NETWORKS, INC.
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Financials Arista Networks, Inc.

Equities

ANET

US0404131064

Communications & Networking

Market Closed - Nyse
Other stock markets
 04:00:01 2024-04-26 pm EDT 		5-day change 1st Jan Change
264.7 USD -0.02% Intraday chart for Arista Networks, Inc. +7.56% +12.39%
Apr. 25 Juniper misses revenue estimates on weak networking gear demand RE
Apr. 15 North American Morning Briefing : Stock Futures -2- DJ

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,540 21,985 44,172 37,081 73,267 82,949 - -
Enterprise Value (EV) 1 12,815 19,112 40,764 34,058 68,259 76,546 74,293 71,103
P/E ratio 19.1 x 36.4 x 54.7 x 28.4 x 35.8 x 38.3 x 33.5 x 28.3 x
Yield - - - - - - - -
Capitalization / Revenue 6.45 x 9.49 x 15 x 8.46 x 12.5 x 12.6 x 10.9 x 9.62 x
EV / Revenue 5.32 x 8.25 x 13.8 x 7.77 x 11.6 x 11.6 x 9.77 x 8.25 x
EV / EBITDA 13.4 x 20.8 x 34.2 x 18.3 x 25.5 x 26.6 x 22.4 x 18.5 x
EV / FCF 13.5 x 26.6 x 42.9 x 76 x 34.1 x 31.3 x 25.7 x 21.3 x
FCF Yield 7.39% 3.77% 2.33% 1.32% 2.93% 3.19% 3.88% 4.7%
Price to Book 5.37 x 6.65 x 11.1 x 7.61 x 10.1 x 8.97 x 7.16 x 5.51 x
Nbr of stocks (in thousands) 305,596 302,646 307,284 305,573 311,100 313,369 - -
Reference price 2 50.85 72.64 143.8 121.4 235.5 264.7 264.7 264.7
Announcement Date 2/13/20 2/18/21 2/14/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,411 2,318 2,948 4,381 5,860 6,607 7,601 8,623
EBITDA 1 955.6 919.3 1,191 1,859 2,674 2,882 3,323 3,841
EBIT 1 922.7 874.7 1,141 1,796 2,603 2,857 3,292 3,767
Operating Margin 38.28% 37.75% 38.7% 41% 44.43% 43.24% 43.31% 43.68%
Earnings before Tax (EBT) 1 862.3 738.9 930.9 1,582 2,422 2,684 3,080 3,350
Net income 1 859.9 634.6 840.9 1,352 2,087 2,206 2,545 2,969
Net margin 35.67% 27.38% 28.52% 30.87% 35.62% 33.39% 33.48% 34.43%
EPS 2 2.658 1.998 2.630 4.270 6.580 6.909 7.905 9.350
Free Cash Flow 1 947.3 719.7 951.1 448.2 2,000 2,444 2,885 3,339
FCF margin 39.29% 31.06% 32.26% 10.23% 34.12% 36.99% 37.96% 38.72%
FCF Conversion (EBITDA) 99.13% 78.29% 79.85% 24.11% 74.78% 84.8% 86.83% 86.92%
FCF Conversion (Net income) 110.17% 113.42% 113.11% 33.14% 95.8% 110.77% 113.37% 112.46%
Dividend per Share 2 - - - - - - - -
Announcement Date 2/13/20 2/18/21 2/14/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 748.7 824.5 877.1 1,052 1,177 1,276 1,351 1,459 1,509 1,540 1,546 1,620 1,692 1,755 1,759
EBITDA 1 306.3 336.7 348.7 440.4 509.3 560.7 577.7 624.8 713.2 758.4 664.9 694.3 748 780.9 749.2
EBIT 1 293.7 324.2 335.6 425.5 492.1 543.2 556.8 606.5 696.2 744 660.9 693.4 738.1 770.7 758
Operating Margin 39.23% 39.32% 38.26% 40.45% 41.82% 42.58% 41.2% 41.57% 46.12% 48.3% 42.76% 42.8% 43.63% 43.92% 43.08%
Earnings before Tax (EBT) 1 234.6 267.3 309.5 362.3 424.2 485.8 496.7 586.4 644.5 694.4 623.2 661.8 692.3 722.3 740
Net income 1 224.3 239.3 272.3 299.1 354 427.1 436.5 491.9 545.3 613.6 514.4 541 572.9 597.5 627.1
Net margin 29.96% 29.02% 31.04% 28.43% 30.08% 33.48% 32.3% 33.72% 36.13% 39.84% 33.28% 33.4% 33.86% 34.05% 35.65%
EPS 2 0.7025 0.7500 0.8500 0.9400 1.130 1.350 1.380 1.550 1.720 1.920 1.591 1.664 1.757 1.835 1.953
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 11/1/21 2/14/22 5/2/22 8/1/22 10/31/22 2/13/23 5/1/23 7/31/23 10/30/23 2/12/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 2,724 2,873 3,408 3,024 5,008 6,403 8,656 11,846
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 947 720 951 448 2,000 2,444 2,885 3,339
ROE (net income / shareholders' equity) 31.2% 23.1% 25.1% 32.7% 36.3% 27.7% 24.9% 21.9%
ROA (Net income/ Total Assets) 21.7% 16.1% 17.5% 23.2% 26.3% 21.3% 20% 17.4%
Assets 1 3,971 3,941 4,812 5,841 7,935 10,343 12,727 17,062
Book Value Per Share 2 9.470 10.90 12.90 15.90 23.30 29.50 37.00 48.10
Cash Flow per Share 2 2.980 2.310 3.180 1.560 6.410 8.200 9.280 10.80
Capex 1 15.8 15.4 64.7 44.6 34.4 51.6 61.4 68.9
Capex / Sales 0.65% 0.66% 2.2% 1.02% 0.59% 0.78% 0.81% 0.8%
Announcement Date 2/13/20 2/18/21 2/14/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Arista Networks, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
29
Last Close Price
264.7 USD
Average target price
291.5 USD
Spread / Average Target
+10.11%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Communications & Networking

1st Jan change Capi.
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JUNIPER NETWORKS, INC. Stock Juniper Networks, Inc.
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