Stock AnalizArista Networks, Inc. ANET
Computer Communications Equipment · data as of November 13, 2026
Arista Networks, Inc. (ANET) is a telecom company listed in the US with a market value of about $249.3B. In the twelve months to September 30, 2026 it had revenue of $11.9B and net income of $4.8B, a net margin of 40.0%.
Its overall Stock Analiz score is 3.8 out of 5 (good). The strongest part is future growth (5/5); the weakest is value (2/5).
Key numbers: a P/E of 53.0, a price to free cash flow of 49.7, 5-year revenue growth of 31% a year, a 5-year average ROIC of 25%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 22% above the current price.
Score: 3.8 / 5
Checks passed
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Pays a dividend
- Share count down over 3 years (buybacks)
- Dividend 3 years in a row
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.9B | $9.0B | $7.0B | $5.9B | $4.4B | $2.9B | $2.3B | $2.4B | $2.2B | $1.6B | $1.1B |
| Net income | $4.8B | $3.5B | $2.9B | $2.1B | $1.4B | $841M | $635M | $860M | $328M | $423M | $184M |
| Free cash flow | $5.0B | $4.3B | $3.7B | $2.0B | $448M | $951M | $720M | $947M | $479M | $616M | $153M |
| EPS (diluted) | $3.72 | $2.75 | $2.23 | $1.65 | $1.07 | $0.66 | $0.50 | $0.67 | $0.25 | $0.33 | $0.16 |
| Net margin | 40.0% | 39.0% | 40.7% | 35.6% | 30.9% | 28.5% | 27.4% | 35.7% | 15.2% | 25.7% | 16.3% |
| ROIC | — | 25.8% | 25.6% | 26.7% | 26.4% | 20.6% | 17.6% | 26.8% | 10.1% | 25.2% | 16.7% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 29 analysts is $249.65, 27% above the current price; targets range from $201.73 to $305.00; the consensus rating is “Strong buy”; expected EPS is $4.38 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Arista Networks’s P/E ratio?
About 53.0, based on the last twelve months of diluted earnings per share (forward P/E about 34.9).
Is Arista Networks stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 22% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Arista Networks pay a dividend?
Not currently.
Is Arista Networks a good stock to buy?
We do not give buy or sell advice. Arista Networks scores 3.8 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.