Arista NetworksANET
ANET
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
0
Funds holding %
of 6,780 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
58% more first-time investments, than exits
New positions opened: 175 | Existing positions closed: 111
30% more repeat investments, than reductions
Existing positions increased: 621 | Existing positions reduced: 477
5% more funds holding
Funds holding: 1,386 [Q2] → 1,450 (+64) [Q3]
4% more capital invested
Capital invested by funds: $77.1B [Q2] → $80B (+$2.94B) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 55 [Q2] → 55 (+0) [Q3]
2% less call options, than puts
Call options by funds: $1.54B | Put options by funds: $1.57B
3.39% less ownership
Funds ownership: 70.2% [Q2] → 66.81% (-3.39%) [Q3]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$320
22%
downside
Avg. target
$421
2%
upside
High target
$495
20%
upside
10 analyst ratings
6 positive
60%
3 neutral
30%
1 negative
10%
Rosenblatt Mike Genovese 69% 1-year accuracy 11 / 16 met price target | 22%downside $320 | Sell Maintained | 8 Nov 2024 |
Barclays Tim Long 60% 1-year accuracy 28 / 47 met price target | 20%upside $495 | Overweight Maintained | 8 Nov 2024 |
UBS David Vogt 67% 1-year accuracy 4 / 6 met price target | 3%upside $425 | Neutral Maintained | 8 Nov 2024 |
Piper Sandler James Fish 74% 1-year accuracy 14 / 19 met price target | 2%upside $421 | Neutral Reiterated | 8 Nov 2024 |
Wells Fargo Aaron Rakers 69% 1-year accuracy 22 / 32 met price target | 11%upside $460 | Overweight Maintained | 30 Oct 2024 |
Financial journalist opinion
Based on 39 articles about ANET published over the past 30 days
Positive
Zacks Investment Research
2 hours ago
Investors Heavily Search Arista Networks, Inc. (ANET): Here is What You Need to Know
Arista Networks (ANET) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Neutral
Business Wire
3 hours ago
Arista Unveils Modern Stacking for Campus Networks
SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks (NYSE: ANET), a leading provider of cloud and AI networking solutions, today announced innovations enabling customers to build scalable and resilient campus networks. Arista is introducing the Switch Aggregation Group (SWAG™) capability in Arista EOS® that uses industry-standard Ethernet to group and manage individual switches via a single IP address. In addition, Arista CloudVision® Leaf Spine Stack (LSS™) Management allows operators to col.
Positive
Seeking Alpha
3 hours ago
Arista Networks: We Missed The Boat - Still Overly Expensive Here
Arista Networks' strategic partnerships with AVGO, META, and MSFT have yielded robust performance metrics, with it bringing forth promising long-term prospects. This is on top of the growing market share across the high speed data center switching market and 100G/200G/400G switch port market, pointing to its undisputed market leading position. Thanks to the expanding cloud networking Total Addressable Market from $41B in 2024 to $70B in 2028 at a CAGR of +14.3%, ANET is likely to do well ahead.
Neutral
24/7 Wall Street
4 hours ago
Stock Splits Matter: Here's What's Coming in December
24/7 Wall St. Insights Here is a look at why companies split their stocks and why it matters.
Positive
Investors Business Daily
1 day ago
Arista Networks, Palo Alto To Join Nvidia, Broadcom, Super Micro In 2024 Stock Splits
Nvidia stock has gained 175% in 2024 but most of the gain came before its June stock split. Arista stock and Palo Alto stock will soon split.
Positive
Zacks Investment Research
4 days ago
Arista Networks (ANET) Upgraded to Buy: Here's Why
Arista Networks (ANET) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Positive
Zacks Investment Research
5 days ago
3 Communication Stocks Set to Ride on Fiber Network & Cloud Focus
Increased fiber densification, cloud focus and accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. ANET, GLW and HLIT are well-positioned to make the most of the demand for seamless connectivity solutions.
Positive
Zacks Investment Research
5 days ago
3 Stocks Not Named Nvidia to Buy for AI Exposure
It isn???t just beloved NVIDIA enjoying the tailwinds, these three companies have also seen the same.
Positive
Seeking Alpha
6 days ago
Arista Networks: The Front-Runner In AI Networking Solutions
Arista Networks is poised to benefit from AI adoption, with its stock up 70% this year, despite a recent post-earnings dip. The company excels in front-end AI network solutions, with strong Q3 2024 earnings and promising future growth in AI infrastructure. ANET's valuation appears high, but future AI growth could justify current prices for long-term investors.
Positive
Seeking Alpha
1 week ago
Thankful Investors - Last 5 Years
We're highlighting the 25 best-performing stocks in the S&P 1500 on a total return basis over the last five years. At the top of the list, above even Nvidia, is Alpha Metallurgical, which mines and produces coal for steel production and power generation. NVDA ranks second, turning $1,000 five years ago into more than $25,000 today, followed by energy drink maker Celsius, MARA Holdings, and GameStop.
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