Arista NetworksANET
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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
105% more first-time investments, than exits
New positions opened: 176 | Existing positions closed: 86
30% more repeat investments, than reductions
Existing positions increased: 623 | Existing positions reduced: 480
5% more funds holding
Funds holding: 1,388 [Q2] → 1,456 (+68) [Q3]
3% more capital invested
Capital invested by funds: $80.1B [Q2] → $82.8B (+$2.68B) [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: $1.56B | Put options by funds: $1.6B
3.84% less ownership
Funds ownership: 72.9% [Q2] → 69.06% (-3.84%) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Goldman Sachs Michael Ng 65% 1-year accuracy 15 / 23 met price target | 11%upside $135 | Buy Maintained | 17 Jan 2025 |
Evercore ISI Group Amit Daryanani 63% 1-year accuracy 31 / 49 met price target | 7%upside $130 | Outperform Maintained | 17 Jan 2025 |
Morgan Stanley Meta Marshall 80% 1-year accuracy 20 / 25 met price target | 3%downside $118 | Overweight Maintained | 17 Dec 2024 |
Barclays Tim Long 58% 1-year accuracy 31 / 53 met price target | 3%upside $125 | Overweight Maintained | 4 Dec 2024 |
Rosenblatt Mike Genovese 81% 1-year accuracy 29 / 36 met price target | 34%downside $80 | Sell Maintained | 8 Nov 2024 |
Financial journalist opinion
Based on 32 articles about ANET published over the past 30 days
