Arista Networks (ANET)

• Market cap: $85B
• 1 day: -4.96%
• 5 days: -11.54%
• 1 month: -18.60%
• 3 months: -44.30%
• 6 months: -33.33%
• Year to date: -39.47%
• 1 year: 10.27%
• 5 years: 441.36%
• 10 years: 1,542.48%
• Sector: Technology
• Industry: Computer Hardware

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: 4,412

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

5,555% more repeat investments, than reductions

Existing positions increased: 1,244 | Existing positions reduced: 22

78% more first-time investments, than exits

New positions opened: 284 | Existing positions closed: 160

21% more capital invested

Capital invested by funds: $80.1B [Q3] → $97.1B (+$16.9B) [Q4]

20% more funds holding in top 10

Funds holding in top 10: 56 [Q3] → 67 (+11) [Q4]

6% more funds holding

Funds holding: 1,461 [Q3] → 1,553 (+92) [Q4]

0.43% less ownership

Funds ownership: 66.89% [Q3] → 66.46% (-0.43%) [Q4]

16% less call options, than puts

Call options by funds: $1.58B | Put options by funds: $1.87B

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $73 8% upside
• Avg. target: $108 60% upside
• High target: $145 114% upside

11 analyst ratings

• positive: 9 82%
• neutral: 1 9%
• negative: 1 9%

JP Morgan Samik Chatterjee 28% 1-year accuracy 21 / 74 met price target	63% upside $110	Overweight Maintained	17 Apr 2025
Evercore ISI Group Amit Daryanani 10% 1-year accuracy 4 / 42 met price target	48% upside $100	Outperform Maintained	15 Apr 2025
Citigroup Atif Malik 12% 1-year accuracy 7 / 59 met price target	36% upside $92	Buy Maintained	14 Apr 2025
Morgan Stanley Meta Marshall 47% 1-year accuracy 14 / 30 met price target	8% upside $73	Overweight Maintained	8 Apr 2025
Piper Sandler James Fish 34% 1-year accuracy 10 / 29 met price target	12% upside $76	Neutral Maintained	8 Apr 2025