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ANET

Arista Networks

NYSEInformation TechnologyComputer HardwareSnapshot 2026-05-08

$141.77+0.01%
Close 2026-05-08 · 1-day change
The bottom line

As of May 8, 2026, ANET has a composite score of 23.9 and a signal label of "mild favorable." This score is influenced by a high confidence level of 80.3 and strengths in quality (76.9) and management (58.5). However, the sector score is lower at 21.4, and the overall risk is labeled as "elevated" with a total risk score of 64.5. The analysis is provisional.

Composite +24as of 2026-05-08

Price

Daily closes from AlphaVantage. Earnings/event dots are placed inline.

Close 2026-05-08
Daily closes. Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event

Factor signals

Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.

L1

Thesis

is this a strong company over a 1–3 year hold?
F1 · Recent financial performance
neutral
Mid-cohort
Why this rank
  • Direction share
    1.00
  • Slope (norm)
    0.05
  • Bonus
    0.00
Operating income, last 4 quarters ($M)
98697810331158
F2 · Value
neutral
Mid-cohort by earnings yield
Why this rank
Price
$141.77
TTM EPS
$2.81
Earnings yield
2.0%
P/E (TTM)
50.5

Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1

F3 · Earnings quality
neutral
Mid-cohort cash conversion
Why this rank
TTM NI ($M)
3,721
TTM CFO ($M)
5,424
CFO/NI
1.46
L2

Watch

has something changed worth re-reading?
F4 · Management stability
stable
Top 30% activity in information technology cohort· see deep-dive ↓
capital friendlyTop 30% capital-friendly in information technology cohort
Earnings setup · pre-print positioning
forward-looking
bullish strongEPS revised +3.2% / 30d, n=23for period ending 2026-06-30
Why this setup
Consensus revisions

EPS estimate $0.86 → $0.88 (+3.2% / 30d). 2 raised, 0 cut, 23 covering analysts.

Rating actions

0 upgrades, 0 downgrades / 30d, 8 maintained. 90% of analysts rate Buy.

Price target activity

5 PT revisions / 30d. Avg target 18.0% above current price.

Material events

0 positive, 0 negative / 30d.

F4 · Management deep-dive — recent events, stated priorities, guidance track record
2

Stated priorities

3 priorityies extracted from earnings transcripts (as of 2026-05-08).

  1. 1.Achieve revenue growthgrowthbehind30% progressprovisional
    5/6: CEO: 'We surpassed $2B in revenue for the first time in Q1 2025 despite the unknowns around tariffs.'
    Why this status

    Stated in 6 of last 6 quarters. Revenue grew from $1.930 billion in 2024-Q4 to $2.709 billion in 2026-Q1, showing consistent growth. The trajectory is delivering on management's stated priority of revenue growth.

  2. 2.Maintain strong gross marginscostbehind30% progress
    2/12: CFO: 'Non-GAAP gross margin between approximately 62-63%.'
    Why this status

    Stated in 6 of last 6 quarters. Non-GAAP gross margin was 63.4% in 2025-Q4, showing a slight decline from previous quarters. Management's focus on maintaining strong gross margins shows limited progress, with margins slightly declining.

  3. 3.Sustain operating marginscostbehind30% progress
    2/12: CFO: 'Non-GAAP operating margin of approximately 46%.'
    Why this status

    Stated in 6 of last 6 quarters. Non-GAAP operating margin was 47.5% in 2025-Q4, showing a slight decline from previous quarters. Management's focus on sustaining operating margins shows limited progress, with margins slightly declining.

3

Guidance track record

Insufficient guidance history for this ticker.

L3

Position context

how violent might the path be while I hold it?
Risk profile · realized
backward-looking
elevatedworst 12m loss −28%, typical day ±2.4%
Why this risk level

Recent vol — 30d annualized 66%; 252d 53%.

Drawdown — Max 1y −28%. Bad day move −5%.

Beta to sector ETF (XLK) 0.12 over 1y.

Liquidity — score 100/100.

Sub-scores — vol 12/100, drawdown 43/100, beta 12/100, earnings vol .

Sector regime
tailwind+15.9%sector vs S&P 500, 60d

via XLK

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.

AI cycle regime · market-wide
2-axis classifier
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE +0.13 · M +0.71
Single-axisCHASEz +2.97+1.285d

Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-05-08.

3

What changed

The most important moves since the prior daily snapshot.

  1. No material changes since the prior snapshot.

No material changes since the prior snapshot.

as of 2026-05-08

4

Management scorecard

How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.

Composite58.5 / 100
Capital allocation56
Earnings discipline83
Margin discipline87
Balance sheet14
Guidance credibility
Post-call reaction28
as of 2026-05-08
4

What management is focused on

Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.

  • #1

    Achieve revenue growth

    GrowthNew since 2026-05-04

    Focus on increasing revenue through strategic initiatives and market expansion.

    On trackBehind

    Stated in 6 of last 6 quarters. Revenue grew from $1.930 billion in 2024-Q4 to $2.709 billion in 2026-Q1, showing consistent growth. The trajectory is delivering on management's stated priority of revenue growth.

    30%
    CEO/CFO:CEO: 'We surpassed $2B in revenue for the first time in Q1 2025 despite the unknowns around tariffs.'
    Press releaseSource dated 2025-05-06Stated 6 of last 8 quartersFirst seen 2026-05-04provisional
    Show history (6)
    • 2026-Q1Press release

      Revenue of $2.709 billion, an increase of 8.9% compared to the fourth quarter of 2025.

    • 2025-Q4Press release

      Revenue of $2.488 billion, an increase of 7.8% compared to the third quarter of 2025.

    • 2025-Q3Press release

      Revenue of $2.308 billion, an increase of 4.7% compared to the second quarter of 2025.

    • 2025-Q2Press release

      Revenue of $2.205 billion, an increase of 10.0% compared to the first quarter of 2025.

    • 2025-Q1Press release

      Revenue of $2.005 billion, an increase of 3.9% compared to the fourth quarter of 2024.

    • 2024-Q4Press release

      Revenue of $1.930 billion, an increase of 6.6% compared to the third quarter of 2024.

  • #2

    Maintain strong gross margins

    CostNew since 2026-05-04

    Focus on sustaining high gross margins through operational efficiency and strategic pricing.

    Behind

    Stated in 6 of last 6 quarters. Non-GAAP gross margin was 63.4% in 2025-Q4, showing a slight decline from previous quarters. Management's focus on maintaining strong gross margins shows limited progress, with margins slightly declining.

    Non-GAAP gross margin was 63.4% in 2025-Q4
    30%
    CEO/CFO:CFO: 'Non-GAAP gross margin between approximately 62-63%.'
    Press releaseSource dated 2026-02-12Stated 6 of last 8 quartersFirst seen 2026-05-04
    Show history (6)
    • 2026-Q1Press release

      Non-GAAP gross margin between approximately 62-63%.

    • 2025-Q4Press release

      Non-GAAP gross margin of 63.4%, compared to 65.2% in the third quarter of 2025.

    • 2025-Q3Press release

      Non-GAAP gross margin of 65.2%, compared to 65.6% in the second quarter of 2025.

    • 2025-Q2Press release

      Non-GAAP gross margin of 65.6%, compared to 64.1% in the first quarter of 2025.

    • 2025-Q1Press release

      Non-GAAP gross margin of 64.1%, compared to 64.2% in the fourth quarter of 2024.

    • 2024-Q4Press release

      Non-GAAP gross margin of 64.2%, compared to 64.6% in the third quarter of 2024.

  • #3

    Sustain operating margins

    CostNew since 2026-05-04

    Continue efforts to sustain high operating margins through cost management and efficiency.

    Behind

    Stated in 6 of last 6 quarters. Non-GAAP operating margin was 47.5% in 2025-Q4, showing a slight decline from previous quarters. Management's focus on sustaining operating margins shows limited progress, with margins slightly declining.

    Non-GAAP operating margin was 47.5% in 2025-Q4
    30%
    CEO/CFO:CFO: 'Non-GAAP operating margin of approximately 46%.'
    Press releaseSource dated 2026-02-12Stated 6 of last 8 quartersFirst seen 2026-05-04
    Show history (6)
    • 2026-Q1Press release

      Non-GAAP operating margin of approximately 46%.

    • 2025-Q4Press release

      Non-GAAP operating margin of 47.5%, compared to 47.0% in the third quarter of 2025.

    • 2025-Q3Press release

      Non-GAAP operating margin of 48.6%, compared to 49.1% in the second quarter of 2025.

    • 2025-Q2Press release

      Non-GAAP operating margin of 48.8%, compared to 46.5% in the first quarter of 2025.

    • 2025-Q1Press release

      Non-GAAP operating margin of 47.8%, compared to 47.4% in the fourth quarter of 2024.

    • 2024-Q4Press release

      Non-GAAP operating margin of 47.0%, compared to 48.3% in the third quarter of 2024.

as of 2026-05-08
5

How this stock is priced

Two ways to read price: against peers in the same business, and against the company's own history.

Compared to peers
30higher = cheaper

Looks more expensive than peers.

Compared to its own history
56higher = cheaper

Around its own typical valuation.

P/E
46.9x
EV/EBITDA
43.8x
FCF yield
2.9%

P/E over the last 5 years

71 monthly points
fullas of 2026-05-08
7

How this compares

A side-by-side read on composite, valuation, and risk versus peers.

StockCompositeValuationRisk
ANET
Arista Networks
+24fullelevated
NVDA
NVIDIA Corporation
+20fullmoderate
AAPL
Apple Inc
+19fullmoderate
MSFT
Microsoft
+27fairelevated
AVGO
Broadcom
+11expensiveelevated
8

Risk — how this stock moves

What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.

A typical day
How much price usually moves either way.
2.4%
A bad day (95th %ile)
A rough but not unusual down day.
-4.6%
Worst 12-month loss
Deepest peak-to-trough drop in the last year.
-28.3%
Earnings-day move
How much price usually moves on earnings day.
elevatedas of 2026-05-08
9

What could change this view

Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.

Upside triggers
  • If information_technology sector trend rises from +0.08 into 'improving' (>= +0.20)+5.0 pts
  • If next-quarter guidance is raised (currently NEW as of 2026-05-05)+4.0 pts
Downside triggers
  • If next-quarter guidance is cut (currently NEW as of 2026-05-05)-8.0 pts
  • If rates state reverses from -0.37 (negative) to +0.37 (positive)-7.3 pts
  • If information_technology sector trend falls from +0.08 into 'weakening' (<= -0.20)-5.0 pts
10

Material updates

Recent SEC 8-K filings ranked by likely impact, confidence, and recency.

  1. 2026-05-054d agoItem 2.02

    Results of Operations and Financial Condition On May 5, 2026, Arista Networks, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2026. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This information and Exhibit 99.1 are intended to be furnished under Item 2.02, “Results of Operations and Financial Condition,” and Item 9.01, “Financial Statements and Exhibits,” of Form 8-K and shall not b…

    earnings preannouncementneutralscore 60
  2. 2026-02-122mo agoItem 2.02

    Results of Operations and Financial Condition. On February 12, 2026, Arista Networks, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2025. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This information and Exhibit 99.1 are intended to be furnished under Item 2.02, “Results of Operations and Financial Condition,” and Item 9.01, “Financial Statements and Exh…

    earnings preannouncementneutralscore 9
  3. 2025-11-046mo agoItem 2.02

    Results of Operations and Financial Condition On November 4, 2025, Arista Networks, Inc. issued a press release announcing its financial results for the quarter ended September 30, 2025. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This information and Exhibit 99.1 are intended to be furnished under Item 2.02, “Results of Operations and Financial Condition,” and Item 9.01, “Financial Statements and Exhibits,” of Form 8-K and sh…

    earnings preannouncementneutralscore 1
  4. 2025-09-088mo agoItem 5.02

    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 5, 2025, the Board of Directors (the “Board”) of Arista Networks, Inc. (the “Company”) appointed Kenneth Duda, the Company’s current Chief Technology Officer and Senior Vice President, Engineering, as the Company’s President and Chief Technology Officer, effective immediately. Mr. Duda’s expanded role will oversee cloud and AI systems…

    executive changeneutralscore 0
  5. 2025-08-059mo agoItem 2.02

    Results of Operations and Financial Condition On August 5, 2025, Arista Networks, Inc. issued a press release announcing its financial results for the quarter ended June 30, 2025. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This information and Exhibit 99.1 are intended to be furnished under Item 2.02, “Results of Operations and Financial Condition,” and Item 9.01, “Financial Statements and Exhibits,” of Form 8-K and shall not…

    earnings preannouncementpositivescore 0
11

Score history

The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.

60 snapshots
Data freshness · As of 2026-05-08 · Macro 2026-05-08 · Sector 2026-05-07 · Fundamentals 2026-05-06 · Price 2026-05-07 · Generated 2026-05-08 · Spec 2.3

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.