Arista Networks (ANET)
NYSEInformation TechnologyComputer HardwareSnapshot 2026-11-05
$159.16-10.82%
Close 2026-11-05 · 1-day change
NYSEInformation TechnologyComputer HardwareSnapshot 2026-11-05
QuarterlyIQ Insights · ANET
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 34.2% |
| Our one-year growth estimate | diamond | 35.3% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 1.1 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 5 industry peers · Company calendar date is not available
Why it matters: Gross margin fell from 64.9% in the first half of 2025 to 62.9% in the first half of 2026. Another drop would add pressure to this key margin measure.
Worry ifQ3 non-GAAP gross margin is below 63%.
Less concerning ifQ3 non-GAAP gross margin is 63% or higher.
Why it matters: The tech sector is still growing, but its growth trend is easing. The sector data flags a drop below median growth as a key change to watch.
Worry ifThe sector measure of revenue growth drops below its median.
Less concerning ifThe sector measure stays at or above its median.
Why it matters: Arista guided to about $3.3 billion for Q3. A higher result would extend its strong revenue growth.
Supportive ifOn the November 3 earnings call, Q3 revenue is reported above $3.3 billion.
Worry ifQ3 revenue is reported below $3.3 billion.
Why it matters: Arista posted 40% year-over-year non-GAAP EPS growth in Q2. EPS above its Q3 range would extend that growth.
Supportive ifQ3 non-GAAP diluted EPS is reported above $1.08.
Worry ifQ3 non-GAAP diluted EPS is $1.08 or lower.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$241 on $10,000 · ±2.4% | How much price usually moves either way. |
| Bad day | $509 loss on $10,000 · 5.1% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,657 loss on $10,000 · 26.6% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.