Arista Networks (ANET)
NYSEInformation TechnologyComputer HardwareSnapshot 2026-10-29
$168.86-8.34%
Close 2026-10-30 · 1-day change
NYSEInformation TechnologyComputer HardwareSnapshot 2026-10-29
Research Workspace
Put ANET beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Communications Equipment is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue growth is accelerating — up about 33% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityManagement screens strong on capital allocation, earnings delivery, margins.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 27% in its worst 12-month stretch.
View RiskArista’s AI networking and EOS platform must keep compounding to support its premium valuation. Revenue growth accelerated from 28.9% to 37.7%, and Q2 FY2026 revenue and earnings beat estimates. ANET trades at 54× P/E versus the 40× peer median. The price reflects less growth than our forecast, despite those elevated multiples. Competition from integrated NVIDIA networking could pressure margins, as TradersPro’s Substack argues. Our model puts the next-quarter miss probability near 16%. Peer multiples imply a price about 47% below where it trades. Our read remains intact; this read is provisional.
Trailing returns as of 2026-10-30. ANET is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 32 analysts currently covering ANET (as of Oct 2026).
Based on 10 Wall Street analysts offering 12-month price targets for ANET in the last 4 months.
Continue this research
Compare ANET with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
Compare now without an account. Saving and monitoring require an account.
| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| ANET Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Communications Equipment — fair value, gap to price, and forward P/E.
Compare the value case
Put ANET next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Invest in AI networking and platform innovation
AI networking growth aligns with innovation investment objective.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $168.86
The last 12 months of price, then the range of analyst 12-month targets from today’s $168.86.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Highlights competitive advantage over Celestica, supporting growth.
Threatens: Achieve strong revenue growth
Large AI commitments with delayed revenue conversion raise timing and execution risk.
Threatens: Invest in AI networking and platform innovation
Political risk could hinder AI networking investments.
Threatens: Achieve strong revenue growth
Forward commitments ahead of visibility expose growth forecasts to delivery and timing risk.
Advances: Invest in AI networking and platform innovation
AI networking investment aligns with innovation objectives.
Advances: Achieve strong revenue growth
Q3 revenue guidance upgrade supports strong revenue growth objective.
Advances: Achieve strong revenue growth
Earnings highlight strong AI demand, supporting revenue growth.