Arista Networks (ANET)
Builds EOS-based Ethernet networks for AI clusters, data centers, campuses, and branches.
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Sells Ethernet switches, routers, Wi-Fi, SD-WAN, network software, and support for AI, cloud, data-center, campus, and branch environments. A common EOS foundation and CloudVision management span the portfolio, while revenue remains concentrated in hardware, the Americas, and a small number of large customers.
Designs Ethernet switching and routing systems for AI clusters, cloud and enterprise data centers, campuses, and wide-area networks. Etherlink platforms serve AI fabrics; 7000-series switches and routers handle data-center and backbone traffic; campus switching, Wi-Fi, and VeloCloud SD-WAN connect offices and branches. EOS provides a common operating system across platforms, while CloudVision supplies management, telemetry, automation, observability, and security. A-Care support and software contracts add recurring service revenue.
Builds hardware designs and core software in-house while outsourcing most manufacturing. A shared software architecture, extensive automated testing, and direct engineering collaboration with large customers support reliable operation across the portfolio. Sales are global but concentrated in the Americas; switching and routing platforms generate most product revenue, a small number of large customers account for substantial sales, and key components come from limited suppliers, including Broadcom for most merchant switching silicon.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 1, 2026 | Deutsche Bank | Upgrade | ||
| Aug 31, 2026 | Deutsche Bank | Initiate | Rating: —Target: — | Target: $220 |
| Aug 5, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $188 | Target: $225 |
| Aug 5, 2026 | UBS | Reiterate | Rating: —Target: $187 | Target: $259 |
| Aug 5, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $190 | Target: $220 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $13.34B · Total debt $0 · Total assets $23.72B · Shareholders' equity $14.80B
- Revenue
- $3.04B
- Operating income
- $1.38B
- Net income
- $1.21B
No dividends on record.
| Institutions | 71.85% | 906.23M shares | |
|---|---|---|---|
| 2,356 holders · as of Jun 30, 2026 | |||
| Insiders | 16.08% | 202.83M shares | |
| 12 holders · as of Sep 21, 2026 | |||
| Other | 12.07% | 152.17M shares | |
| remainder | |||
1.26B company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Andreas BechtolsheimInsider10 percent owner | 14.31% | 180.54M | filed Sep 21, 2026 |
BlackRock, Inc.Institution | 7.25% | 91.38M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 5.45% | 68.69M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.82% | 48.17M | as of Jun 30, 2026 |
FMR LLCInstitution | 3.75% | 47.35M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | Andreas Bechtolsheim | 10 percent owner | −300,000 | $198.95 |
| Sep 8, 2026 | Mark B. Templeton | director | −5,000 | $197.16 |
| Sep 1, 2026 | Chantelle Yvette Breithaupt | officer: Senior Vice President, CFO | −612 | $195.77 |
| Aug 27, 2026 | Andreas Bechtolsheim | 10 percent owner | −300,000 | $202.60 |
| Aug 25, 2026 | Jayshree Ullal | director, officer: CEO and Chairperson | −13,809 | $191.79 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Arista Networks | $204.51 | −0.33% | $258.37B | 64.7 | 43.9 | 24.5 | +37.7% |
| Cisco Systems | $106.41 | −0.03% | $419.53B | 32.0 | 20.8 | 6.6 | +17.6% |
| Nvidia | $227.20 | −0.73% | $5.54T | 28.9 | 18.9 | 18.3 | +105.9% |
| Hewlett Packard Enterprise | $62.38 | +2.20% | $80.83B | 31.8 | 13.7 | 1.9 | +33.5% |
| Extreme Networks | $21.83 | −1.26% | $2.89B | 71.5 | 16.7 | 2.3 | +10.3% |
| Median | 31.9 | 17.8 | 4.4 | +25.6% |