Arista Networks Inc (ANET) vs. S&P500: A Comparative Analysis

After finishing at $299.75 in the prior trading day, Arista Networks Inc (NYSE: ANET) closed at $290.85, down -2.97%. In other words, the price has decreased by -$8.90 from its previous closing price. On the day, 2182220 shares were traded.

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Our goal is to gain a better understanding of ANET by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 45.47. For the most recent quarter (mrq), Quick Ratio is recorded 3.31 and its Current Ratio is at 4.39. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.

On December 14, 2023, Citigroup reiterated its Buy rating and also lowered its target price recommendation from $220 to $300.

Morgan Stanley Upgraded its Equal-Weight to Overweight on October 31, 2023, whereas the target price for the stock was revised from $185 to $220.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 28 ’24 when Ullal Jayshree sold 23,000 shares for $288.51 per share. The transaction valued at 6,635,730 led to the insider holds 1,647,300 shares of the business.

Ullal Jayshree sold 23,000 shares of ANET for $6,813,520 on Mar 27 ’24. The President and CEO now owns 1,651,800 shares after completing the transaction at $296.24 per share. On Mar 26 ’24, another insider, Ullal Jayshree, who serves as the President and CEO of the company, sold 23,000 shares for $298.97 each. As a result, the insider received 6,876,310 and left with 1,656,300 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ANET now has a Market Capitalization of 90.93B and an Enterprise Value of 86.52B. As of this moment, Arista’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.21, and their Forward P/E ratio for the next fiscal year is 34.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.52 while its Price-to-Book (P/B) ratio in mrq is 12.58. Its current Enterprise Value per Revenue stands at 14.76 whereas that against EBITDA is 37.17.

Stock Price History:

Over the past 52 weeks, ANET has reached a high of $307.74, while it has fallen to a 52-week low of $131.68. The 50-Day Moving Average of the stock is 277.17, while the 200-Day Moving Average is calculated to be 216.12.

Shares Statistics:

The stock has traded on average 2.48M shares per day over the past 3-months and 2.72M shares per day over the last 10 days, according to various share statistics. A total of 312.25M shares are outstanding, with a floating share count of 255.28M. Insiders hold about 18.35% of the company’s shares, while institutions hold 69.41% stake in the company. Shares short for ANET as of Mar 15, 2024 were 3.22M with a Short Ratio of 1.30, compared to 3.61M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.03% and a Short% of Float of 1.26%.

Earnings Estimates

Its stock is currently analyzed by 21 different market analysts. On average, analysts expect EPS of $1.74 for the current quarter, with a high estimate of $1.97 and a low estimate of $1.66, while EPS last year was $1.43. The consensus estimate for the next quarter is $1.82, with high estimates of $2.07 and low estimates of $1.7.

Analysts are recommending an EPS of between $8.42 and $7.22 for the fiscal current year, implying an average EPS of $7.5. EPS for the following year is $8.56, with 24 analysts recommending between $9.66 and $7.86.

Revenue Estimates

19 analysts predict $1.55B in revenue for the current quarter. It ranges from a high estimate of $1.62B to a low estimate of $1.51B. As of the current estimate, Arista Networks Inc’s year-ago sales were $1.31B, an estimated increase of 18.50% from the year-ago figure. For the next quarter, 18 analysts are estimating revenue of $1.62B, an increase of 10.80% less than the figure of $18.50% in the same quarter last year. There is a high estimate of $1.7B for the next quarter, whereas the lowest estimate is $1.57B.

A total of 25 analysts have provided revenue estimates for ANET’s current fiscal year. The highest revenue estimate was $6.95B, while the lowest revenue estimate was $6.51B, resulting in an average revenue estimate of $6.6B. In the same quarter a year ago, actual revenue was $5.86B, up 12.70% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $7.58B in the next fiscal year. The high estimate is $8.18B and the low estimate is $7.17B. The average revenue growth estimate for next year is up 14.90% from the average revenue estimate for this year.

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