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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash-to-Debt 46.80
NYSE:ANET's Cash-to-Debt is ranked higher than
76% of the 2327 Companies
in the Global Computer Systems industry.

( Industry Median: 1.41 vs. NYSE:ANET: 46.80 )
Ranked among companies with meaningful Cash-to-Debt only.
NYSE:ANET' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.72  Med: 16.68 Max: 46.8
Current: 46.8
0.72
46.8
Equity-to-Asset 0.72
NYSE:ANET's Equity-to-Asset is ranked higher than
69% of the 2293 Companies
in the Global Computer Systems industry.

( Industry Median: 0.57 vs. NYSE:ANET: 0.72 )
Ranked among companies with meaningful Equity-to-Asset only.
NYSE:ANET' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21  Med: 0.67 Max: 0.72
Current: 0.72
0.21
0.72
Debt-to-Equity 0.02
NYSE:ANET's Debt-to-Equity is ranked higher than
93% of the 1788 Companies
in the Global Computer Systems industry.

( Industry Median: 0.34 vs. NYSE:ANET: 0.02 )
Ranked among companies with meaningful Debt-to-Equity only.
NYSE:ANET' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02  Med: 0.05 Max: 6.5
Current: 0.02
0.02
6.5
Debt-to-EBITDA 0.07
NYSE:ANET's Debt-to-EBITDA is ranked higher than
94% of the 1629 Companies
in the Global Computer Systems industry.

( Industry Median: 2.03 vs. NYSE:ANET: 0.07 )
Ranked among companies with meaningful Debt-to-EBITDA only.
NYSE:ANET' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.07  Med: 0.29 Max: 2.94
Current: 0.07
0.07
2.94
Interest Coverage 194.62
NYSE:ANET's Interest Coverage is ranked higher than
58% of the 1906 Companies
in the Global Computer Systems industry.

( Industry Median: 59.34 vs. NYSE:ANET: 194.62 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:ANET' s Interest Coverage Range Over the Past 10 Years
Min: 5.65  Med: 19.99 Max: 194.62
Current: 194.62
5.65
194.62
Piotroski F-Score: 7
Altman Z-Score: 19.28
Beneish M-Score: -2.67
WACC vs ROIC
12.74%
233.17%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 30.04
NYSE:ANET's Operating Margin % is ranked higher than
97% of the 2310 Companies
in the Global Computer Systems industry.

( Industry Median: 4.55 vs. NYSE:ANET: 30.04 )
Ranked among companies with meaningful Operating Margin % only.
NYSE:ANET' s Operating Margin % Range Over the Past 10 Years
Min: 17.83  Med: 21.49 Max: 31.75
Current: 30.04
17.83
31.75
Net Margin % 27.19
NYSE:ANET's Net Margin % is ranked higher than
97% of the 2309 Companies
in the Global Computer Systems industry.

( Industry Median: 3.47 vs. NYSE:ANET: 27.19 )
Ranked among companies with meaningful Net Margin % only.
NYSE:ANET' s Net Margin % Range Over the Past 10 Years
Min: 11.04  Med: 14.87 Max: 27.19
Current: 27.19
11.04
27.19
ROE % 31.78
NYSE:ANET's ROE % is ranked higher than
94% of the 2278 Companies
in the Global Computer Systems industry.

( Industry Median: 6.95 vs. NYSE:ANET: 31.78 )
Ranked among companies with meaningful ROE % only.
NYSE:ANET' s ROE % Range Over the Past 10 Years
Min: 17.73  Med: 26.13 Max: 101.77
Current: 31.78
17.73
101.77
ROA % 21.18
NYSE:ANET's ROA % is ranked higher than
96% of the 2334 Companies
in the Global Computer Systems industry.

( Industry Median: 3.44 vs. NYSE:ANET: 21.18 )
Ranked among companies with meaningful ROA % only.
NYSE:ANET' s ROA % Range Over the Past 10 Years
Min: 12.29  Med: 14.65 Max: 21.18
Current: 21.18
12.29
21.18
ROC (Joel Greenblatt) % 210.72
NYSE:ANET's ROC (Joel Greenblatt) % is ranked higher than
98% of the 2325 Companies
in the Global Computer Systems industry.

( Industry Median: 12.37 vs. NYSE:ANET: 210.72 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NYSE:ANET' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 67.32  Med: 107.27 Max: 210.72
Current: 210.72
67.32
210.72
3-Year Revenue Growth Rate 24.90
NYSE:ANET's 3-Year Revenue Growth Rate is ranked higher than
92% of the 2123 Companies
in the Global Computer Systems industry.

( Industry Median: 1.90 vs. NYSE:ANET: 24.90 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NYSE:ANET' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 13  Med: 26 Max: 60.5
Current: 24.9
13
60.5
3-Year EBITDA Growth Rate 35.70
NYSE:ANET's 3-Year EBITDA Growth Rate is ranked higher than
85% of the 1835 Companies
in the Global Computer Systems industry.

( Industry Median: 7.50 vs. NYSE:ANET: 35.70 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NYSE:ANET' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 20.2  Med: 29.15 Max: 44.4
Current: 35.7
20.2
44.4
3-Year EPS without NRI Growth Rate 60.70
NYSE:ANET's 3-Year EPS without NRI Growth Rate is ranked higher than
91% of the 1693 Companies
in the Global Computer Systems industry.

( Industry Median: 6.80 vs. NYSE:ANET: 60.70 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
NYSE:ANET' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 38.85 Max: 60.7
Current: 60.7
0
60.7
GuruFocus has detected 4 Warning Signs with Arista Networks Inc NYSE:ANET.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NYSE:ANET's 30-Y Financials

Financials (Next Earnings Date: 2018-08-03)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2017

ANET Guru Trades in Q2 2017

Lee Ainslie 15,960 sh (New)
Joel Greenblatt 44,340 sh (New)
Steve Mandel 1,845,638 sh (+45.56%)
George Soros Sold Out
PRIMECAP Management 3,000 sh (-6.25%)
Jim Simons 83,800 sh (-57.48%)
» More
Q3 2017

ANET Guru Trades in Q3 2017

Jim Simons 676,200 sh (+706.92%)
Steve Mandel Sold Out
Lee Ainslie Sold Out
PRIMECAP Management 1,800 sh (-40.00%)
Joel Greenblatt 9,115 sh (-79.44%)
» More
Q4 2017

ANET Guru Trades in Q4 2017

Lee Ainslie 26,430 sh (New)
Pioneer Investments 80,754 sh (New)
Paul Tudor Jones 2,375 sh (New)
PRIMECAP Management 5,800 sh (+222.22%)
Joel Greenblatt 24,843 sh (+172.55%)
Jim Simons 826,200 sh (+22.18%)
» More
Q1 2018

ANET Guru Trades in Q1 2018

Caxton Associates 6,000 sh (New)
Paul Tudor Jones 3,267 sh (+37.56%)
Jim Simons 866,200 sh (+4.84%)
PRIMECAP Management 6,050 sh (+4.31%)
Lee Ainslie Sold Out
Joel Greenblatt 23,537 sh (-5.26%)
Pioneer Investments 41,274 sh (-48.89%)
» More
» Details

Insider Trades

Latest Guru Trades with NYSE:ANET

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2018-03-31 Reduce -5.26%$231.03 - $307.96 $ 273.882%23,537
Joel Greenblatt 2017-12-31 Add 172.55%0.05%$181.17 - $243.55 $ 273.8828%24,843
Joel Greenblatt 2017-09-30 Reduce -79.44%0.07%$143.46 - $191.05 $ 273.8864%9,115
Steve Mandel 2017-09-30 Sold Out 1.41%$143.46 - $191.05 $ 273.8864%0
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Business Description

Industry: Computer Hardware » Computer Systems    NAICS: 334118    SIC: 3577
Compare:SZSE:002027, TPE:2382, HKSE:03396, TPE:2357, HKSE:00992, TSE:6724, XSWX:LOGN, SHSE:600522, TPE:2395, SHSE:603019, SHSE:600100, SZSE:000977, TPE:2354, HKSE:01337, NYSE:HPQ, TPE:2301, SZSE:000066, TPE:2324, TPE:2356, TPE:2377 » details
Traded in other countries:117.Germany,
Headquarter Location:USA
Arista Networks Inc is a supplier of cloud networking solutions that use software innovations to address the needs of large-scale Internet companies, cloud service providers, and next-generation data centers for enterprise support.

Arista is a data center network equipment vendor focused on low-latency, high-performance and scalable solutions. The company delivers software-driven cloud networking solutions, targeting large data center and computing environments. Headquartered in Santa Clara, California, Arista was founded in 2004 and went public in 2014.

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Ratios

vs
industry
vs
history
PE Ratio 45.17
ANET's PE Ratio is ranked lower than
86% of the 1712 Companies
in the Global Computer Systems industry.

( Industry Median: 21.22 vs. ANET: 45.17 )
Ranked among companies with meaningful PE Ratio only.
ANET' s PE Ratio Range Over the Past 10 Years
Min: 31.83  Med: 43.79 Max: 85.56
Current: 45.17
31.83
85.56
Forward PE Ratio 38.91
ANET's Forward PE Ratio is ranked lower than
96% of the 204 Companies
in the Global Computer Systems industry.

( Industry Median: 16.23 vs. ANET: 38.91 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 45.17
ANET's PE Ratio without NRI is ranked lower than
86% of the 1708 Companies
in the Global Computer Systems industry.

( Industry Median: 21.29 vs. ANET: 45.17 )
Ranked among companies with meaningful PE Ratio without NRI only.
ANET' s PE Ratio without NRI Range Over the Past 10 Years
Min: 31.83  Med: 43.79 Max: 85.56
Current: 45.17
31.83
85.56
Price-to-Owner-Earnings 38.76
ANET's Price-to-Owner-Earnings is ranked lower than
71% of the 1061 Companies
in the Global Computer Systems industry.

( Industry Median: 24.29 vs. ANET: 38.76 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
ANET' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 32  Med: 37.37 Max: 70.79
Current: 38.76
32
70.79
PB Ratio 11.03
ANET's PB Ratio is ranked lower than
97% of the 2265 Companies
in the Global Computer Systems industry.

( Industry Median: 1.83 vs. ANET: 11.03 )
Ranked among companies with meaningful PB Ratio only.
ANET' s PB Ratio Range Over the Past 10 Years
Min: 4.71  Med: 7.8 Max: 12.57
Current: 11.03
4.71
12.57
PS Ratio 12.24
ANET's PS Ratio is ranked lower than
95% of the 2265 Companies
in the Global Computer Systems industry.

( Industry Median: 1.15 vs. ANET: 12.24 )
Ranked among companies with meaningful PS Ratio only.
ANET' s PS Ratio Range Over the Past 10 Years
Min: 4.13  Med: 6.46 Max: 13.62
Current: 12.24
4.13
13.62
Price-to-Free-Cash-Flow 33.84
ANET's Price-to-Free-Cash-Flow is ranked lower than
74% of the 833 Companies
in the Global Computer Systems industry.

( Industry Median: 19.50 vs. ANET: 33.84 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
ANET' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 15.46  Med: 32.93 Max: 63.23
Current: 33.84
15.46
63.23
Price-to-Operating-Cash-Flow 32.98
ANET's Price-to-Operating-Cash-Flow is ranked lower than
85% of the 1089 Companies
in the Global Computer Systems industry.

( Industry Median: 13.31 vs. ANET: 32.98 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
ANET' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 14.26  Med: 30.78 Max: 50.52
Current: 32.98
14.26
50.52
EV-to-EBIT 34.16
ANET's EV-to-EBIT is ranked lower than
84% of the 1778 Companies
in the Global Computer Systems industry.

( Industry Median: 16.32 vs. ANET: 34.16 )
Ranked among companies with meaningful EV-to-EBIT only.
ANET' s EV-to-EBIT Range Over the Past 10 Years
Min: 20.9  Med: 32.15 Max: 54
Current: 34.16
20.9
54
EV-to-EBITDA 32.89
ANET's EV-to-EBITDA is ranked lower than
88% of the 1893 Companies
in the Global Computer Systems industry.

( Industry Median: 12.27 vs. ANET: 32.89 )
Ranked among companies with meaningful EV-to-EBITDA only.
ANET' s EV-to-EBITDA Range Over the Past 10 Years
Min: 19.1  Med: 30.1 Max: 49.6
Current: 32.89
19.1
49.6
EV-to-Revenue 10.47
ANET's EV-to-Revenue is ranked lower than
94% of the 2273 Companies
in the Global Computer Systems industry.

( Industry Median: 1.16 vs. ANET: 10.47 )
Ranked among companies with meaningful EV-to-Revenue only.
ANET' s EV-to-Revenue Range Over the Past 10 Years
Min: 3.9  Med: 7.05 Max: 12.9
Current: 10.47
3.9
12.9
PEG Ratio 1.40
ANET's PEG Ratio is ranked lower than
99.99% of the 826 Companies
in the Global Computer Systems industry.

( Industry Median: 1.84 vs. ANET: 1.40 )
Ranked among companies with meaningful PEG Ratio only.
ANET' s PEG Ratio Range Over the Past 10 Years
Min: 0  Med: 0 Max: 1.4
Current: 1.4
0
1.4
Current Ratio 5.20
ANET's Current Ratio is ranked higher than
85% of the 2227 Companies
in the Global Computer Systems industry.

( Industry Median: 1.94 vs. ANET: 5.20 )
Ranked among companies with meaningful Current Ratio only.
ANET' s Current Ratio Range Over the Past 10 Years
Min: 1.35  Med: 4.15 Max: 5.78
Current: 5.2
1.35
5.78
Quick Ratio 4.61
ANET's Quick Ratio is ranked higher than
87% of the 2226 Companies
in the Global Computer Systems industry.

( Industry Median: 1.44 vs. ANET: 4.61 )
Ranked among companies with meaningful Quick Ratio only.
ANET' s Quick Ratio Range Over the Past 10 Years
Min: 1.03  Med: 3.7 Max: 5.16
Current: 4.61
1.03
5.16
Days Inventory 179.76
ANET's Days Inventory is ranked lower than
92% of the 2250 Companies
in the Global Computer Systems industry.

( Industry Median: 72.56 vs. ANET: 179.76 )
Ranked among companies with meaningful Days Inventory only.
ANET' s Days Inventory Range Over the Past 10 Years
Min: 72.05  Med: 136.84 Max: 179.76
Current: 179.76
72.05
179.76
Days Sales Outstanding 42.44
ANET's Days Sales Outstanding is ranked higher than
74% of the 1915 Companies
in the Global Computer Systems industry.

( Industry Median: 76.14 vs. ANET: 42.44 )
Ranked among companies with meaningful Days Sales Outstanding only.
ANET' s Days Sales Outstanding Range Over the Past 10 Years
Min: 42.44  Med: 70.84 Max: 94.18
Current: 42.44
42.44
94.18
Days Payable 40.63
ANET's Days Payable is ranked lower than
80% of the 1835 Companies
in the Global Computer Systems industry.

( Industry Median: 64.07 vs. ANET: 40.63 )
Ranked among companies with meaningful Days Payable only.
ANET' s Days Payable Range Over the Past 10 Years
Min: 32.6  Med: 60.74 Max: 71.42
Current: 40.63
32.6
71.42

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -4.00
ANET's 3-Year Average Share Buyback Ratio is ranked lower than
55% of the 1443 Companies
in the Global Computer Systems industry.

( Industry Median: -2.90 vs. ANET: -4.00 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
ANET' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -27.9  Med: -16.45 Max: -4
Current: -4
-27.9
-4

Valuation & Return

vs
industry
vs
history
Price-to-Net-Cash 20.30
ANET's Price-to-Net-Cash is ranked lower than
78% of the 470 Companies
in the Global Computer Systems industry.

( Industry Median: 10.17 vs. ANET: 20.30 )
Ranked among companies with meaningful Price-to-Net-Cash only.
ANET' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 10.75  Med: 20.89 Max: 33.97
Current: 20.3
10.75
33.97
Price-to-Net-Current-Asset-Value 12.38
ANET's Price-to-Net-Current-Asset-Value is ranked lower than
87% of the 1638 Companies
in the Global Computer Systems industry.

( Industry Median: 4.22 vs. ANET: 12.38 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
ANET' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.15  Med: 9.44 Max: 14.62
Current: 12.38
6.15
14.62
Price-to-Tangible-Book 11.03
ANET's Price-to-Tangible-Book is ranked lower than
96% of the 2203 Companies
in the Global Computer Systems industry.

( Industry Median: 2.00 vs. ANET: 11.03 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
ANET' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.86  Med: 7.7 Max: 11.54
Current: 11.03
4.86
11.54
Price-to-Median-PS-Value 1.90
ANET's Price-to-Median-PS-Value is ranked lower than
84% of the 1989 Companies
in the Global Computer Systems industry.

( Industry Median: 1.12 vs. ANET: 1.90 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
ANET' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.72  Med: 1.02 Max: 1.9
Current: 1.9
0.72
1.9
Price-to-Graham-Number 4.71
ANET's Price-to-Graham-Number is ranked lower than
96% of the 1541 Companies
in the Global Computer Systems industry.

( Industry Median: 1.35 vs. ANET: 4.71 )
Ranked among companies with meaningful Price-to-Graham-Number only.
ANET' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.64  Med: 3.87 Max: 6.48
Current: 4.71
2.64
6.48
Earnings Yield (Greenblatt) % 2.92
ANET's Earnings Yield (Greenblatt) % is ranked lower than
64% of the 2329 Companies
in the Global Computer Systems industry.

( Industry Median: 4.22 vs. ANET: 2.92 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
ANET' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1.9  Med: 3.1 Max: 4.8
Current: 2.92
1.9
4.8

More Statistics

Revenue (TTM) (Mil) $1,783.20
EPS (TTM) $ 6.06
Beta1.65
Volatility28.93%
52-Week Range $141.78 - 311.67
Shares Outstanding (Mil)74.39

Analyst Estimate

Dec18 Dec19 Dec20
Revenue (Mil $) 2,098 2,544 3,003
EBIT (Mil $) 686 869 1,064
EBITDA (Mil $) 719 911 1,114
EPS ($) 6.39 7.33 8.36
EPS without NRI ($) 6.39 7.33 8.36
EPS Growth Rate
(Future 3Y To 5Y Estimate)
17.83%
Dividends per Share ($)

Piotroski F-Score Details

Piotroski F-Score: 77
Positive ROAY
Positive CFROAY
Higher ROA yoyY
CFROA > ROAY
Lower Leverage yoyY
Higher Current Ratio yoyY
Less Shares Outstanding yoyN
Higher Gross Margin yoyY
Higher Asset Turnover yoyN

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