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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 : 9/10

vs
industry
vs
history
Cash-to-Debt 55.21
NYSE:ANET's Cash-to-Debt is ranked higher than
77% of the 2317 Companies
in the Global Computer Systems industry.

( Industry Median: 1.26 vs. NYSE:ANET: 55.21 )
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: 16.16 Max: 55.21
Current: 55.21
0.72
55.21
Equity-to-Asset 0.70
NYSE:ANET's Equity-to-Asset is ranked higher than
73% of the 2282 Companies
in the Global Computer Systems industry.

( Industry Median: 0.55 vs. NYSE:ANET: 0.70 )
Ranked among companies with meaningful Equity-to-Asset only.
NYSE:ANET' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.09  Med: 0.68 Max: 0.7
Current: 0.7
0.09
0.7
Debt-to-Equity 0.02
NYSE:ANET's Debt-to-Equity is ranked higher than
94% of the 1765 Companies
in the Global Computer Systems industry.

( Industry Median: 0.36 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 0.11
NYSE:ANET's Debt-to-EBITDA is ranked higher than
94% of the 1627 Companies
in the Global Computer Systems industry.

( Industry Median: 1.99 vs. NYSE:ANET: 0.11 )
Ranked among companies with meaningful Debt-to-EBITDA only.
NYSE:ANET' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.08  Med: 0.26 Max: 2.94
Current: 0.11
0.08
2.94
Interest Coverage 251.15
NYSE:ANET's Interest Coverage is ranked higher than
81% of the 1836 Companies
in the Global Computer Systems industry.

( Industry Median: 18.76 vs. NYSE:ANET: 251.15 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:ANET' s Interest Coverage Range Over the Past 10 Years
Min: 5.65  Med: 33.68 Max: 251.15
Current: 251.15
5.65
251.15
Piotroski F-Score: 5
Altman Z-Score: 16.74
Beneish M-Score: -1.39
WACC vs ROIC
11.20%
515.76%
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 : 8/10

vs
industry
vs
history
Operating Margin % 31.53
NYSE:ANET's Operating Margin % is ranked higher than
98% of the 2300 Companies
in the Global Computer Systems industry.

( Industry Median: 4.64 vs. NYSE:ANET: 31.53 )
Ranked among companies with meaningful Operating Margin % only.
NYSE:ANET' s Operating Margin % Range Over the Past 10 Years
Min: 17.83  Med: 21.53 Max: 31.75
Current: 31.53
17.83
31.75
Net Margin % 15.25
NYSE:ANET's Net Margin % is ranked higher than
90% of the 2299 Companies
in the Global Computer Systems industry.

( Industry Median: 3.48 vs. NYSE:ANET: 15.25 )
Ranked among companies with meaningful Net Margin % only.
NYSE:ANET' s Net Margin % Range Over the Past 10 Years
Min: 11.04  Med: 15.06 Max: 25.71
Current: 15.25
11.04
25.71
ROE % 17.60
NYSE:ANET's ROE % is ranked higher than
84% of the 2278 Companies
in the Global Computer Systems industry.

( Industry Median: 6.72 vs. NYSE:ANET: 17.60 )
Ranked among companies with meaningful ROE % only.
NYSE:ANET' s ROE % Range Over the Past 10 Years
Min: 17.24  Med: 21.75 Max: 101.77
Current: 17.6
17.24
101.77
ROA % 11.93
NYSE:ANET's ROA % is ranked higher than
89% of the 2329 Companies
in the Global Computer Systems industry.

( Industry Median: 3.43 vs. NYSE:ANET: 11.93 )
Ranked among companies with meaningful ROA % only.
NYSE:ANET' s ROA % Range Over the Past 10 Years
Min: 11.84  Med: 14.52 Max: 20.2
Current: 11.93
11.84
20.2
ROC (Joel Greenblatt) % 127.46
NYSE:ANET's ROC (Joel Greenblatt) % is ranked higher than
97% of the 2326 Companies
in the Global Computer Systems industry.

( Industry Median: 12.21 vs. NYSE:ANET: 127.46 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NYSE:ANET' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 66.66  Med: 111.67 Max: 173.35
Current: 127.46
66.66
173.35
3-Year Revenue Growth Rate 31.40
NYSE:ANET's 3-Year Revenue Growth Rate is ranked higher than
93% of the 2196 Companies
in the Global Computer Systems industry.

( Industry Median: 2.80 vs. NYSE:ANET: 31.40 )
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: 24.9  Med: 35.1 Max: 60.5
Current: 31.4
24.9
60.5
3-Year EBITDA Growth Rate 20.10
NYSE:ANET's 3-Year EBITDA Growth Rate is ranked higher than
75% of the 1871 Companies
in the Global Computer Systems industry.

( Industry Median: 5.10 vs. NYSE:ANET: 20.10 )
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: 20.1  Med: 43.8 Max: 46.6
Current: 20.1
20.1
46.6
3-Year EPS without NRI Growth Rate 34.50
NYSE:ANET's 3-Year EPS without NRI Growth Rate is ranked higher than
82% of the 1725 Companies
in the Global Computer Systems industry.

( Industry Median: 6.60 vs. NYSE:ANET: 34.50 )
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: 34.5 Max: 60.7
Current: 34.5
0
60.7
GuruFocus has detected 2 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: 2019-05-03)


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

» Details

Guru Trades

Q1 2018

ANET Guru Trades in Q1 2018

Caxton Associates 6,000 sh (New)
PRIMECAP Management 6,050 sh (+4.31%)
Paul Tudor Jones 3,267 sh (+37.56%)
Jim Simons 866,200 sh (+4.84%)
Lee Ainslie Sold Out
Joel Greenblatt 23,537 sh (-5.26%)
Pioneer Investments 41,274 sh (-48.89%)
» More
Q2 2018

ANET Guru Trades in Q2 2018

Jim Simons 1,093,700 sh (+26.26%)
PRIMECAP Management 6,050 sh (unchged)
Caxton Associates Sold Out
Joel Greenblatt 1,478 sh (-93.72%)
Paul Tudor Jones 1,231 sh (-62.32%)
Pioneer Investments 20,581 sh (-50.14%)
» More
Q3 2018

ANET Guru Trades in Q3 2018

Pioneer Investments 23,796 sh (+15.62%)
PRIMECAP Management 6,050 sh (unchged)
Paul Tudor Jones Sold Out
Jim Simons 919,800 sh (-15.90%)
Joel Greenblatt 1,198 sh (-18.94%)
» More
Q4 2018

ANET Guru Trades in Q4 2018

Pioneer Investments 28,980 sh (+21.79%)
Joel Greenblatt 12,072 sh (+907.68%)
PRIMECAP Management 6,050 sh (unchged)
Jim Simons 759,900 sh (-17.38%)
» 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%)

Guru Date Action
Impact Price Range
(Average)*
Change from Average Comment Current Shares
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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.

Ratios

vs
industry
vs
history
PE Ratio 76.73
ANET's PE Ratio is ranked lower than
95% of the 1711 Companies
in the Global Computer Systems industry.

( Industry Median: 16.75 vs. ANET: 76.73 )
Ranked among companies with meaningful PE Ratio only.
ANET' s PE Ratio Range Over the Past 10 Years
Min: 31.83  Med: 46 Max: 115.14
Current: 76.73
31.83
115.14
Forward PE Ratio 32.57
ANET's Forward PE Ratio is ranked lower than
90% of the 259 Companies
in the Global Computer Systems industry.

( Industry Median: 14.71 vs. ANET: 32.57 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 76.73
ANET's PE Ratio without NRI is ranked lower than
95% of the 1690 Companies
in the Global Computer Systems industry.

( Industry Median: 16.78 vs. ANET: 76.73 )
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: 46 Max: 115.14
Current: 76.73
31.83
115.14
Price-to-Owner-Earnings 62.18
ANET's Price-to-Owner-Earnings is ranked lower than
80% of the 1041 Companies
in the Global Computer Systems industry.

( Industry Median: 22.30 vs. ANET: 62.18 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
ANET' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 31.41  Med: 40.42 Max: 77.26
Current: 62.18
31.41
77.26
PB Ratio 10.52
ANET's PB Ratio is ranked lower than
98% of the 2309 Companies
in the Global Computer Systems industry.

( Industry Median: 1.47 vs. ANET: 10.52 )
Ranked among companies with meaningful PB Ratio only.
ANET' s PB Ratio Range Over the Past 10 Years
Min: 4.71  Med: 8.02 Max: 13.42
Current: 10.52
4.71
13.42
PS Ratio 11.04
ANET's PS Ratio is ranked lower than
95% of the 2318 Companies
in the Global Computer Systems industry.

( Industry Median: 0.98 vs. ANET: 11.04 )
Ranked among companies with meaningful PS Ratio only.
ANET' s PS Ratio Range Over the Past 10 Years
Min: 4.66  Med: 8.06 Max: 13.62
Current: 11.04
4.66
13.62
Price-to-Free-Cash-Flow 49.32
ANET's Price-to-Free-Cash-Flow is ranked lower than
74% of the 930 Companies
in the Global Computer Systems industry.

( Industry Median: 20.39 vs. ANET: 49.32 )
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: 18.45  Med: 37.22 Max: 79.91
Current: 49.32
18.45
79.91
Price-to-Operating-Cash-Flow 47.00
ANET's Price-to-Operating-Cash-Flow is ranked lower than
82% of the 1350 Companies
in the Global Computer Systems industry.

( Industry Median: 14.25 vs. ANET: 47.00 )
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: 16.72  Med: 34.1 Max: 66.88
Current: 47
16.72
66.88
EV-to-EBIT 71.14
ANET's EV-to-EBIT is ranked lower than
94% of the 1789 Companies
in the Global Computer Systems industry.

( Industry Median: 12.83 vs. ANET: 71.14 )
Ranked among companies with meaningful EV-to-EBIT only.
ANET' s EV-to-EBIT Range Over the Past 10 Years
Min: 20.9  Med: 33.4 Max: 112.8
Current: 71.14
20.9
112.8
EV-to-EBITDA 64.98
ANET's EV-to-EBITDA is ranked lower than
95% of the 1910 Companies
in the Global Computer Systems industry.

( Industry Median: 10.14 vs. ANET: 64.98 )
Ranked among companies with meaningful EV-to-EBITDA only.
ANET' s EV-to-EBITDA Range Over the Past 10 Years
Min: 19.1  Med: 31.4 Max: 101
Current: 64.98
19.1
101
EV-to-Revenue 9.63
ANET's EV-to-Revenue is ranked lower than
94% of the 2307 Companies
in the Global Computer Systems industry.

( Industry Median: 0.99 vs. ANET: 9.63 )
Ranked among companies with meaningful EV-to-Revenue only.
ANET' s EV-to-Revenue Range Over the Past 10 Years
Min: 3.9  Med: 7.4 Max: 12.9
Current: 9.63
3.9
12.9
PEG Ratio 2.56
ANET's PEG Ratio is ranked lower than
66% of the 874 Companies
in the Global Computer Systems industry.

( Industry Median: 1.40 vs. ANET: 2.56 )
Ranked among companies with meaningful PEG Ratio only.
ANET' s PEG Ratio Range Over the Past 10 Years
Min: 1.92  Med: 2.3 Max: 2.96
Current: 2.56
1.92
2.96
Current Ratio 4.48
ANET's Current Ratio is ranked higher than
87% of the 2256 Companies
in the Global Computer Systems industry.

( Industry Median: 1.89 vs. ANET: 4.48 )
Ranked among companies with meaningful Current Ratio only.
ANET' s Current Ratio Range Over the Past 10 Years
Min: 1.36  Med: 4.15 Max: 4.71
Current: 4.48
1.36
4.71
Quick Ratio 4.04
ANET's Quick Ratio is ranked higher than
89% of the 2256 Companies
in the Global Computer Systems industry.

( Industry Median: 1.39 vs. ANET: 4.04 )
Ranked among companies with meaningful Quick Ratio only.
ANET' s Quick Ratio Range Over the Past 10 Years
Min: 1.01  Med: 3.7 Max: 4.15
Current: 4.04
1.01
4.15
Days Inventory 122.04
ANET's Days Inventory is ranked lower than
76% of the 2249 Companies
in the Global Computer Systems industry.

( Industry Median: 77.36 vs. ANET: 122.04 )
Ranked among companies with meaningful Days Inventory only.
ANET' s Days Inventory Range Over the Past 10 Years
Min: 72.05  Med: 145.1 Max: 169.47
Current: 122.04
72.05
169.47
Days Sales Outstanding 56.29
ANET's Days Sales Outstanding is ranked higher than
75% of the 2261 Companies
in the Global Computer Systems industry.

( Industry Median: 79.60 vs. ANET: 56.29 )
Ranked among companies with meaningful Days Sales Outstanding only.
ANET' s Days Sales Outstanding Range Over the Past 10 Years
Min: 54.84  Med: 62.87 Max: 94.18
Current: 56.29
54.84
94.18
Days Payable 43.99
ANET's Days Payable is ranked lower than
71% of the 2219 Companies
in the Global Computer Systems industry.

( Industry Median: 65.83 vs. ANET: 43.99 )
Ranked among companies with meaningful Days Payable only.
ANET' s Days Payable Range Over the Past 10 Years
Min: 32.6  Med: 54.58 Max: 71.42
Current: 43.99
32.6
71.42

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -3.50
ANET's 3-Year Average Share Buyback Ratio is ranked lower than
62% of the 1532 Companies
in the Global Computer Systems industry.

( Industry Median: -3.00 vs. ANET: -3.50 )
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: -6.6  Med: -4 Max: -3.5
Current: -3.5
-6.6
-3.5

Valuation & Return

vs
industry
vs
history
Price-to-Net-Cash 22.18
ANET's Price-to-Net-Cash is ranked lower than
99.99% of the 496 Companies
in the Global Computer Systems industry.

( Industry Median: 8.50 vs. ANET: 22.18 )
Ranked among companies with meaningful Price-to-Net-Cash only.
ANET' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 15.62  Med: 20.53 Max: 27.81
Current: 22.18
15.62
27.81
Price-to-Net-Current-Asset-Value 12.70
ANET's Price-to-Net-Current-Asset-Value is ranked lower than
99.99% of the 1746 Companies
in the Global Computer Systems industry.

( Industry Median: 3.38 vs. ANET: 12.70 )
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: 7.57  Med: 8.95 Max: 12.85
Current: 12.7
7.57
12.85
Price-to-Tangible-Book 11.11
ANET's Price-to-Tangible-Book is ranked lower than
95% of the 2285 Companies
in the Global Computer Systems industry.

( Industry Median: 1.69 vs. ANET: 11.11 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
ANET' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 6.19  Med: 7.17 Max: 11.24
Current: 11.11
6.19
11.24
Price-to-Intrinsic-Value-Projected-FCF 4.45
ANET's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
99.99% of the 1353 Companies
in the Global Computer Systems industry.

( Industry Median: 1.27 vs. ANET: 4.45 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
ANET' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 3.13  Med: 3.13 Max: 4.5
Current: 4.45
3.13
4.5
Price-to-Median-PS-Value 1.37
ANET's Price-to-Median-PS-Value is ranked lower than
99.99% of the 2112 Companies
in the Global Computer Systems industry.

( Industry Median: 0.94 vs. ANET: 1.37 )
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: 0.78  Med: 0.82 Max: 1.4
Current: 1.37
0.78
1.4
Price-to-Peter-Lynch-Fair-Value 3.07
ANET's Price-to-Peter-Lynch-Fair-Value is ranked lower than
99.99% of the 551 Companies
in the Global Computer Systems industry.

( Industry Median: 1.05 vs. ANET: 3.07 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
ANET' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 2.16  Med: 2.16 Max: 3.1
Current: 3.07
2.16
3.1
Price-to-Graham-Number 6.16
ANET's Price-to-Graham-Number is ranked lower than
99.99% of the 1626 Companies
in the Global Computer Systems industry.

( Industry Median: 1.17 vs. ANET: 6.16 )
Ranked among companies with meaningful Price-to-Graham-Number only.
ANET' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 3.26  Med: 3.87 Max: 6.23
Current: 6.16
3.26
6.23
Earnings Yield (Greenblatt) % 1.40
ANET's Earnings Yield (Greenblatt) % is ranked lower than
70% of the 2382 Companies
in the Global Computer Systems industry.

( Industry Median: 5.45 vs. ANET: 1.40 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
ANET' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.9  Med: 3 Max: 4.8
Current: 1.4
0.9
4.8
Forward Rate of Return (Yacktman) % 21.25
ANET's Forward Rate of Return (Yacktman) % is ranked higher than
89% of the 1382 Companies
in the Global Computer Systems industry.

( Industry Median: 7.08 vs. ANET: 21.25 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
ANET' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 21.1  Med: 21.3 Max: 21.9
Current: 21.25
21.1
21.9

More Statistics

Revenue (TTM) (Mil) $2,151.37
EPS (TTM) $ 3.90
Beta1.43
Volatility45.18%
52-Week Range $187.08 - 313.37
Shares Outstanding (Mil)75.73

Analyst Estimate

Dec19 Dec20 Dec21
Revenue (Mil $) 2,634 3,182 3,878
EBIT (Mil $) 918 1,150 1,458
EBITDA (Mil $) 964 1,190 1,485
EPS ($) 8.39 10.01 12.29
EPS without NRI ($) 8.39 10.01 12.29
EPS Growth Rate
(Future 3Y To 5Y Estimate)
16.70%
Dividends per Share ($)

Piotroski F-Score Details

Piotroski F-Score: 55
Positive ROAY
Positive CFROAY
Higher ROA yoyN
CFROA > ROAY
Lower Leverage yoyY
Higher Current Ratio yoyY
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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