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Arista Networks, Inc. (ANET) stock

ANETNYSEComputer Communications EquipmentFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 16/3050% above fair value
$206.63+9.95 (+5.06%)

Close on Nov 12, 2026Market cap $260.61BP/E 55.5Yield –

Arista Networks, Inc. grew revenue 40.7% to $11.89B over the twelve months to Sep 30, 2026. Operating income rose 43.8% to $5.21B, moving the operating margin from 42.9% to 43.8%. Free cash flow was $5.02B, up 24.0% from a year earlier. At the latest close the market valued the company at $260.61B, 55.5 times its earnings.

Revenue
$11.89B
+40.7% vs. a year earlier
Operating income
$5.21B
+43.8% vs. a year earlier
Free cash flow
$5.02B
+24.0% vs. a year earlier
EPS, diluted
$3.72
+41.4% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$260.61B
P/E ratio
55.5
Price to sales
21.92
Price to book
15.85
Dividend yield
–
Free cash flow yield
1.93%

Fundamentals

Revenue
$11.89B
Net income
$4.75B
EPS, diluted
$3.72
Free cash flow
$5.02B
Book value per share
$12.87
Diluted shares
1.28B

Trading

Next earnings
Feb 11, 2027 (estimated, after the close)
Previous close
$196.68
Open
$193.15
Day's range
$190.82 – $207.17
Volume
9,788,194
Average volume (20 days)
8,550,383
Index membership
S&P 500, Russell 1000, Russell 3000
Beta (5 years)
1.67
52-week range
$114.52 – $217.41
RSI (14 days)
60.4
Volatility (1 year)
56.9%
Relative volume
1.45×
WACC
13.2%

On 4 of our idea lists: Quality compounders, CANSLIM, Breakout quarter, Mega-cap growers

Index membership is inferred from the holdings of funds that track each index (VOO, IVV, SPYM, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2014, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodANETS&P 500DifferenceANET per yearS&P 500 per year
1 month-2.0%-2.7%+0.7 pts
3 months-1.8%-1.7%−0.1 pts
Year to date+57.7%+11.9%+45.8 pts
1 year+53.1%+12.0%+41.1 pts
3 years+299.6%+78.2%+221.4 pts+58.7%+21.2%
5 years+528.8%+73.2%+455.5 pts+44.4%+11.6%
10 years+3737.6%+309.6%+3427.9 pts+44.0%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$11.89B+40.7% YoY

Gross profit

$7.48B+37.5% YoY

Operating income

$5.21B+43.8% YoY

Net income

$4.75B+41.6% YoY

EPS, diluted

$3.72+41.4% YoY

Free cash flow

$5.02B+24.0% YoY
Reported periodTrailing twelve months

Press releases

Releases Arista Networks filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Arista Networks

Computer Communications Equipment

Arista Networks provides data-driven, client-to-cloud networking solutions that interconnect artificial intelligence clusters, data centers, enterprise campuses, and wide area networks. The company's portfolio spans high-speed Ethernet switching platforms, routing systems, wireless access points, and software-defined wide area networking technologies. These hardware systems are anchored by the Extensible Operating System and the Network Data Lake, complemented by the CloudVision operations platform, network observability tools, and zero-trust cybersecurity offerings. Arista serves cloud and AI titans, specialty cloud providers, enterprises across multiple industries, and government institutions.

Company profile, executives and history

Arista Networks stock: common questions

What is Arista Networks's stock price?

ANET closed at $206.63 on Nov 12, 2026, up 5.06% on the day. Over the past 52 weeks it traded between $114.52 and $217.41.

What is Arista Networks's market cap?

Arista Networks was worth $260.61B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is ANET's P/E ratio?

ANET trades at 55.5 times earnings, based on diluted earnings per share of $3.72 over the twelve months to Sep 30, 2026.

How much revenue does Arista Networks make?

Arista Networks reported revenue of $11.89B for the twelve months to Sep 30, 2026, up 40.7% from a year earlier.

Does Arista Networks pay a dividend?

No. Arista Networks has not paid a cash dividend over the last twelve months.

When does Arista Networks report earnings next?

Arista Networks is expected to report Q4 FY2026 results on Feb 11, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has ANET stock performed over the past year?

Including dividends, ANET returned +53.1% over the past year, against +12.0% for the S&P 500.

How many ANET shares are sold short?

12M shares were sold short at the latest FINRA report, 1.14% of the float, or 1.9 days of average trading volume.

Who are Arista Networks's competitors?

Companies most similar to Arista Networks by business, industry and size include FTNT, FFIV, EXTR, NTAP, PANW.

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