Added to YB: 2024-05-27
Pitch date: 2024-05-24
ANET [bullish]
Arista Networks, Inc.
+61.4%
current return
Author Info
Company Info
Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for AI, data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
Market Cap
$166.7B
Pitch Price
$78.00
Price Target
320.10 (+157%)
Dividend
N/A
EV/EBITDA
42.65
P/E
50.33
EV/Sales
18.53
Sector
Communications Equipment
Category
growth
Arista Networks, Inc. - $ANET
ANET: Robust financials in Q1 '24 - $1.57B rev (+16% YoY), $637.7M net income. Guides Q2 rev $1.62-1.65B, 64% gross margin, 44% op margin. $1.2B buyback shows confidence. 11% Ethernet switch share, 35% data center rev growth. Opportunities in AI & cloud despite supply chain & competition risks. Historically high P/E but estimates rising. $320 PT based on 40x P/E. Innovative offerings position for future growth in evolving AI-driven market.
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