Arista Networks, Inc. (ANET) Stock Analysis
Over the past 10 years, Arista Networks (ANET) earnings per share (EPS) grew 38.2% a year, revenue grew 26.8% a year and free cash flow grew 37.2% a year, with an average return on invested capital (ROIC) of 19.6%. ANET stock trades at $176.98, a P/E of 55.1, above its historical average of 46.7. Analysts' average 12-month price target is $226.64 (+28.1%).
Arista Networks, Inc. is a leading global technology firm that designs, promotes, and distributes innovative cloud networking solutions across the Americas, Europe, the Middle East, Africa, and Asia-Pacific regions.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | 30.3% | 30.0% | 35.3% | A+ |
| EPS GrowthEPS | 38.2% | 39.9% | 23.5% | A+ |
| Revenue GrowthRevenue | 26.8% | 31.2% | 32.6% | A+ |
| Cash Flow GrowthCash Flow | 37.2% | 42.7% | 29.7% | A+ |
| ROICROIC | 19.6% | 22.3% | 22.6% | A+ |
Exhibit B Valuation Ledger
- Current EPS
- $3.21
- Historical Avg P/E
- 46.7
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $0.69 | $0.95 | $1.32 | $1.66 | $2.24 | $2.61 | $3.12 | $3.86 | $5.69 | $7.80 | $9.70 | $11.61 | |
| Basic EPSEPS | $0.11 | $0.17 | $0.37 | $0.27 | $0.70 | $0.52 | $0.69 | $1.10 | $1.69 | $2.27 | $2.79 | $3.21 | |
| RevenueRevenue | $837,591,000 | $1,129,167,000 | $1,646,186,000 | $2,151,369,000 | $2,410,706,000 | $2,317,512,000 | $2,948,037,000 | $4,381,310,000 | $5,860,168,000 | $7,003,100,000 | $9,005,700,000 | $10,540,800,000 | |
| Free Cash FlowCash Flow | $180,544,000 | $110,021,000 | $616,348,000 | $479,289,000 | $947,283,000 | $719,730,000 | $951,120,000 | $448,169,000 | $1,999,580,000 | $3,676,203,000 | $4,252,400,000 | $5,155,300,000 | |
| ROIC (%)ROIC | 13.4% | 14.6% | 21.7% | 11.0% | 22.4% | 15.1% | 18.1% | 23.8% | 24.2% | 22.7% | 22.6% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
53 firms rate it — 41 buy, 12 hold · Most recent Sep 2026
ANET Stock FAQ
What is ANET's stock price target?
The average 12-month analyst price target for ANET is $226.64, with a range of $164.00 to $289.00. That is +28.1% from the current price of $176.98.
Do analysts rate ANET a buy?
Most rate it a buy. Of 53 firms covering Arista Networks, the ratings are 41 buy or strong buy, 12 hold and 0 sell or strong sell.
How fast is Arista Networks growing?
Annual growth rates for ANET. EPS: 38.2% over 10 years, 39.9% over 5 years, 23.5% over 1 year. Revenue: 26.8% over 10 years, 31.2% over 5 years, 32.6% over 1 year. Free cash flow: 37.2% over 10 years, 42.7% over 5 years, 29.7% over 1 year. Book value per share: 30.3% over 10 years, 30.0% over 5 years, 35.3% over 1 year.
What is ANET's ROIC?
Arista Networks' return on invested capital (ROIC) was 22.6% in fiscal 2025. Its 10-year average ROIC is 19.6%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is ANET's P/E ratio?
ANET's current P/E ratio is 55.1, compared with a historical average of 46.7. Trailing earnings per share are $3.21.
What is Arista Networks' market cap and stock price?
ANET last traded at $176.98 as of October 19, 2026. Its 52-week range is $114.52 to $217.41. Arista Networks has a market cap of $223.21B.
Exhibit D Related Coverage
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Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.