Arista Networks (ANET) Fair Value & Analysis
Technology · US · Market cap $212B · ISIN US0404132054
What is Arista Networks really worth?
Arista Networks
ANET · US
A solid business, but trading 232% above our fair value of $57.72.
Strengths
Risks
Fair value as of: Aug 29, 2026
From 24 valuation models · updated 6 days ago
Share price +0.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case ($71.76). The favourable scenario is already priced in.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range $21.48 – $210.50 · fair‑value band $43.68 – $71.76 · the $191.44 price screens above the $57.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Analysis
Arista Networks (ANET) currently trades at $191.44, while our model-based Fair Value estimate is $57.72, implying the stock looks roughly 231.7% overvalued today. The Quality Score stands at 74/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of $113.07 per share, and 0 of the 24 models we run sit above the $191.44 price. Bear case: the Asset-Based group reads lowest at $6.58, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Arista Networks generated revenue of $9.7B at a net margin of 38.3%. Revenue grew 35.1% year over year. It earns a return on equity of 31.5%. The balance sheet holds a net cash position of $2.0B. Fundamentals as of Aug 29, 2026
Our scenario range runs from $43.68 (bear case) to $71.76 (bull case); at $191.44, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 124% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −40% fair-value upside, at −70%, ANET screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $1.97 per share, which is 3.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Growth Earnings ($113.07) versus Asset-Based ($6.58). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 73 · Market factors (momentum, volatility) 62
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center, cloud and AI networking, cognitive adjacencies, and cognitive network software and services. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, cloud service providers, financial services organizations, government agencies, media and entertainment, healthcare, oil and gas, education, manufacturing, industrial, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. Arista Networks, Inc. was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. The company was incorporated in 2004 and is headquartered in Santa Clara, California.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Arista Networks reported revenue of $9.0B in FY2025 versus $2.9B in FY2021, a compound +32.2%/yr. Reported net income was $3.5B in FY2025, compounding +43.0%/yr from FY2021.
of which total revenue +27.0 % · buybacks/dilution −2.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
ANET screens 232% overvalued. Compare with Dell Technologies Inc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- ANET Rises 37.3% in Six Months: Is There More Room to Grow?
- Should Arista’s Q2 AI Networking Beat and Upbeat Q3 Outlook Require Action From Arista Networks (ANET) Investors?
- Arista Networks Offers Entry After 42% Gain Amid Earnings Beat; Data Center Demand Surging
- Ciena Tumbles 10% as In-Line Guidance Overshadows Earnings Beat, Arista Edges Higher
Peer Group
Computer Hardware · 222 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Computer Hardware median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Dell Technologies Inc DELL | $456.24 | $187.75 | −59% |
| Western Digital Corporation WDC | $441.57 | $47.49 | −89% |
| Hygon Information Technology Co 688041 | ¥246.21 | ¥30.66 | −88% |
| Hangzhou Hikvision Digital Technology Co 002415 | ¥35.18 | ¥40.44 | +15% |
| Shenzhen Longsys Electronics Co 301308 | ¥376.88 | ¥91.67 | −76% |
| Lenovo Group 0992 | HK$30.12 | HK$33.70 | +12% |
| Dawning Information Industry Co 603019 | ¥83.19 | ¥39.38 | −53% |
| HP Inc HPQ | $30.52 | $48.62 | +59% |
| Inspur Electronic Information Industry Co 000977 | ¥73.79 | ¥44.02 | −40% |
| Super Micro Computer, Inc SMCI | $38.46 | $37.09 | −4% |
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