Arista Networks Inc
ANET
Market Cap$98.43B
Close$
Earnings Call Q2 2024
July 30, 2024 - AI Summary
Arista Networks reported strong financial results for the second quarter of 2024, with revenues of $1.69 billion and non-GAAP earnings per share of $2.10.
Services and Software Support renewals contributed strongly at approximately 17.6% of revenue.
The company launched its Etherlink AI platforms, a portfolio of 800-gig products that support the migration from InfiniBand to Ethernet.
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$315.10
8.1% downside
Current Fair Value
8.1% downsideOvervalued by 8.1% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $98.43 Billion |
|---|---|
| Enterprise Value | $97.50 Billion |
| Dividend Yield | $0.0 (0.0%) |
| Earnings per Share | $7.19 |
| Beta | 1.84 |
| Outstanding Shares | 313,363,097 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 43.01 |
|---|---|
| PEG | 121.91 |
| Price to Sales | 17.15 |
| Price to Book Ratio | 13.19 |
| Enterprise Value to Revenue | 15.45 |
| Enterprise Value to EBIT | 37.47 |
| Enterprise Value to Net Income | 39 |
| Total Debt to Enterprise | 0.02 |
| Debt to Equity | 0.18 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Arista Networks Inc
2,300 employees
CEO: Jayshree Ullal Arista Networks is an industry leader in software-driven cloud networking solutions for large data center and campus environments. Arista's award-winning platforms deliver availability, agility, automation analytics and security through ...