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In a world where data is increasingly a precious commodity and competitive differentiator, Arista was founded to enable our customers to access all their centers of data in the quickest, most reliable, and secure manner. Over the last two decades, we have emerged as an industry leader, delivering data-driven, client-to-cloud networking-as-a-service.
$154.31
$3.70 (-2.34%)
Price from 7 days ago
Margins and capital returns are both well above average: 42.82% operating margin, ROIC at 27.81%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 28.6%, still solid.
At 53x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
53.0x earnings, 37.2x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$9.71B
▲ +28.6% YoY
Net Income (TTM)
$3.72B
▲ +23.1% YoY
Op. Margin
42.79%
▲ +0.8pp YoY
ROIC
27.20%
▼ -1.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$5.28B
▲ +15.7% YoY
Op. Cash Flow (TTM)
$5.42B
▲ +17.9% YoY
Net Debt
-$12.35B
Net Cash Position
Cash & Equiv.
$12.35B
5Y CAGR: +31.2%
5Y CAGR: +42.7%
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