ANET

Arista Networks, Inc. (ANET)

Arista Networks, Inc., founded in 2004, is a leading provider of cloud networking solutions for large data center and high-performance computing environments. Headquartered in Santa Clara, California, Arista specializes in delivering software-driven, cognitive cloud networking solutions, including platforms such as the Arista EOS (Extensible Operating System) and a range of 10 to 400 gigabit Ethernet switches. The company's products are designed to address the scalability, agility, and performance demands of modern cloud data centers and enterprise networks.

Recent Stock Performance

As of February 19, 2025, Arista Networks' stock (NYSE: ANET) is trading at $103.91, reflecting a decrease of $7.15 (6.44%) from the previous close. The stock experienced an intraday high of $107.76 and a low of $101.65, with a trading volume of 12,329,780 shares.

In the fourth quarter of 2024, Arista reported revenue of $1.93 billion, a 7% increase year-over-year, surpassing analyst expectations. Adjusted earnings were $0.65 per share, exceeding projections. Despite these positive results, the stock declined due to concerns over a reduced sales contribution from major customer Meta Platforms, whose share of Arista's sales dropped to 15% from 21% the previous year. Conversely, sales to Microsoft increased to 20% from 18%. For the first quarter of 2025, Arista anticipates revenue between $1.93 billion and $1.97 billion, indicating continued growth driven by demand for AI and cloud networking solutions.