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Arista Networks (ANET) Stock Dips While Market Gains: Key Facts
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In the latest trading session, Arista Networks (ANET - Free Report) closed at $172.47, marking a -2.51% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.12%. On the other hand, the Dow registered a loss of 0.13%, and the technology-centric Nasdaq increased by 0.2%.
The stock of cloud networking company has risen by 46.49% in the past month, leading the Computer and Technology sector's gain of 16.05% and the S&P 500's gain of 9.3%.
The investment community will be paying close attention to the earnings performance of Arista Networks in its upcoming release. The company is slated to reveal its earnings on May 5, 2026. The company is expected to report EPS of $0.81, up 24.62% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $2.62 billion, showing a 30.58% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.54 per share and a revenue of $11.29 billion, signifying shifts of +18.79% and +25.4%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Arista Networks. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.73% rise in the Zacks Consensus EPS estimate. Arista Networks presently features a Zacks Rank of #2 (Buy).
In the context of valuation, Arista Networks is at present trading with a Forward P/E ratio of 49.95. This denotes a premium relative to the industry average Forward P/E of 18.77.
It's also important to note that ANET currently trades at a PEG ratio of 2.78. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.09.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 86, putting it in the top 36% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Arista Networks (ANET) Stock Dips While Market Gains: Key Facts
In the latest trading session, Arista Networks (ANET - Free Report) closed at $172.47, marking a -2.51% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.12%. On the other hand, the Dow registered a loss of 0.13%, and the technology-centric Nasdaq increased by 0.2%.
The stock of cloud networking company has risen by 46.49% in the past month, leading the Computer and Technology sector's gain of 16.05% and the S&P 500's gain of 9.3%.
The investment community will be paying close attention to the earnings performance of Arista Networks in its upcoming release. The company is slated to reveal its earnings on May 5, 2026. The company is expected to report EPS of $0.81, up 24.62% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $2.62 billion, showing a 30.58% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.54 per share and a revenue of $11.29 billion, signifying shifts of +18.79% and +25.4%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Arista Networks. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.73% rise in the Zacks Consensus EPS estimate. Arista Networks presently features a Zacks Rank of #2 (Buy).
In the context of valuation, Arista Networks is at present trading with a Forward P/E ratio of 49.95. This denotes a premium relative to the industry average Forward P/E of 18.77.
It's also important to note that ANET currently trades at a PEG ratio of 2.78. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.09.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 86, putting it in the top 36% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.