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Arista Networks (ANET) Registers a Bigger Fall Than the Market: Important Facts to Note
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Arista Networks (ANET - Free Report) closed the most recent trading day at $211.51, moving -1.79% from the previous trading session. This change lagged the S&P 500's daily loss of 0.22%. Meanwhile, the Dow experienced a drop of 0.66%, and the technology-dominated Nasdaq saw a decrease of 0.22%.
Shares of the cloud networking company witnessed a gain of 10.46% over the previous month, beating the performance of the Computer and Technology sector with its gain of 6.54%, and the S&P 500's gain of 1.4%.
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 November 3, 2026. The company's upcoming EPS is projected at $1.08, signifying a 44.00% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.31 billion, indicating a 43.51% increase compared to the same quarter of the previous year.
ANET's full-year Zacks Consensus Estimates are calling for earnings of $4.08 per share and revenue of $12.63 billion. These results would represent year-over-year changes of +36.91% and +40.3%, respectively.
Any recent changes to analyst estimates for Arista Networks should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Arista Networks boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Arista Networks is holding a Forward P/E ratio of 52.8. This expresses a premium compared to the average Forward P/E of 20.09 of its industry.
It is also worth noting that ANET currently has a PEG ratio of 2.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.18.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 104, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Arista Networks (ANET) Registers a Bigger Fall Than the Market: Important Facts to Note
Arista Networks (ANET - Free Report) closed the most recent trading day at $211.51, moving -1.79% from the previous trading session. This change lagged the S&P 500's daily loss of 0.22%. Meanwhile, the Dow experienced a drop of 0.66%, and the technology-dominated Nasdaq saw a decrease of 0.22%.
Shares of the cloud networking company witnessed a gain of 10.46% over the previous month, beating the performance of the Computer and Technology sector with its gain of 6.54%, and the S&P 500's gain of 1.4%.
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 November 3, 2026. The company's upcoming EPS is projected at $1.08, signifying a 44.00% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.31 billion, indicating a 43.51% increase compared to the same quarter of the previous year.
ANET's full-year Zacks Consensus Estimates are calling for earnings of $4.08 per share and revenue of $12.63 billion. These results would represent year-over-year changes of +36.91% and +40.3%, respectively.
Any recent changes to analyst estimates for Arista Networks should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Arista Networks boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Arista Networks is holding a Forward P/E ratio of 52.8. This expresses a premium compared to the average Forward P/E of 20.09 of its industry.
It is also worth noting that ANET currently has a PEG ratio of 2.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.18.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 104, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.