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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 $204.24, moving -3.15% from the previous trading session. This move lagged the S&P 500's daily loss of 0.02%. Elsewhere, the Dow saw a downswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.15%.
Shares of the cloud networking company have appreciated by 12.28% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.58%, and the S&P 500's gain of 2.05%.
Investors will be eagerly watching for the performance of Arista Networks in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 3, 2026. The company is predicted to post an EPS of $1.08, indicating a 44% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $3.31 billion, up 43.51% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.12 per share and a revenue of $12.63 billion, signifying shifts of +38.26% and +40.3%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Arista Networks. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 last 30 days, the Zacks Consensus EPS estimate has moved 0.02% higher. Right now, Arista Networks possesses a Zacks Rank of #2 (Buy).
In terms of valuation, Arista Networks is currently trading at a Forward P/E ratio of 51.24. This signifies a premium in comparison to the average Forward P/E of 20.7 for its industry.
It is also worth noting that ANET currently has a PEG ratio of 2.25. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software was holding an average PEG ratio of 1.19 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 79, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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 $204.24, moving -3.15% from the previous trading session. This move lagged the S&P 500's daily loss of 0.02%. Elsewhere, the Dow saw a downswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.15%.
Shares of the cloud networking company have appreciated by 12.28% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.58%, and the S&P 500's gain of 2.05%.
Investors will be eagerly watching for the performance of Arista Networks in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 3, 2026. The company is predicted to post an EPS of $1.08, indicating a 44% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $3.31 billion, up 43.51% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.12 per share and a revenue of $12.63 billion, signifying shifts of +38.26% and +40.3%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Arista Networks. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 last 30 days, the Zacks Consensus EPS estimate has moved 0.02% higher. Right now, Arista Networks possesses a Zacks Rank of #2 (Buy).
In terms of valuation, Arista Networks is currently trading at a Forward P/E ratio of 51.24. This signifies a premium in comparison to the average Forward P/E of 20.7 for its industry.
It is also worth noting that ANET currently has a PEG ratio of 2.25. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software was holding an average PEG ratio of 1.19 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 79, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.