Global AI/tech selloff drags Arista Networks (ANET) down 6.81% on June 23
Arista Networks, Inc. is a leading global technology firm that designs, promotes, and distributes innovative cloud networking solutions across the Americas, Europe, the Middle East, Africa, and Asia-Pacific regions. Its comprehensive product portfolio features advanced extensible operating systems, a collection of powerful network applications, and high-performance gigabit Ethernet switching and routing hardware. The company also offers robust post-contract customer support, which includes technical assistance, hardware repairs, parts replacement beyond standard warranty, and critical bug fixes, patches, and upgrades. Arista serves a diverse clientele, encompassing major internet companies, telecommunication providers, financial services organizations, government agencies, and entities in the media and entertainment sectors. Its sales strategy involves multiple channels, utilizing distributors, system integrators, value-added resellers, original equipment manufacturer partners, and a dedicated direct sales force. Established in 2004 as Arastra, Inc., the company adopted the name Arista Networks, Inc. in October 2008 and is headquartered in Santa Clara, California.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.00B | $5.86B | $4.38B | $2.95B | $2.32B | $2.41B | $2.15B | $1.65B |
| Cost of Revenue | $2.51B | $2.23B | $1.71B | $1.07B | $835.63M | $866.37M | $777.99M | $584.42M |
| Gross Profit | $4.49B | $3.63B | $2.68B | $1.88B | $1.48B | $1.54B | $1.37B | $1.06B |
| Gross Margin | 64.13% | 61.95% | 61.07% | 63.80% | 63.94% | 64.06% | 63.84% | 64.50% |
| Operating Expenses | $1.55B | $1.37B | $1.15B | $956.04M | $782.20M | $738.56M | $1.10B | $591.50M |
| Operating Income | $2.94B | $2.26B | $1.53B | $924.74M | $699.68M | $805.77M | $273.35M | $470.27M |
| Operating Margin | 42.05% | 38.52% | 34.86% | 31.37% | 30.19% | 33.42% | 12.71% | 28.57% |
| Net Income | $2.85B | $2.09B | $1.35B | $840.85M | $634.56M | $859.87M | $328.12M | $423.20M |
| Net Margin | 40.73% | 35.62% | 30.87% | 28.52% | 27.38% | 35.67% | 15.25% | 25.71% |
| EPS (Basic) | $2.27 | $1.69 | $1.10 | $0.69 | $0.52 | $0.70 | $0.27 | $0.37 |
| EBITDA | $3.01B | $2.33B | $1.59B | $975.07M | $734.84M | $838.62M | $319.17M | $498.18M |
| Stock Option Compensation Expense | $355.36M | $296.76M | $230.93M | $186.88M | $137.04M | $101.28M | $91.20M | $75.43M |
| Price To Earnings Ratio | 48.69 | 34.91 | 27.50 | 52.40 | 34.79 | 18.05 | 48.01 | 40.21 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $138.86B | $72.86B | $37.19B | $44.06B | $22.08B | $15.52B | $15.75B | $17.02B |