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Arista Networks

Technology US ANET

404.97USD
23.26(6.09%)

Last update at 2024-11-21T21:10:00Z

Day Range

391.03405.34
LowHigh

52 Week Range

107.57240.68
LowHigh

Fundamentals

  • Previous Close 381.71
  • Market Cap73833.80M
  • Volume3282578
  • P/E Ratio39.49
  • Dividend Yield-%
  • EBITDA2160.02M
  • Revenue TTM5595.28M
  • Revenue Per Share TTM18.17
  • Gross Profit TTM 2675.70M
  • Diluted EPS TTM6.01

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 1581.80M 930.88M 738.86M 862.27M 288.80M
Minority interest - - - - -
Net income 1352.45M 840.85M 634.56M 859.87M 328.12M
Selling general administrative 93.24M 83.12M 66.24M 61.90M 65.42M
Selling and marketing expenses 326.95M 286.17M 229.37M 213.91M 187.14M
Gross profit 2675.70M 1880.78M 1481.89M 1544.34M 1373.38M
Reconciled depreciation 62.70M 50.33M 44.59M 32.85M 27.67M
Ebit 1527.11M 924.74M 699.68M 805.77M 696.50M
Ebitda 1589.81M 975.07M 744.27M 838.62M 724.17M
Depreciation and amortization 62.70M 50.33M 44.59M 32.85M 27.67M
Non operating income net other 54.69M 6.14M 39.18M 56.50M 18.16M
Operating income 1527.11M 924.74M 699.68M 805.77M 273.35M
Other operating expenses 2854.20M 2023.30M 1617.83M 1604.93M 1473.02M
Interest expense -54.69000M 6.14M 39.18M 56.50M 2.70M
Tax provision 229.35M 90.03M 104.31M 2.40M -39.31400M
Interest income 27.56M 7.21M 27.14M 51.14M 31.67M
Net interest income 27.56M 7.21M 27.14M 51.14M 28.96M
Extraordinary items - - - - -6.10000M
Non recurring - - - - 405.00M
Other items - - - - -
Income tax expense 229.35M 90.03M 104.31M 2.40M -39.31400M
Total revenue 4381.31M 2948.04M 2317.51M 2410.71M 2151.37M
Total operating expenses 1148.59M 956.04M 782.20M 738.56M 695.03M
Cost of revenue 1705.61M 1067.26M 835.63M 866.37M 777.99M
Total other income expense net 54.69M 6.14M 39.18M 56.50M -386.84500M
Discontinued operations - - - - -
Net income from continuing ops 1352.45M 840.85M 634.56M 859.87M 328.12M
Net income applicable to common shares 1352.45M 840.85M 634.56M 859.44M 327.93M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 6775.41M 5734.43M 4738.92M 4185.29M 3081.98M
Intangible assets 122.20M 93.56M 122.79M 45.23M 58.61M
Earning assets - - - - -
Other current assets 314.22M 163.92M 60.56M 64.46M 95.73M
Total liab 1889.59M 1755.83M 1418.63M 1290.60M 938.59M
Total stockholder equity 4885.82M 3978.60M 3320.29M 2894.69M 2143.39M
Deferred long term liab 0.04M 129.07M 227.94M 254.71M -
Other current liab 423.53M 86.97M 94.39M 52.05M 153.32M
Common stock 0.03M 0.03M 0.00800M 0.00800M 0.00800M
Capital stock 0.03M 0.03M 0.00800M 0.00800M 0.00800M
Retained earnings 3138.98M 2456.82M 2027.61M 1788.23M 1190.80M
Other liab 552.10M 589.47M 577.99M 610.51M 296.66M
Good will 265.92M 188.40M 189.70M 54.85M 53.68M
Other assets 648.67M 475.74M 471.60M 482.37M 149.20M
Cash 671.71M 620.81M 893.22M 1111.29M 649.95M
Cash and equivalents - - - - -
Total current liabilities 1293.53M 1109.83M 768.24M 597.07M 606.50M
Current deferred revenue 637.43M 593.58M 396.26M 312.67M 358.59M
Net debt -627.74300M -564.28600M -820.82200M -1028.26400M -614.51900M
Short term debt - 226.64M 143.36M 140.25M 0.84M
Short long term debt - - - - -
Short long term debt total 43.96M 56.53M 72.40M 83.02M 35.43M
Other stockholder equity 1780.71M 1530.05M 1292.43M 1106.31M 956.57M
Property plant equipment 95.01M 143.82M 32.23M 127.04M 75.36M
Total current assets 5550.75M 4812.68M 3837.00M 3471.64M 2714.80M
Long term investments 39.47M 20.25M 8.31M 4.15M 30.34M
Net tangible assets 4763.61M 3696.65M 3197.50M 2794.60M 2031.10M
Short term investments 2352.02M 2787.50M 1979.65M 1613.08M 1306.20M
Net receivables 923.10M 516.51M 389.54M 391.99M 331.78M
Long term debt - - - - -
Inventory 1289.71M 650.12M 479.67M 243.82M 264.56M
Accounts payable 232.57M 202.64M 134.24M 92.11M 93.76M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -33.90800M -8.30000M 0.24M 0.14M -3.99400M
Additional paid in capital - - - - -
Common stock total equity 0.03M 0.03M 0.00800M 0.00800M 0.00800M
Preferred stock total equity - - - - -
Retained earnings total equity 3138.98M 2456.82M 2027.61M 1788.23M 1190.80M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 73.75M 33.44M 30.07M 30.35M 22.70M
Deferred long term asset charges - - - - -
Non current assets total 1224.66M 921.75M 901.92M 713.65M 367.18M
Capital lease obligations 43.96M 56.53M 72.40M 83.02M 35.43M
Long term debt total - - - - 35.43M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 216.33M -862.12500M -369.39700M -295.17600M -632.46200M
Change to liabilities 146.17M 345.17M 69.80M 45.87M 41.89M
Total cashflows from investing activities 216.33M -925.56200M -608.80200M -284.07200M -755.11300M
Net borrowings - - - - -1.92900M
Total cash from financing activities -654.60100M -360.88200M -346.33900M -217.96400M 42.85M
Change to operating activities -46.76100M -60.84700M 38.64M 70.43M 20.69M
Net income 1352.45M 840.85M 634.56M 859.87M 328.12M
Change in cash 50.93M -272.40400M -218.06100M 461.35M -210.53300M
Begin period cash flow 625.05M 897.45M 1115.52M 654.16M 864.70M
End period cash flow 675.98M 625.05M 897.45M 1115.52M 654.16M
Total cash from operating activities 492.81M 1015.86M 735.11M 963.03M 503.12M
Issuance of capital stock - - - - -
Depreciation 62.70M 50.33M 44.59M 32.85M 27.67M
Other cashflows from investing activities -157.77800M 1.30M -224.02100M 26.86M -98.82100M
Dividends paid - - - - -
Change to inventory -638.94800M -170.44900M -235.31800M 20.93M 51.05M
Change to account receivables -401.53100M -126.96900M 10.67M -60.21000M -77.91600M
Sale purchase of stock -670.28700M -411.64500M -395.17300M -266.14200M 53.66M
Other cashflows from financing activities -32.72500M -16.48200M -8.72200M -9.20000M -8.87800M
Change to netincome -40.92700M 131.54M 114.30M 20.11M 47.11M
Capital expenditures 44.64M 64.74M 15.38M 15.75M 23.83M
Change receivables -401.53100M -126.96900M 10.67M -60.21000M -77.91600M
Cash flows other operating 0.14M 156.56M 86.13M 50.39M 88.56M
Exchange rate changes - - - - -
Cash and cash equivalents changes 54.54M -270.58800M -220.02700M 461.00M -209.14300M
Change in working capital -912.82100M -6.87600M -85.68600M 40.80M 103.59M
Stock based compensation 230.93M 186.88M 137.04M 101.28M 91.20M
Other non cash items 3.94M 43.96M 13.76M 3.98M 10.44M
Free cash flow 448.17M 951.12M 719.73M 947.28M 479.29M

Peer Comparison

Sector: Technology Industry: Computer Hardware

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
ANET
Arista Networks
23.26 6.09% 404.97 39.49 31.45 13.08 11.15 12.18 31.54
DELL
Dell Technologies Inc
4.83 3.60% 138.78 20.97 10.53 0.58 4.39 0.78 8.46
SMCI
Super Micro Computer Inc
3.90 15.12% 29.70 49.25 28.90 5.69 17.11 5.65 57.68
HPQ
HP Inc
0.88 2.40% 37.56 9.33 8.67 0.56 - 0.70 7.42
CAJPY
Canon Inc.
0.32 1.00% 32.37 13.80 11.29 0.0062 1.10 0.0064 0.04

Reports Covered

Stock Research & News

Profile

Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.

Arista Networks

5453 Great America Parkway, Santa Clara, CA, United States, 95054

Key Executives

Name Title Year Born
Dr. Andreas B. Bechtolsheim Ph.D. Co-Founder, Chairman & Chief Devel. Officer 1955
Ms. Jayshree V. Ullal Pres, CEO & Director 1961
Mr. Kenneth Duda Co-Founder, CTO & Sr. VP of Software Engineering 1972
Ms. Ita M. Brennan CFO & Sr. VP 1967
Mr. Anshul Sadana Chief Operating Officer 1977
Mr. Marc Taxay Sr. VP & Gen. Counsel 1969
Mr. Venkatesh R. Nathamuni Head of Corp. Fin., M&A and IR NA
Liz Stine Director of Investor Relations Advocacy NA
Mr. Mark Foss Sr. VP of Global Operations & Marketing NA
Mr. Ciarán Kennedy Chief Sales Officer NA

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