---
title: Arista Networks (ANET) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/anet
ticker: ANET
as_of: 2026-10-17
sector: Technology
industry: Computer Hardware
---
# Arista Networks (ANET)

Arista Networks (ANET) closed at $176.98 on Oct 16, 2026, overvalued by 73% vs its model value of $102.25 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $176.98 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $102.25 |
| Price vs model | overvalued by 73% vs model |
| Range of that model | $71.34 – $180.85 |
| Market value | $223.2B |
| P/E (fiscal 2025) | 64.4 |
| Net margin (fiscal 2025) | 39.0% |
| Free cash flow (fiscal 2025) | $4.3B |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 1.60 |
| Cost of capital (WACC) | 10.91% |
| Business classification | High Growth (High revenue growth (~24% recent), High profitability (39% net margin), Moderately volatile earnings) |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $102.25 | $71.34 | $180.85 |
| DCF · Perpetuity growth · 10y | cross check | $150.07 | $103.78 | $267.14 |
| DCF · EBITDA exit · 5y | cross check | $102.31 | $68.76 | $141.81 |
| DCF · EBITDA exit · 10y | cross check | $150.13 | $100.98 | $215.81 |
| P/E · peers | cross check | $87.62 | $84.54 | $119.35 |
| P/E · own history | cross check | $164.86 | $141.36 | $195.81 |
| PEG | sanity check | $102.81 | $102.81 | $102.81 |
| EV/EBITDA · peers | cross check | $88.83 | $74.45 | $100.14 |
| EV/Revenue · peers | cross check | $35.49 | $22.29 | $50.23 |
| Earnings power value | cross check | $17.77 | $15.81 | $20.36 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 39 open-market sales ($175.5M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 8, 2026 | Ullal Jayshree | CEO and Chairperson | Open-market sell (10b5-1 plan) | 19,990 | $4.3M |
| Oct 9, 2026 | Ullal Jayshree | CEO and Chairperson | Open-market sell (10b5-1 plan) | 18,656 | $4.1M |
| Oct 8, 2026 | Ullal Jayshree | CEO and Chairperson | Open-market sell (10b5-1 plan) | 4,000 | $868,193.2 |
| Oct 9, 2026 | Ullal Jayshree | CEO and Chairperson | Open-market sell (10b5-1 plan) | 93,241 | $20.2M |
| Oct 9, 2026 | Ullal Jayshree | CEO and Chairperson | Open-market sell (10b5-1 plan) | 18,656 | $4.1M |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 5, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1596532/000159653226000175/anet-20260630.htm |
| Aug 4, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1596532/000159653226000174/anet-20260804.htm |
| Jun 2, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1596532/000159653226000118/anet-20260529.htm |
| May 6, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1596532/000159653226000078/anet-20260331.htm |
| May 5, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1596532/000159653226000074/anet-20260505.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Francois Rochon | 2026-06-30 | 339,892 | $57.7M |
| Bridgewater | 2026-06-30 | 254,275 | $43.2M |
| Lee Ainslie | 2026-06-30 | 6,785 | $1.2M |

3 tracked managers in all.

## About

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 distri…

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Source: https://sweetvaluelab.com/stocks/anet (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.