ANET
Arista Networks, Inc.Evidence as of 2026-09-02Overview · Arista Networks, Inc.
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 re…
Management team
- Ms. Isabelle Bertin-Bailly · Group Vice President of Worldwide Human Resources & OperationsFind on LinkedIn
- Mr. Christopher Schmidt · Senior Vice President of World Wide SalesFind on LinkedIn
- Ms. Jayshree V. Ullal · CEO & ChairpersonFind on LinkedIn
- Mr. Kenneth Duda · CTO,Co-Founder, & Senior VP of Software Engineering and DirectorFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
−0.0 on a −2 to +2 scale — was +0.0 before the debate changed the read.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
Mixed. Reported revenue rose each reported quarter from $ 2,004,800,000 in the fiscal quarter ended 2025-05-01 (Q1 2025) to $ 3,035,700,000 in the fiscal quarter ended 2026-07-30 (Q2 2026), with quarter-over-quarter moves of about +9.98%, +4.69%, +17.35% and +12.06%. Gross profit climbed from $ 1,276,100,000 to $ 1,910,300,000 while gross margin modestly compressed from about 63.7% to about 62.9%, and operating income rose from $ 858,800,000 to $ 1,378,000,000 producing operating margins near 42.9% then 45.4%.
Market signals are mixed: price sits above the 50‑ and 200‑day simple moving averages (+4.4% and +25.3%), a golden cross is present, momentum is strong at +51.9% over six months (94th percentile) and +50.0% over 12 months (83rd percentile), but trailing 90‑day annualized volatility is high at +60.5% and three‑year maximum drawdown is −50.4%. Valuation metrics are elevated: P/E ≈ 60.66, EV/EBITDA ≈ 51.69, price‑to‑FCF ≈ 77.26, and implied unlevered FCF growth is 45.81% under the stated model. The company reported $ 2,290,200,000 in cash and zero long‑term debt as of 2026-06-30.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Reported revenue increased each reported quarter from $2,004,800,000 in the quarter ended 31 March 2025 to $3,035,700,000 in the quarter ended 30 June 2026; quarter-over-quarter changes were about +9.98% (Q1 2025 → Q2 2025), +4.69% (Q2 2025 → Q3 2025), +17.35% (Q3 2025 → Q1 2026) and +12.06% (Q1 2026 → Q2 2026).
XBRL companyfacts · 0001596532-25-000106Gross profit moved from $1,276,100,000 in the quarter ended 31 March 2025 to $1,910,300,000 in the quarter ended 30 June 2026, while gross margin compressed from about 63.7% (1,276,100,000 / 2,004,800,000) in the quarter ended 31 March 2025 to about 62.9% (1,910,300,000 / 3,035,700,000) in the quarter ended 30 June 2026.
XBRL companyfacts · 0001596532-25-000106Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
A Form 4 for Arista Networks was filed on 2026-08-31.
4 filed 2026-08-31A Form 4 for Arista Networks was filed on 2026-08-27.
4 filed 2026-08-27Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
Three-month momentum is +7.9% and six-month momentum is +51.9%, with the six-month momentum ranked in the 94th percentile of the 547-stock research universe as of 2026-09-01.
Moneyta signal set · 2026-09-01weakened in debateTwelve-month momentum (12_1) is +50.0% and its cross-sectional rank is the 83th percentile of 547 as of 2026-09-01.
Moneyta signal set · 2026-09-01weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02T13:45:47.228469+00:00, the ETF IVV held ANET at 0.27% weight of the fund.
ETF constituents · market dataFifteen Form 4 filings for ANET are recorded in the evidence with filed dates between 14 August 2026 and 31 August 2026.
Form 4 × 15 (90d window not enforced here)Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
A Form 13F filing reported by thelincolnianonline.com on 2026-09-02 states Northwestern Mutual Wealth Management Co. owned $88.87 million of Arista Networks and cut that stake by 3.3% in the second quarter.
News · thelincolnianonline.com · 2026-09-02A gurufocus.com headline on 2026-09-01 noted Arista Networks stock was down 3.3% and characterized the shares as overvalued with a GF Score of 98/100.
News · gurufocus.com · 2026-09-01Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
BECHTOLSHEIM ANDREAS sold a total of 300,000 shares for aggregate proceeds of $60.8M on 27 August 2026 under a stated 10b5-1 plan.
Form 4 · BECHTOLSHEIM ANDREAS (10% owner) · $3.0M sold · 2026-08-27Ullal Jayshree (CEO and Chairperson) reported sales totaling 13,809 shares for aggregate proceeds of $2,604,000 on 25 August 2026 under a stated 10b5-1 plan.
Form 4 · Ullal Jayshree (CEO and Chairperson) · $627k sold · 2026-08-25Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
Today's price implies an unlevered free cash flow growth rate of 45.81% (implied_growth = 0.4581) under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve‑month free cash flow is $3,125,552,000 and free cash flow per share is $2.4495, with price-to-FCF equal to 77.26.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-specific fundamentals and market signals in the evidence together support a favorable read: revenue showed consistent quarter-to-quarter increases (fundamentals-0) while operating income and operating margin expanded (fundamentals-2), indicating improving operating leverage even as gross margin was only slightly compressed (fundamentals-1). Balance-sheet strength is visible through materially higher total assets and equity (fundamentals-5) plus a large cash balance and no reported long‑term debt in the dataset (valuation-4), and share count remained essentially stable (fundamentals-3/fundamentals-4) which supports per‑share metric stability. Market momentum and price-positioning are positive (market-0, market-1, market-4) and multiple sell-side buy ratings in the consensus provide additional supportive context. Against bear points such as elevated multiples and insider sales, the firm-level evidence on improving margins, growing assets/equity and a strong cash position weakens arguments that company performance is broadly deteriorating.
Chair's verdict, claim by claim
Fragility · computed, not argued
diversified0.26
36 surviving claims rest on 21 distinct sources; the heaviest analyst carries 17% of them, and 97% of what the desk raised survived the debate.
Twenty-one distinct sources support 36 surviving claims, so the read is moderately diversified but not robustly so — a handful of sources and one heavy analyst still carry outsized influence. Because 97% of raised points survived internal debate, the desk’s view is internally consistent; however the relatively concentrated source / analyst weight means single new filings or corrected parses could materially change confidence in some claims.
Peer context · computed, not argued
12-1 momentum ranks 2nd of 4 in Computer Hardware (as of 2026-09-01).
90-day volatility ranks 4th of 4 in Computer Hardware (as of 2026-09-01).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
14 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.3 to the score
10 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.1 to the score
2 holdings records
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.3 to the score
7 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
8 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot−0.6 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on ANET Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.