Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.
The chart shows the growth of an initial investment of $10,000 in Arista Networks, comparing it to the performance of the S&P 500 index. All prices have been adjusted for splits and dividends.
Returns By Period
Arista Networks (ANET) has returned -5.50% so far this year and 87.62% over the past 12 months. Looking at the last ten years, ANET has achieved an annualized return of 41.68%, outperforming the Benchmark (SPY), which averaged 12.23% per year.
ANET
1M-0.93%
6M-16.44%
YTD-5.50%
1Y87.62%
5Y45.46%
10Y41.68%
Benchmark (SPY)
1M-3.79%
6M-2.35%
YTD-4.36%
1Y25.24%
5Y10.20%
10Y12.23%
Monthly Returns
The table below presents the monthly returns of Arista Networks (ANET) with color gradation from worst to best to easily spot seasonal factors.
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2026
5.74%
-5.53%
-5.30%
0.49%
2025
3.51%
-15.15%
-16.75%
6.64%
-1.29%
18.54%
20.44%
15.89%
10.04%
9.01%
-18.58%
1.59%
2024
10.55%
5.93%
2.98%
-12.22%
16.94%
16.67%
-2.30%
0.82%
9.32%
-0.50%
4.77%
8.94%
2023
2.53%
10.53%
20.94%
-3.31%
3.61%
-2.26%
-3.87%
9.99%
-7.00%
8.59%
8.27%
7.53%
2022
-13.73%
-1.20%
13.83%
-17.64%
-11.61%
-9.43%
25.22%
4.04%
-4.99%
5.21%
15.72%
-13.35%
2021
5.78%
-9.73%
6.86%
3.65%
7.46%
6.99%
4.68%
-3.01%
-7.01%
18.75%
21.45%
14.42%
2020
8.59%
-14.42%
4.04%
12.70%
8.15%
-9.85%
23.35%
-14.06%
-7.68%
0.19%
28.91%
7.62%
2019
4.77%
32.47%
9.34%
-2.02%
-22.32%
6.52%
3.01%
-17.06%
5.76%
1.79%
12.36%
4.10%
2018
17.08%
-1.27%
-5.67%
4.38%
-4.91%
1.91%
0.29%
16.56%
-7.98%
-13.79%
2.45%
-14.87%
2017
-3.63%
26.36%
10.23%
6.01%
5.64%
1.55%
-1.17%
17.10%
7.26%
5.21%
15.74%
1.32%
2016
6.82%
9.31%
-11.48%
10.39%
12.00%
6.44%
-0.19%
12.37%
2.14%
Performance Indicators
The charts below present risk-adjusted performance metrics for Arista Networks (ANET) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of ANET compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Arista Networks volatility is 3.49%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses. Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Income Statement
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
2025
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Liabilities And Equity (USD)
19.45B
9.95B
6.78B
5.73B
4.74B
4.19B
3.08B
2.46B
1.73B
1.16B
811.02M
Equity Attributable To Parent (USD)
12.37B
7.22B
4.89B
3.98B
3.32B
2.89B
2.14B
1.66B
1.11B
788.15M
555.66M
Equity Attributable To Noncontrolling Interest (USD)
Arista Networks is positioned for strong growth in 2026 due to massive capex spending by big tech companies on AI infrastructure. Google's breakthrough TurboQuant algorithm, which reduces memory usage by up to 8x, is expected to ease memory chip shortages and lower costs for Arista. With record Q4 revenue of $2.49B, a 25% growth outlook, and an attractive valuation of 30x forward earnings, the networking hardware specialist presents a compelling investment opportunity.
The Motley Fool•Danny Vena, Cpa
AI Insight
Strong Q4 results with record revenue, robust 25% growth guidance, easing input costs from memory compression breakthrough, attractive valuation after 22% correction, and positioned to benefit from $700B+ big tech AI capex spending.
Gigamon has maintained its market leadership in deep observability with 51% market share in 2025, as the market grows 18% year-over-year driven by AI adoption and hybrid cloud complexity. The deep observability market is projected to reach $2.1 billion by 2030 with a 29% CAGR. Gigamon introduced AI Traffic Intelligence and Insights to help organizations secure and manage AI-driven infrastructure.
GlobeNewswire Inc.•
AI Insight
Arista is mentioned as a competitor in the deep observability market report but no specific performance metrics, market share data, or company-specific achievements are provided in the article.
Arista Networks, a high-speed ethernet switch provider for data centers, is positioned to benefit from hyperscalers' $700+ billion spending on AI infrastructure. The company achieved 28.5% revenue growth in 2025 to $9 billion, with management guiding for 25% growth in 2026. However, analysts believe management's outlook is overly conservative given strong deferred revenue of $5.4 billion and consistent market share gains, suggesting the stock could outperform guidance.
The Motley Fool•Adam Levy
AI Insight
The article presents a strong buy case for Arista Networks, highlighting phenomenal 2025 results (28.5% revenue growth), consistent market share gains, substantial deferred revenue ($5.4B) suggesting future growth, and management guidance that appears conservatively low. The author argues the stock is fairly valued at 37x forward earnings despite strong growth prospects.
Nvidia's networking revenue surged 263% year-over-year, signaling that AI infrastructure demand extends beyond GPUs across the entire supply chain. The article highlights three key beneficiaries: Nvidia itself with $11 billion in networking revenue, Arista Networks with record $9 billion revenue and AI networking revenue expected to double to $3.2 billion in 2026, and Vertiv Holdings with 252% surge in orders and a $15 billion backlog, driven by power management and cooling needs for AI data centers.
The Motley Fool•John Ballard
AI Insight
Record revenue of $9 billion in 2025 with 29% YoY growth. AI networking revenue reached $1.5 billion and expected to more than double to $3.2 billion in 2026. Management expects to add one or two large customers this year with no apparent demand pressure.
Equinix (EQIX), a real estate investment trust specializing in data center properties, is positioned as an attractive investment to capitalize on the AI-driven data center infrastructure boom. With projected capex reaching $602 billion this year and a potential $3 trillion infrastructure investment supercycle by 2030, Equinix offers steady recurring revenue, 11 consecutive years of dividend increases, and strong fundamentals including $9.2 billion in revenue and 10% projected growth for 2026.
The Motley Fool•Matt Hunter
AI Insight
Data center play receiving positive Wall Street attention during the AI infrastructure expansion.
The U.S. optical interconnect market is experiencing strong growth driven by hyperscale data centers, AI/ML acceleration, and 5G infrastructure expansion. The market is projected to grow at a CAGR of 13.86-14.14% through 2035, with optical transceivers and silicon photonics leading product segments. North America dominates with 36.2% market share, while Asia Pacific shows the fastest regional growth at 14.99% CAGR.
GlobeNewswire Inc.•Sns Insider
AI Insight
Listed as leading market player benefiting from hyperscale data center expansion and increasing adoption of optical interconnect technologies in cloud infrastructure.
Arista Networks, a provider of networking solutions for AI data centers, is positioned for strong growth in 2026 despite recent supply constraints. The company exceeded Q4 2025 expectations with 29% revenue growth and raised its 2026 guidance to 25%. With a $5.4 billion deferred revenue backlog and Wall Street's median price target of $177.50 (33% upside), analysts are bullish on the stock as the data center Ethernet switch market is expected to grow significantly.
The Motley Fool•Harsh Chauhan
AI Insight
Strong Q4 2025 earnings beat, raised 2026 revenue guidance to 25%, robust deferred revenue of $5.4B indicating solid pipeline, 25 analysts recommending buy, 33% upside potential to $177.50 price target, and positioned to benefit from growing AI data center spending. Premium valuation of 44x forward earnings is justified by expected earnings acceleration.
The article highlights that investors are favoring companies combining high earnings growth (20%+) with strong balance sheets in a market with elevated valuations. NVIDIA is noted as one of the fastest-growing large-cap companies driven by AI accelerator demand, while Eli Lilly has delivered robust earnings growth through innovation in therapeutic areas. The article emphasizes that strong financial foundations combined with significant earnings growth signal durable competitive advantages and offer compelling upside potential with resilience.
Investing.com•Tafara Tsoka
AI Insight
Mentioned in the article header with a 1.05% change, but no specific analysis or commentary provided about the company in the main article content.
Markets are balancing AI-driven momentum, sector rotation into energy, and earnings volatility. The article highlights five U.S. stocks to watch: Nvidia for AI leadership momentum, Palantir for mid-cap AI breakout potential, Exxon Mobil for energy sector rotation, an unnamed large-cap tech stock for earnings guidance, and Arista for networking demand from data center upgrades.
Investing.com•Tafara Tsoka
AI Insight
Benefits from hyperscaler data center upgrades as AI clusters expand, creating critical networking demand.
While Nvidia dominates AI accelerators, the broader AI ecosystem is expanding rapidly with lesser-known companies benefiting from surging AI infrastructure spending. The article highlights four underrated AI stocks: Super Micro Computer (server infrastructure), Arista Networks (cloud networking), Vertiv Holdings (cooling and power management), and Synopsys (semiconductor design software) as compelling alternatives to mega-cap AI plays.
Investing.com•Tafara Tsoka
AI Insight
Positioned as a critical component of AI infrastructure, specializing in high-performance cloud networking solutions that address the essential data connectivity bottleneck for AI models.