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How to Buy Arista Networks Stock

Arista Networks Inc

Arista Networks is a computer hardware company located in California, United States, which is part of the Technology sector, and is traded under the ticker ANET on the NYSE exchange.

Arista Networks stock last closed at $289.98, up 0.54% from the previous day, and has increased 77.9% in one year. It has underperformed other stocks in the Computer Hardware industry by 1.01 percentage points. Arista Networks stock is currently +120.22% from its 52-week low of $131.68, and -5.77% from its 52-week high of $307.74.

As of Mar 28, 2024, there are 312.63M ANET shares outstanding. The market value of ANET is $90.66B. In the past 24 hours, 1.78M ANET shares were traded.

How to Buy Arista Networks Stock

Wondering how to invest in Arista Networks stock? Here's how.
  1. Choose where to buy Arista Networks stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Arista Networks stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit money your investment account: Select your method of payment and add your information.
  4. Research Arista Networks stock: The Arista Networks ticker symbol is ANET. Is Arista Networks stock a good investment? Should you buy shares of ANET? How do ANET's underlying business fundamentals look? Do top analysts think Arista Networks is a good buy? Why has ANET's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if ANET is a good stock to buy).
  5. Make your ANET purchase: Decide if you will purchase ANET shares at the current market price or use a limit order to purchase ANET stock at a specific price.
  6. Get key alerts regarding your investment in ANET: Create a watchlist to track your investment in Arista Networks shares.

Step 1: Choose where to buy Arista Networks stock

You need an online brokerage account to access the NYSE market and buy ANET shares.

A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've chosen your brokerage, the next step is to fill out some personal information so you can invest in ANET stock today.

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Step 3: Deposit money your investment account

Now that you have created your account on the best stock app to use, you need to deposit funds:

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Step 4: Research Arista Networks stock

Once you have selected the best place to buy Arista Networks stock, it's important to research their stock before you buy, so you can comprehend the risk as well as the opportunity.

Overview of key ANET info

ANET Price
$289.98
1w %
-4.8%
1y %
77.9%
5y %
271.41%
P/E
42.96x
P/B
12.56x
P/S
15.31x
PEG
N/A
Revenue
$5.86B
Earnings
$2.09B
Fore. Rev. Growth
12.74%
Fore. Earn. Growth
-49.96%
Market Cap
$90.66B
Next Earnings
Apr 29, 2024
Next Dividend
N/A

ANET Overview

WallStreetZen was designed to help part-time investors perform more in-depth fundamental analysis quickly.

You can see all of the due diligence checks on ANET's stock page.

Is ANET stock properly valued?

You can use many financial metrics, analyses, models, and charts to gauge ANET's fair value.

Using relative valuations methods:

  • ANET could be overvalued based on its P/E ratio of 42.96x, relative to Computer Hardware industry P/E ratio of 41.47x
  • ANET may be undervalued based on its P/B ratio of 12.56x, relative to Computer Hardware industry P/B ratio of 14.35x

You can do more valuation research on ANET's stock here.

A quick look at ANET Financials

Positive Health Checks:

  • Total ANET debt is lower than 5 years ago, relative to shareholder equity.
  • ANET's operating cash flow of $2.03B allows it to safely service it's debt of $0.00.
  • There are more short-term assets than long-term liabilities on the ANET balance sheet.
  • ANET earnings of $2.42B is not enough to cover its interest payments.
  • ANET profit margin has gone up from 30.9% to 35.6% in the past year.
  • There are more short-term assets than short-term liabilities on the ANET balance sheet.
  • ANET has a low debt to equity ratio of 0.38.

Is it a good time to buy Arista Networks stock, according to analysts?

Out of 12 sell side analysts who monitor ANET, the consensus analyst rating on Arista Networks is a Strong Buy

Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.

Latest ANET Analyst Ratings

Erik Suppiger, a top 3% analyst from JMP Securities reiterates ANET with a buy rating and maintains their ANET price target from $325.00 to $325.00, on Feb 13, 2024.

Tim Long, a top 4% analyst from Barclays maintains ANET with a strong buy rating and raises their ANET price target from $272.00 to $311.00, on Feb 13, 2024.

Barclays's Tim Long raised their price target on Arista Networks (NYSE: ANET) by 14.3% from $272 to $311 on 2024/02/13. The analyst maintained their Strong Buy rating on the stock.

Arista Networks posted strong performance while management's guidance was marginally above the Street consensus, Long said to sum up the company's 2024/02/12-dated Q4 and FY 2023 print.

Barclays continues to believe there is still an opportunity for FY 2024 growth estimates to rise during the year, the analyst added.

Earnings Report

Arista Networks reported:

For Q4 2023:

  • EPS of $2.08, which beat the Zacks Consensus Estimate of $1.71 and, by %, Q4 2022's $1.41.
  • Revenue of $1.54B, which beat the Zacks Consensus Estimate by 0.66% and Q4 2022's $1.28B by 20.3%.
  • 65.4% gross margin, up from Q4 2022's 63.1%.
  • 48.3% operating margin, up from Q4 2022's 42.6%.

For FY 2023:

  • EPS of $6.94, up 51.5% from FY 2022's $4.58.
  • Revenue of $5.86B, up 33.8% Y/Y.
  • 62.6% gross margin, up from FY 2022's 61.9%.
  • 44.4% operating margin, up from FY 2022's 41%.

For Q1 2024, management guided:

  • Revenue of $1.52B to $1.56B.
  • 62% gross margin.
  • 42% operating margin.

Outgoing CFO Ita Brennan commented: “Our outstanding performance for 2023 epitomizes our focus on profitable revenue growth, expanding our enterprise and campus footprint while leveraging R&D and go-to-market investments across the business."

Incoming CFO Chantelle Breithaupt added: "I am truly honored to be a part of the leadership team that will drive Arista 2.0 products and technology for enterprise, cloud and AI customers.

"As we enter 2024, we remain focused on satisfying their most demanding requirements with our compelling, innovative networking solutions."

Alex Henderson, a top 1% analyst from Needham reiterates ANET with a buy rating and maintains their ANET price target from $320.00 to $320.00, on Feb 13, 2024.

Aaron Rakers, a top 1% analyst from Wells Fargo maintains ANET with a strong buy rating and raises their ANET price target from $225.00 to $310.00, on Feb 7, 2024.

Thomas Blakey, a top 13% analyst from KeyBanc maintains ANET with a strong buy rating and raises their ANET price target from $287.00 to $306.00, on Jan 22, 2024.

You can dig deeper into what analysts are saying on the Arista Networks stock forecast page.

ANET Technicals

SMA10
294.33
SMA20
288.06
SMA50
275.78
SMA100
251.15
SMA200
214.92
MACD
6.8
MACD Signal
7.05
MACD Histogram
-0.25
RSI
53.74
Stochastic %K
64.51
Stochastic %D
76.85
StochRSI %K
32.76
StochRSI %D
57.9

How is ANET performing as a company?

Last year, ANET earnings were $2.09B. During the last five year, ANET's earnings have grown by 43.82% per year. This was faster than the Computer Hardware industry average of 31.07%.

Last year, ANET revenue was $5.86B. In the past 5 year, ANET's revenue has increased by 22.19% per year. This was faster than the Computer Hardware industry average of 10.36%.

Learn more about ANET's earnings and revenue performance here.

What are ANET executives and large shareholders up to?

Over the last 12 months, insiders at ANET have sold more shares than they have bought.

Jayshree Ullal, President and CEO of ANET, was the latest ANET insider to sell. They sold $4,185,580.00 worth of ANET shares on Mar 26, 2024.

Dig into more about who owns ANET stock here.

Does ANET stock generate passive income?

No, Arista Networks doesn't provide an income stream by paying out dividends.

What others are saying about ANET

One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Make your ANET purchase

There are two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a specific price, place a limit order.

Click the Open button and eToro will execute your order.

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Step 6: Get key alerts regarding your investment in ANET

Now that you own some ANET stock, you'll want to stay up-to-date on your investment.

Add ANET to a watchlist to track your ANET stock.

ANET Feed

How to Buy Stock in Arista Networks

To summarize, here are the 6 steps you need to take to buy Arista Networks stock right now:

  1. Choose where to buy Arista Networks stock
  2. Sign up for a brokerage account
  3. Deposit money your investment account
  4. Research Arista Networks stock
  5. Make your ANET purchase
  6. Get key alerts regarding your investment in ANET

If you are looking for a place to buy stocks, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest scoop on your new investment in Arista Networks, create your watchlist below.

NYSE: ANET
$289.98+1.57 (+0.54%)
Updated Mar 28, 2024
Open eToro Account
NYSE: ANET
$289.98+1.57 (+0.54%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Arista Networks share?

As of Mar 28, 2024, it costs $289.98 to buy one share of Arista Networks stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.345 shares of ANET.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Arista Networks stock?

According to 12 Wall Street analysts who monitor Arista Networks, their consensus recommendation is to buy Arista Networks stock.

What is the best way to buy Arista Networks stock?

One way to place an order for Arista Networks stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.