Arista Networks (ANET)
Official siteTECHNOLOGY • COMPUTER HARDWARE • NYSE
Market Cap: $246.42B
Last updated: Sep 01, 2026 at 5:00 PM ET
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Model-weighted December Top 10 returned ~34% over six months, equal-weight ~36% vs S&P 10.5%; eight of ten winners, two losers (NICE, BABA); top performers ~+130%, TSM +42% Thesis update - chokepoints widened from compute and networking to high-bandwidth memory and optical interconnects; chips are now stacked, memory-heavy systems demanding more process intensity, prompting three swaps Micron (MU) promoted - fiscal Q2 revenue $23.86B, guided next quarter to ~$33.5B, gross margin ~81%, booked full 2026 HBM supply, dividend +30%, ROIC 30%, forward multiple <8, market cap >$1T Lam Research (LRCX) promoted - wafer fab equipment spend tracking $110B in 2025 toward $135B in 2026, advanced packaging revenue guide +40%, ROIC 47%, Piotroski 8, operating margin 35% Marvell (MRVL) promoted: custom AI accelerators for hyperscalers like Amazon, plus optical engines for rack interconnects. Up ~227% in a year, essential as data centers shift to photonics.
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Frequently Asked Questions About ANET
- Does ANET pay dividends?
- Arista Networks (ANET) does not currently pay a regular dividend.
- What is ANET's P/E ratio?
- Arista Networks has a price-to-earnings (P/E) ratio of 57.73.
- What is ANET's market cap?
- Arista Networks (ANET) has a market capitalization of $246.42B with a current stock price of $195.69.
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