
Arista Networks (ANET) Stock Forecast & Price Target
Arista Networks (ANET) Analyst Ratings
Bulls say
Arista Networks has demonstrated robust financial performance with a significant 20% increase in full-year 2024 revenues, totaling $7.0 billion, fueled by strong demand from Cloud and AI companies, particularly from its major clients such as Microsoft, Meta Platforms, and Oracle. The company reported a 25% year-over-year sales growth in the latest quarterly results, outperforming both company guidance and market expectations, indicating strong operational execution and enhanced service offerings. Furthermore, Arista's management anticipates a continued positive growth trajectory, with projected revenue increases of approximately 17% year-over-year for FY25, supported by ongoing capital spending expansion in the Cloud and AI sectors.
Bears say
Arista Networks has encountered disappointing guidance and deteriorating valuation metrics, with enterprise and financials contributing only 35% to projected 2024 sales, a slight decline from the previous year's 36%. Additionally, revenue from Tier 2 and specialty cloud providers decreased to 17% in 2024, down from 21% in fiscal year 2023, raising concerns about customer concentration and potential share loss, particularly regarding Meta. The company's international revenue, which consists primarily of cloud customers, showed a concerning decline, falling by 7% quarter-over-quarter and 9% year-over-year, indicating vulnerability in a tightening macroeconomic environment.
This aggregate rating is based on analysts' research of Arista Networks and is not a guaranteed prediction by Public.com or investment advice.
Arista Networks (ANET) Analyst Forecast & Price Prediction
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