
Arista Networks (ANET) Stock Forecast & Price Target
Arista Networks (ANET) Analyst Ratings
Bulls say
Arista Networks is projected to achieve a 20% revenue increase to $7.0 billion in fiscal year 2024, driven by enhanced spending from Cloud and AI Titans, which contributed approximately 48% of total revenue, reflecting a rise from 43% in the previous fiscal year. The company surpassed its revenue guidance by 3% and showcased a strong top-line growth of 25%, indicating robust demand in the data center market and effective management of services. With expectations of sustained capital spending growth in the cloud sector and a favorable outlook for FY25 revenue growth of 17%, Arista is well-positioned to capitalize on its market share gains and maintain strong operating margins.
Bears say
Arista Networks has faced declining contributions from key customer segments, with Enterprise and Financials sales decreasing slightly to 35% of 2024 revenues and Providers dropping to 17% from 21% year-over-year. The company reported a concerning year-over-year decline in revenues from its largest customer, Meta Platforms, raising fears of potential market share loss amid decelerating product billings, which fell to 20%. Additionally, international revenue has shown a downward trend, declining both quarter-over-quarter and year-over-year, indicating potential vulnerabilities in Arista's overall growth trajectory.
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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