Tillkännagivande • May 08
Arista Networks Inc. Provides Earnings Guidance for the Second Quarter of 2026 Arista Networks Inc. provided earnings guidance for the first second of 2026. For the quarter, the company expects revenue of approximately $2.8 billion. New Risk • May 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.3% average weekly change). Minor Risk Significant insider selling over the past 3 months (€4.6m sold). Reported Earnings • May 06
First quarter 2026 earnings released: EPS: US$0.81 (vs US$0.65 in 1Q 2025) First quarter 2026 results: EPS: US$0.81 (up from US$0.65 in 1Q 2025). Revenue: US$2.71b (up 35% from 1Q 2025). Net income: US$1.02b (up 26% from 1Q 2025). Profit margin: 38% (down from 41% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Communications industry in Europe. Recent Insider Transactions • Apr 23
Co-Founder recently sold €1.4m worth of stock On the 17th of April, Kenneth Duda sold around 10k shares on-market at roughly €138 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €13m. Tillkännagivande • Apr 18
Arista Networks, Inc., Annual General Meeting, May 29, 2026 Arista Networks, Inc., Annual General Meeting, May 29, 2026. Recent Insider Transactions • Apr 10
Independent Director recently sold €868k worth of stock On the 1st of April, Charles Giancarlo sold around 8k shares on-market at roughly €108 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.2m. Insiders have been net sellers, collectively disposing of €12m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €123, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 14x in the Communications industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €144 per share. Tillkännagivande • Apr 08
Arista Networks, Inc. to Report Q1, 2026 Results on May 05, 2026 Arista Networks, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 05, 2026 Buy Or Sell Opportunity • Mar 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.5% to €109. The fair value is estimated to be €138, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Recent Insider Transactions • Mar 22
Co-Founder recently sold €1.2m worth of stock On the 17th of March, Kenneth Duda sold around 10k shares on-market at roughly €116 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.2m. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €11m. Tillkännagivande • Mar 12
Arista Networks Announces XPO High Density Liquid Cooled Pluggable Optics Arista Networks announced the formation of a multi-source agreement (MSA) for XPO, a revolutionary 12.8 Tbps liquid cooled optics module that supports a front panel density of 204.8 Tbps per open compute rack unit, a 4X improvement compared to 1600G-OSFP optics. XPO was designed specifically to support AI networking including scale-up, scale-out, scale-across, and metro reach fabrics, offering the following key innovations: · Record-Breaking Throughput: Delivers 12.8 Tbps per pluggable module. · Unprecedented Rack Density: Achieves 204.8 Tbps per OCP rack unit. · Integrated Cold Plate: Capable of cooling up to 400W power per module. · Universality: Supports all industry optics standards (DR, FR, LR, SR, ZR/ZR+) as well as next-generation coherent-lite, slow&wide, copper, and RF-Microwave. · Flexibility: Supports linear, half-retimed, or fully-retimed interface architectures. Recent Insider Transactions • Feb 21
Co-Founder recently sold €1.2m worth of stock On the 17th of February, Kenneth Duda sold around 10k shares on-market at roughly €120 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €11m. Buy Or Sell Opportunity • Feb 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.8% to €119. The fair value is estimated to be €98.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Tillkännagivande • Feb 13
Arista Networks Inc. Provides Earnings Guidance for the First Quarter of 2026 Arista Networks Inc. provided earnings guidance for the first quarter of 2026. For the period, the company expects Revenue of approximately $2.6 billion. Buy Or Sell Opportunity • Jan 26
Now 23% overvalued Over the last 90 days, the stock has fallen 9.7% to €121. The fair value is estimated to be €98.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Recent Insider Transactions • Jan 23
Co-Founder recently sold €1.1m worth of stock On the 20th of January, Kenneth Duda sold around 10k shares on-market at roughly €109 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €10m. Tillkännagivande • Jan 16
Arista Networks, Inc. to Report Q4, 2025 Results on Feb 12, 2026 Arista Networks, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 12, 2026 New Risk • Jan 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 6.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.8% average weekly change). Minor Risk Significant insider selling over the past 3 months (€2.3m sold). Recent Insider Transactions • Dec 22
Co-Founder recently sold €1.0m worth of stock On the 17th of December, Kenneth Duda sold around 10k shares on-market at roughly €105 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.2m. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €11m. Tillkännagivande • Dec 11
Arista Networks Introduces Massive Scale Campus Mobility Arista Networks announced significant advancements for Cognitive Campus scale including the introduction of Arista Virtual Ethernet Segment with Proxy ARP (Arista VESPA) for WLAN mobility, enabling customers to deploy large-scale mobility domains. The company also announced an expansion of Arista AVA®? (Autonomous Virtual Assist) agentic AI, designed to further streamline AI Ops use cases as well as key additions to its campus switching portfolio that bring the power, reliability, and operational simplicity of Arista's EOS®? (Extensible Operating System) to outdoor environments. Arista VESPA addresses critical scaling limits faced by major enterprises as they experience exponential growth in the number of clients and IoT devices. By bringing consistent, large-scale principles typically used in the data center to campus networks, Arista VESPA enables customers to design massive Wi-Fi roaming domain networks with over 500,000 clients. This ensures a highly resilient architecture with sub-second failover while removing the architectural complexity and hardware dependency of traditional controller-based solutions. AI for Networking with AVA now delivers a truly unified agentic AI framework for networking, establishing a foundation for autonomous, self-driving networks. This combination creates a single source of truth and the necessary context that enables AI agents, whether from Arista or third parties via the Model Context Protocol (MCP), to make truly intelligent, informed decisions across the entire infrastructure. These foundational elements enable AVA's expanded capabilities, including: Multi-domain Event Correlation across wired, wireless, data center, and security to pinpoint a single root cause. Agentic Conversational and Troubleshooting Capabilities in Ask AVA for sophisticated, multi-turn dialogue that follows train of thought. Continuous Monitoring and Automated Root Cause Analysis for proactive issue identification. Cognitive Campus for the Industrial Edge: Arista is also introducing two new ruggedized platforms, 710HXP-28TXH and 710HXP-20TNH, expanding Arista's portfolio to support demanding industrial or outdoor environments across various sectors. The new platforms include: A 20-port Din Rail switch with an IP50 rating. A 1RU 24-port switch with an IP30 rating. Both platforms are specifically engineered for harsh environments and can withstand extreme temperatures, vibrations, and shocks. Equipped with multi-gig and high-power 90W ports, they are designed to support next-generation devices such as Wi-Fi 7 access points and high-powered outdoor security cameras. By supporting Arista EOS and CloudVision, these ruggedized switches ensure a single, consistent operational model. All the newly announced software capabilities and switch platforms are expected to be generally available by first quarter' 2026. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: US$0.68 (vs US$0.59 in 3Q 2024) Third quarter 2025 results: EPS: US$0.68 (up from US$0.59 in 3Q 2024). Revenue: US$2.31b (up 28% from 3Q 2024). Net income: US$853.0m (up 14% from 3Q 2024). Profit margin: 37% (down from 41% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Communications industry in Europe. Tillkännagivande • Nov 05
Arista Networks Inc Provides Earnings Guidance for the Fourth Quarter 2025 Arista Networks Inc. provided earnings guidance for the fourth quarter 2025. For the quarter, the company expects revenue of $2.3 billion - $2.4 billion. Tillkännagivande • Oct 29
Arista Networks Unveils Next Generation Data and AI Centers Arista Networks announced the next generation family of R4 Series platforms for AI, data center (DC), and routed backbone deployment. The R4 family of routers helps customers reduce the total cost of ownership (TCO) while ensuring high performance, low AI job completion time, low power consumption, and integrated security. Arista enables high capacity DC/AI clusters with a dense 800 Gbps R4 system, thereby setting a new benchmark with the introduction of 3.2 Tbps HyperPorts. This offers distributed AI workloads with ultra-capacity for distributed scale-ac across and multiplanar networking. The new R4 series routers deliver a broad and deep portfolio of fixed and modular solutions for scalable and multiple use cases. The density and flexibility provided by Arista's new R4 family optimize customer network architectures with efficient two-tier leaf-and-spine designs. All R4 products deliver a rich suite of Arista EOS (Extensible Operating System) L3 features required for modern architectures using EVPN, VXLAN, MPLS, and SR/SRv6. Each R4 system ensures predictable latency via hierarchical deep packet buffering, coupled with scalable protection against packet loss during transient congestion. Customer use cases for AI centers include high-scale backbones, DC Interconnect, lossless AI training and inference, and scale-ac across routing. AI Centers demand high speed transport in very high port densities. Arista meets this challenge by offering a wide range of density options for 800 Gbps across its broad portfolio. Petabit scale across cloud/AI titans, neoclouds, service provider, and enterprise customer segments is now possible. "When Magnite needed to build next-generation data center solution for AI and other advanced computing needs, Arista was the clear choice given their high quality offering. This ultra capacity can enable 44% shorter job completion time for AI bandwidth flows compared to traditional load balancing over four separate 800 Gbps ports. Complementary Spine with 7280R4 The 7280R4 complements the 7800R4 in a compact fixed form factor. The 7280R4 and 7800R4 are based on the flagship and highly deployed Arista EOS. The data plane forwarding features are also consistent across both product lines. Customers can right-size their solutions to match needed port speeds, densities, space, and network architectures. Key 7280R4 family enhancements include: 32-port 800 GbE system, ideal for an AI/DC spine or backbone router; 64-port 100 GbE with 10-port 800 GbE systems, ideal for an AI/DC leaf. The 7020R4 Ethernet leaf switches for high-speed direct server connectivity as an AI or DC leaf. The 7020 R4 family is ideal for customers with complex workloads, heterogeneous environments, and high-end workstations that expect a rich feature set, high logical scale, and deep packet buffering for congestion control. Key additions in the 7020R4 family include 10GbE Ethernet with copper or 25GbE SFP port options, and 100 GbE uplinks with wirespeed TunnelSec encryption per port for cybersecurity protection. Availability: 7800R4 modular systems are shipping now. Two new 7800R4 linecards are shipping now. Two new 7280R4 platforms are shipping now. New 7020R4 Chassis platforms - first quarter '26. New 7800R4 with HyperPort - first quarter'26. Recent Insider Transactions • Oct 23
Co-Founder recently sold €1.2m worth of stock On the 17th of October, Kenneth Duda sold around 10k shares on-market at roughly €122 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €9.7m. Tillkännagivande • Oct 08
Arista Networks Inc to Report Q3, 2025 Results on Nov 04, 2025 Arista Networks Inc announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 04, 2025 Recent Insider Transactions • Sep 21
Co-Founder recently sold €1.2m worth of stock On the 17th of September, Kenneth Duda sold around 10k shares on-market at roughly €120 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €8.5m. Tillkännagivande • Sep 09
Arista Networks Inc Announces Executive Changes On September 5, 2025, the Board of Directors of Arista Networks Inc. appointed Kenneth Duda, the Company’s current Chief Technology Officer and Senior Vice President, Engineering, as the Company’s President and Chief Technology Officer, effective September 5, 2025. Mr. Duda’s expanded role will oversee cloud and AI systems engineering and business development. Mr. Duda, age 54, is one of founders and has served in various roles with them from 2004 to present. Mr. Duda has served as a member of board of directors since December 2023. Since September 2011, Mr. Duda has served as our Technology Officer and Senior Vice President of Software Engineering. Mr. Duda holds B.S. and M.S. degrees in Computer Science and Electrical Engineering from the Massachusetts Institute of Technology and a Ph.D. degree in Computer Science from Stanford University. There are no family relationships between Mr. Duda and any director or executive officer of the Company, and the Company has not entered into any transactions with Mr. Duda that are reportable pursuant to Item 404(a) of Regulation S-K. Except as described above, there are no arrangements or understandings between Mr. Duda and any other persons pursuant to which he will be appointed as an executive officer of the Company. The Company has not entered into any agreements or arrangements with Mr. Duda in connection with his appointment to the role of President and Chief Technology Officer. In September 2025, the Company appointed Tyson Lamoreaux as Senior Vice President of Cloud and AI Networking. Mr. Lamoreaux has over twenty-five years of networking and systems experience. He will be joining Mr. Duda’s team, reporting to Hugh Holbrook, the Company’s Chief Development Officer, as part of the strategic expansion of Mr. Duda’s role to cover cloud and AI systems engineering and business development. Buy Or Sell Opportunity • Sep 02
Now 48% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to €114. The fair value is estimated to be €77.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €92.39, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 18x in the Communications industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €62.53 per share. Recent Insider Transactions • Aug 21
Co-Founder recently sold €1.2m worth of stock On the 18th of August, Kenneth Duda sold around 10k shares on-market at roughly €117 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €7.3m. Recent Insider Transactions • Jul 23
Co-Founder recently sold €959k worth of stock On the 17th of July, Kenneth Duda sold around 10k shares on-market at roughly €95.95 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.3m. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €6.1m. Tillkännagivande • Jul 09
Arista Networks Inc to Report Q2, 2025 Results on Aug 05, 2025 Arista Networks Inc announced that they will report Q2, 2025 results After-Market on Aug 05, 2025 Buy Or Sell Opportunity • Jun 24
Now 25% overvalued The stock has been flat over the last 90 days, currently trading at €79.47. The fair value is estimated to be €63.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Tillkännagivande • Jun 19
Arista Networks Inc Appoints Todd Nightingale as President and Chief Operating Officer, Effective on or About July 1, 2025 Arista Networks Inc. announced on June 13, 2025, the company appointed Todd Nightingale, age 45, to serve as the company’s president and chief operating officer. Mr. Nightingale will join the company on or about July 1, 2025. Mr. Nightingale has served as the Chief Executive Officer and member of the Board of Directors of Fastly Inc. from September 2022 to June 2025. Prior to Fastly Inc., Mr. Nightingale served as the Executive Vice President and General Manager of Enterprise Networking and Cloud at Cisco Systems Inc. from March 2020 to September 2022. Mr. Nightingale served as the Senior Vice President and General Manager of Cisco Meraki from June 2016 to March 2020. Prior to that, he held various roles as a Vice President at Cisco Meraki. Mr. Nightingale holds a Bachelor of Science in electrical engineering and computer science from Massachusetts Institute of Technology as well as a Masters in engineering from Massachusetts Institute of Technology. Buy Or Sell Opportunity • Jun 03
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at €76.99. The fair value is estimated to be €63.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Tillkännagivande • May 16
Arista Networks Reportedly to Acquire VeloCloud from Broadcom Arista Networks Inc. (NYSE:ANET) is reportedly in the process of acquiring VeloCloud (VeloCloud Networks, Inc.), which is a networking business unit owned by Broadcom Inc. (NasdaqGS:AVGO), according to The Information. VeloCloud provides both networking software and hardware to major clients, including telecom service providers. Although the exact price of the deal is unknown, it is expected to be under $1 billion, as the unit was generating around $300 million in annual recurring revenue as of October 2024. Interestingly, VeloCloud specializes in software-defined wide-area networking (SD-WAN), which is a technology that allows companies with many remote employees or branch offices to securely connect to corporate networks using the internet. It also helps protect sensitive data by encrypting connections to cloud applications. Unsurprisingly, this technology is becoming increasingly important as more businesses operate in hybrid and remote environments. It is worth noting that Arista, which competes with Cisco, launched its own SD-WAN product in 2023 and is now looking to expand in that space. The company plans to hire about half of VeloCloud’s 1,000 employees and has already begun offering positions. VeloCloud was originally acquired by VMware in 2017 for $450 million, and later became part of Broadcom when it bought VMware in 2023. Both Arista and Broadcom declined to comment on the deal. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €87.65, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 16x in the Communications industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €66.16 per share. Buy Or Sell Opportunity • May 12
Now 25% overvalued The stock has been flat over the last 90 days, currently trading at €82.14. The fair value is estimated to be €65.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Recent Insider Transactions • May 09
Co-Founder recently sold €1.3m worth of stock On the 6th of May, Kenneth Duda sold around 16k shares on-market at roughly €79.37 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €8.7m. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: US$0.65 (vs US$0.51 in 1Q 2024) First quarter 2025 results: EPS: US$0.65 (up from US$0.51 in 1Q 2024). Revenue: US$2.00b (up 28% from 1Q 2024). Net income: US$813.8m (up 28% from 1Q 2024). Profit margin: 41% (in line with 1Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Communications industry in Europe. 
