Independent equity research
Is Arista Networks (ANET) a Buy, Hold or Sell?
Arista Networks — our independent, AI-built valuation and rating, in brief.
SELL (reduce into strength)
12-mo fair value
$125.00
To fair value
−37%
By · report dated 2026-08-14 · fair value derived independently of the market price.
The thesis, in brief
At $199.17 Arista's own base-case cash flows are discounted at 6.2% against a 4.63% 10-year Treasury, and justifying the price needs FY2036 revenue near $152bn (12x FY2026), so the shares are worth $125; the call is wrong if FY2027 revenue tops $17bn with GAAP operating margin above 46%
How we value it
We value Arista Networks using 50/50 blend: 10-yr DCF on owner FCF after SBC + P/E on 2027E GAAP EPS. The 12-month fair value is set from that intrinsic estimate first, then compared to the market to read the upside or downside — never anchored to the current price.
What the full report covers
- Business & moat + industry cycle
- Earnings quality & normalized EPS
- Returns on capital (ROIC vs WACC)
- Balance-sheet safety
- Two independent valuations (DCF + multiples)
- Bear / base / bull fair values
- Earnings-call analysis
- Insider activity & positioning
- Technicals (RSI / ADX)
- A falsifiable thesis
Read the full Arista Networks report
The complete model, the scenarios, and every number behind the call — plus other names across the coverage. One subscription, cancel anytime.