How Does ANET Stock Compare With Its Peers Right Now?

ANET: Arista Networks logo
ANET
Arista Networks

Here is how Arista Networks (ANET) stacks up against its peers in size, valuation, growth and margin.

  • ANET has the highest operating margin among peers at 42.3%.
  • ANET’s revenue growth of 22.3% in the last 12 months is solid, outpacing NTAP, FFIV, CIEN, MSI, UI.
  • ANET’s stock gained 71.6% over the past year with a PE of 57.7, though peers like CIEN, UI delivered stronger returns.
  ANET NTAP FFIV CIEN MSI UI
Market Cap ($ Bil) 174.9 20.8 18.6 13.4 73.8 27.8
Revenue ($ Bil) 7.4 6.6 2.9 4.3 11.0 2.3
PE Ratio 57.7 17.5 29.9 128.2 36.1 50.6
LTM Revenue Growth 22.3% 4.9% 5.6% 2.9% 7.5% 21.4%
LTM Operating Margin 42.3% 21.7% 24.8% 4.9% 25.1% 30.7%
LTM FCF Margin 50.9% 20.4% 28.4% 6.8% 20.7% 31.5%
12M Market Return 71.6% -10.4% 70.8% 101.9% 10.8% 175.9%

Arista Networks develops and sells global cloud networking solutions, offering technical support, hardware repair, parts replacement, bug fixes, patches, and upgrade services beyond standard warranties.

Why does this matter? ANET just went up 34.2% in a month – peer comparison puts stock performance, valuation, and financials in context – highlighting whether it is truly outperforming, lagging behind, and above all – can this continue? Read Buy or Sell ANET Stock to see if Arista Networks holds up as a quality investment. Furthermore, there is always a risk of fall after a strong rally – see how the stock has dipped and recovered in the past through ANET Dip Buyer Analysis lens.

While peer comparison is critical Trefis High Quality Portfolio evaluates much more, and is designed to reduce stock-specific risks while giving upside exposure.

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Revenue Growth Comparison

  LTM 2025 2024 2023 2022
ANET 22.3% 19.5% 33.8% 48.6%
NTAP 4.9% 4.9% -1.5% 0.7%  
FFIV 5.6% 0.1% 4.4% 3.6%
CIEN 2.9% -8.5% 20.8% 0.3%
MSI 7.5% 8.4% 9.5% 11.5%
UI 21.4% -0.6% 14.7% -10.9%

Operating Margin Comparison

  LTM 2025 2024 2023 2022
ANET 42.3% 42.0% 38.5% 34.9%
NTAP 21.7% 21.7% 20.2% 18.2%  
FFIV 24.8% 23.7% 19.1% 15.3%
CIEN 4.9% 4.8% 8.8% 7.1%
MSI 25.1% 24.9% 23.6% 19.1%
UI 30.7% 25.9% 28.1% 27.3%

PE Ratio Comparison

  LTM 2025 2024 2023 2022
ANET 32.2 48.7 34.9 27.5
NTAP 14.9 20.0 18.6 10.2  
FFIV 24.8 26.1 27.1 26.8
CIEN 82.2 146.2 26.3 50.4
MSI 35.7 48.9 30.6 31.7
UI 34.2 57.3 20.7 44.6

The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.