ANET

Arista Networks, Inc.

Technology · $255.1B market cap

Share price

$207.35

close of Oct 3, 2026

Fair value

$63.66

Sticker Price

Payback Price

$25.46

buy price

Overpriced

ANET is Overpriced: at $207.35 it trades 226% above its fair value of $63.66. Its buy price (Payback Price) is $25.46, 88% below today's price. Business quality is strong: all 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

5 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth38.4% a year✓

Equity per share growth27.5% a year✓

Sales growth25.6% a year✓

Free cash flow growth28.7% a year✓

Return on invested capital23.2%✓

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Superinvestors

2 of the investors we track hold ANET. In Q2 2026, 1 opened a position and 1 trimmed. Who we track

Francois Rochon

Giverny Capital · as of Q2 2026

$57.7M

339,892 shares

Lee Ainslie

Maverick Capital · as of Q2 2026

$1.2M

6,785 shares

Moves in Q2 2026

New position: Lee Ainslie

Trimmed: Francois Rochon

Insider activity

Since Aug 5, 2026: no open-market purchases, 69 sales worth $256.5M and 31 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

TEMPLETON MARK B

director · 2026-09-08

Sold

$60K

TEMPLETON MARK B

director · 2026-09-08

Sold

$337K

TEMPLETON MARK B

director · 2026-09-08

Sold

$197K

TEMPLETON MARK B

director · 2026-09-08

Sold

$137K

TEMPLETON MARK B

director · 2026-09-08

Sold

$254K

Show all 69 sales

Breithaupt Chantelle Yvette

Senior Vice President, CFO · 2026-09-01

Sold

$120K

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-27

Sold

$1.2M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-27

Sold

$13.2M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-27

Sold

$4.2M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-27

Sold

$15.0M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-27

Sold

$14.1M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-27

Sold

$10.1M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-27

Sold

$3.0M

Ullal Jayshree

CEO and Chairperson · 2026-08-25

Sold

$77K

Ullal Jayshree

CEO and Chairperson · 2026-08-25

Sold

$1.9M

Ullal Jayshree

CEO and Chairperson · 2026-08-25

Sold

$627K

Battles Kelly Bodnar

director · 2026-08-21

Sold

$40K

Battles Kelly Bodnar

director · 2026-08-21

Sold

$8K

Battles Kelly Bodnar

director · 2026-08-21

Sold

$7K

Battles Kelly Bodnar

director · 2026-08-21

Sold

$12K

Battles Kelly Bodnar

director · 2026-08-21

Sold

$13K

Duda Kenneth

President and CTO · 2026-08-20

Sold

$153K

Duda Kenneth

President and CTO · 2026-08-20

Sold

$1.2M

Duda Kenneth

President and CTO · 2026-08-20

Sold

$1.1M

Duda Kenneth

President and CTO · 2026-08-20

Sold

$774K

Duda Kenneth

President and CTO · 2026-08-20

Sold

$88K

Duda Kenneth

President and CTO · 2026-08-20

Sold

$705K

Duda Kenneth

President and CTO · 2026-08-20

Sold

$614K

Duda Kenneth

President and CTO · 2026-08-20

Sold

$446K

Duda Kenneth

President and CTO · 2026-08-20

Sold

$141K

Duda Kenneth

President and CTO · 2026-08-20

Sold

$1.1M

Duda Kenneth

President and CTO · 2026-08-20

Sold

$983K

Duda Kenneth

President and CTO · 2026-08-20

Sold

$714K

Ullal Jayshree

CEO and Chairperson · 2026-08-12

Sold

$530K

Ullal Jayshree

CEO and Chairperson · 2026-08-12

Sold

$275K

Ullal Jayshree

CEO and Chairperson · 2026-08-12

Sold

$19K

Ullal Jayshree

CEO and Chairperson · 2026-08-12

Sold

$105K

Ullal Jayshree

CEO and Chairperson · 2026-08-12

Sold

$5K

Ullal Jayshree

CEO and Chairperson · 2026-08-12

Sold

$9.8M

Ullal Jayshree

CEO and Chairperson · 2026-08-12

Sold

$5.1M

Ullal Jayshree

CEO and Chairperson · 2026-08-12

Sold

$350K

Ullal Jayshree

CEO and Chairperson · 2026-08-12

Sold

$1.9M

Ullal Jayshree

CEO and Chairperson · 2026-08-12

Sold

$88K

Ullal Jayshree

CEO and Chairperson · 2026-08-12

Sold

$427K

Ullal Jayshree

CEO and Chairperson · 2026-08-12

Sold

$9.3M

Ullal Jayshree

CEO and Chairperson · 2026-08-12

Sold

$1.7M

Ullal Jayshree

CEO and Chairperson · 2026-08-12

Sold

$24.5M

Ullal Jayshree

CEO and Chairperson · 2026-08-12

Sold

$47.2M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$211K

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$870K

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$621K

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$1.6M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$9.7M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$7.1M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$1.1M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$383K

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$549K

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$2.3M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$1.6M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$4.2M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$26.2M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$19.2M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$2.9M

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-06

Sold

$947K

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-05

Sold

$669K

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-05

Sold

$221K

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-05

Sold

$689K

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-05

Sold

$755K

BECHTOLSHEIM ANDREAS

Owns 10%+ · 2026-08-05

Sold

$875K

Other filings

Duda Kenneth

President and CTO · 2026-09-08

J-Other

200,000 shares

Duda Kenneth

President and CTO · 2026-09-08

J-Other

100,000 shares

Duda Kenneth

President and CTO · 2026-08-28

J-Other

102,320 shares

Duda Kenneth

President and CTO · 2026-08-28

J-Other

42,938 shares

Duda Kenneth

President and CTO · 2026-08-28

J-Other

42,937 shares

Show all 31 other filings

Duda Kenneth

President and CTO · 2026-08-28

J-Other

51,160 shares

Duda Kenneth

President and CTO · 2026-08-28

J-Other

85,875 shares

Battles Kelly Bodnar

director · 2026-08-20

Option exercise

538 shares

CHEW LEWIS

director · 2026-08-20

Option exercise

538 shares

Giancarlo Charles H

director · 2026-08-20

Option exercise

538 shares

Lavender Robert G

director · 2026-08-20

Option exercise

538 shares

Scheinman Daniel

director · 2026-08-20

Option exercise

538 shares

TEMPLETON MARK B

director · 2026-08-20

Option exercise

538 shares

Wassenaar Yvonne

director · 2026-08-20

Option exercise

538 shares

Breithaupt Chantelle Yvette

Senior Vice President, CFO · 2026-08-20

Tax withholding

$1.1M

Breithaupt Chantelle Yvette

Senior Vice President, CFO · 2026-08-20

Option exercise

10,920 shares

Breithaupt Chantelle Yvette

Senior Vice President, CFO · 2026-08-20

Option exercise

1,350 shares

Duda Kenneth

President and CTO · 2026-08-20

Option exercise

$204K

Duda Kenneth

President and CTO · 2026-08-20

Option exercise

3,880 shares

Duda Kenneth

President and CTO · 2026-08-20

Option exercise

4,148 shares

Duda Kenneth

President and CTO · 2026-08-20

Option exercise

1,832 shares

Duda Kenneth

President and CTO · 2026-08-20

Tax withholding

$2.9M

Duda Kenneth

President and CTO · 2026-08-20

Option exercise

1,350 shares

Duda Kenneth

President and CTO · 2026-08-20

Option exercise

$57K

Duda Kenneth

President and CTO · 2026-08-20

Option exercise

19,816 shares

Nightingale Todd

President and COO · 2026-08-20

Award

10,360 shares

Nightingale Todd

President and COO · 2026-08-20

Tax withholding

$11.8M

Nightingale Todd

President and COO · 2026-08-20

Option exercise

10,360 shares

Nightingale Todd

President and COO · 2026-08-20

Option exercise

116,515 shares

Ullal Jayshree

CEO and Chairperson · 2026-08-20

Tax withholding

$2.6M

Ullal Jayshree

CEO and Chairperson · 2026-08-20

Option exercise

27,664 shares

About Arista Networks, Inc.

Arista Networks, Inc. is a leading global technology firm that designs, promotes, and distributes innovative cloud networking solutions across the Americas, Europe, the Middle East, Africa, and Asia-Pacific regions. Its comprehensive product portfolio features advanced extensible operating systems, a collection of powerful network applications, and high-performance gigabit Ethernet switching and routing hardware…

Computer Hardware

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works

Verdict

How we valued it

Business quality

Superinvestors

Insider activity

Sales

Other filings

About Arista Networks, Inc.