Arista Networks Inc. (ANET)

Arista Networks Inc. (ANET) reported third-quarter results on November 3, 2026, with adjusted EPS of $1.20 against an analyst estimate of $1.08, and revenue grew 58.50% year on year. The stock rose 5.04% in the first session after that report, but it has since given back some ground: the one-month return is down 14.60%, and the price sits 3.72% below its 50-day moving average. The shares still trade 11.13% above the 200-day average and 14.86% below the 52-week high of $217.41, so the stock is in a mixed trend. The valuation is the main reason the CleaRank rating is more cautious than Wall Street's view, with a trailing P/E of 49.62 against a sector median of 35.1.

Arista has beaten the EPS estimate in all eight of the recent reports the record covers. The November 3, 2026 report was the most recent beat, with adjusted EPS of $1.20 against $1.08 expected, a margin of 11.11%. The stock rose 5.04% in the first session after that report. A beat does not guarantee a rise, and four of the eight beats were followed by a lower share price in the first session.

Revenue grew 58.50% in the latest quarter compared with the same quarter a year earlier, against a sector median of 24.2%, a gap of 34.3 percentage points. The company's net profit margin is 39.97% and its operating margin is 44.90%, and its return on equity of 33.52% is above the sector median of 13.4%. Debt-to-equity is 0.00. Analysts expect revenue to grow 48.6% this fiscal year, so the company's growth is expected to remain well above the sector's.

Valuation is the main drag on the score. The trailing P/E of 49.62 is 41.4% above the sector median of 35.1, and the price-to-sales ratio of 19.79 is 160.4% above the sector median of 7.6. The Peer Benchmarking card places the stock at a premium to peers on earnings. Insiders have recorded 88 sales worth $2.4B over the last 18 months and no open-market purchases. Insider sales are often planned in advance or made to cover tax on vesting shares, so they are a weaker signal than purchases.

Of the 32 analysts with a current rating, 31 rate the stock buy or strong buy, one rates it hold and none rate it sell. Three months ago the count was 31 buy ratings out of 31. Recent actions include TD Cowen keeping its Buy rating on October 19, 2026, Citigroup keeping its Buy on October 8, 2026, and Bernstein starting coverage at Outperform on September 30, 2026. The median 12-month target of $248.00 is 34.0% above the price.

The base case is that Arista keeps growing faster than its sector while the stock works through its 50-day average. Analysts expect EPS to rise 46.9% this fiscal year to $4.38 and revenue to rise 48.6% to $13.4B, so the earnings base is expected to keep expanding. If the company keeps beating estimates as it has in each of the last eight reports, the price could test the 50-day average at $192.25 and then the 52-week high at $217.41. The main risk is valuation: at a P/E of 49.62, the shares depend on growth continuing at this pace. The median analyst target is $248.00, with a range from $190.00 to $290.00. These are analysts' forecasts, not CleaRank's, and they have been set with the stock's growth in mind.

Support: the 20-day EMA at $180.91 is the nearest level below the price and the first place a fall would meet. Below it, the 200-day SMA at $166.57 is the next support, and the 52-week low at $114.52 is the furthest. Resistance: the 50-day SMA at $192.25 is the nearest level above the price, and a rise would meet it first. The 52-week high at $217.41 is the second level above and the level the stock would need to clear to make a new high.