Full-Time
Hardware and software for cloud networking
CA$123k - CA$175k/yr
Vancouver, BC, Canada
Remote
Master's, MBA, PhD
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Arista Networks builds high-performance cloud networking hardware and software for large data centers and cloud environments. Its product line includes spine-and-leaf switches and routers that form scalable data-center networks, combined with software for automation and visibility to simplify operations. The network gear is designed for hyperscale and I/O-intensive workloads, offering strong performance and power efficiency. Arista differentiates itself through a focus on scalable, energy-efficient hardware paired with software that improves automation and observability, serving cloud providers, enterprises, and financial institutions via direct sales, partners, and service contracts. The company's goal is to help customers deploy and manage scalable, efficient, and automated data-center networks that meet the demands of large-scale cloud workloads.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Santa Clara, California
Founded
2004
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Company Equity
Arista Networks shares have surged nearly 30% in three months, driven by AI-related demand and its first $3 billion quarter. One strategy offers investors a way to potentially buy the stock at a discount whilst earning income. By selling a put option on ANET expiring 17 June 2027 with a $115 strike price, investors can collect roughly $855 in premium per contract. This generates an 8.7% annualised return on the $11,500 cash secured for the trade. Combined with a 5.0% money market yield, the total return reaches approximately 13.7%. If ANET stays above $115, the put expires worthless and investors keep the premium. If it falls below $115, investors buy shares at an effective price of $106.45 after accounting for the premium — a 44% discount to today's $188.67 price. Arista recently raised its 2026 revenue forecast to $12.6 billion, projecting 40% annual growth.
Arista Networks demonstrates consistent quarterly revenue growth, rising from $1.8 billion in Q3 2024 to $3.0 billion in Q2 2026. The cloud networking company reported a 40% net income margin and $1.1 billion in free cash flow for the quarter ended June 30, 2026. Arm Holdings shows more volatile quarter-over-quarter revenue trends, though its pivot toward AI-centric data centres is gaining traction. The company reported data centre royalties more than doubled year over year in Q2 2026. It posted a 21% net income margin and $694.0 million in free cash flow for the same period. Arm became subject to multiple federal securities fraud investigations during May 2026.
Arista Networks' stock rose 64% over the past year, but key signals appeared in its financial filings months earlier. The company's chip purchase commitments climbed from $2.4 billion in fiscal Q3 2024 to $3.5 billion by Q1 2025, reaching $9.7 billion by Q2 2026 against quarterly revenue just over $3 billion. Product deferred revenue increased by roughly $320 million in fiscal Q3 2024, tied to Etherlink platforms moving from trials to production under customer acceptance clauses. Total deferred revenue reached $6.9 billion in the latest quarter. Management also noted 10 to 15 enterprise trials running alongside its large AI customers. That Etherlink customer base has since expanded to over 100. The figures indicated future revenue before the stock price reflected it.
Arista Networks shares jumped 13% after the company reported second-quarter results that surpassed analyst expectations and issued stronger-than-expected guidance for the third quarter. The networking equipment company posted adjusted earnings per share of $1.02, beating the $0.88 estimate. Revenue reached $3.04 billion, exceeding the $2.83 billion consensus and marking the company's first quarter above $3 billion. This represented a 37.7% year-on-year increase from $2.20 billion. For the third quarter, Arista forecast revenue of approximately $3.3 billion, well above the $2.95 billion consensus estimate. Adjusted EPS guidance of $1.06 to $1.08 also topped the $0.92 analyst consensus. The company's adjusted operating margin expanded to 49.9%, up from 48.8% in the year-ago period.
Arista Networks supplies high-speed switches central to AI infrastructure, positioning the company at the heart of the current buildout. Its shares trade at 58.8 times trailing twelve-month earnings, appearing expensive at first glance. However, the valuation compresses significantly when measured against forward earnings. At the current price of roughly $174, the stock trades at approximately 38.1 times projected 2027 earnings — a 35% discount to the trailing multiple. Analysts forecast revenue growth of around 22% annually. This is conservative compared to Arista's recent performance: 31% growth over the past twelve months and 35% in the most recent quarter. Management raised its full-year 2026 revenue growth forecast to 28%. The chief executive described current demand as "the best I've ever seen in my Arista tenure".