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Arista Networks, Inc. (ANET)

Arista sells high-speed Ethernet switching and routing equipment, and the software that runs it, to operators of very large networks. The company calls its approach Centers of Data: treating the network as a service that joins four domains, AI centres, data centres, campus centres and wide area network centres, rather than as separate silos. Everything is anchored on two pieces of its own software, the Extensible Operating System and Network Data Lake, with CloudVision as the single management layer. Customers fall into three groups: Cloud and AI Titans, AI and Specialty Providers, and Enterprise.

Arista Networks, Inc.

Arista sells high-speed Ethernet switching and routing equipment, and the software that runs it, to operators of very large networks. The company calls its approach Centers of Data: treating the network as a service that joins four domains, AI centres, data centres, campus centres and wide area network centres, rather than as separate silos. Everything is anchored on two pieces of its own software, the Extensible Operating System and Network Data Lake, with CloudVision as the single management layer. Customers fall into three groups: Cloud and AI Titans, AI and Specialty Providers, and Enterprise.

What the platform is

One operating system, one data lake and one management product, which the company says keeps features consistent across the whole product range and lets a customer run the network with streaming real-time telemetry, in-service software upgrades and AI-assisted operations. The filing puts its differences as reliability backed by quality assurance and automated diagnostics, open and standards-based technology that avoids vendor lock-in, and telemetry and automation that cut the operator's manual work. A Technical Assistance Center provides support around the clock.

The AI products

The Etherlink portfolio runs to over twenty products for AI scale-out and scale-across use, with scale-up to come. It includes 800G switches, and named platforms are the 7800R AI Spine, the 7060 AI Leaf and the 7700R4 Distributed Etherlink Switch. Software features named alongside them are Smart System Upgrades, AI Analyzer and load balancing. Scale Across is the answer to clusters spread over long distances, where power and space limits and the pull of inference towards the edge mean a routed link has to cope with packet loss, delay and security on the wire. Other engineering areas named are deep packet buffer architectures, virtual output queuing, non-disruptive upgrades, optics, reversible cooling and system power efficiency. There is also a campus and routing line, aimed at networks where office, home and remote working have merged and where smart devices, security cameras and connected sensors have multiplied.

Who buys it

Customers are the large cloud and AI operators, other internet and service providers including specialty and AI neoclouds, and enterprises including financial firms and government agencies, with the enterprise base widened into media and entertainment, healthcare, oil and gas, education, manufacturing and industrial sectors. Concentration is high: two customers each accounted for more than 10 percent of sales in 2025, at 26 percent and 16 percent of the total.

How it is sold

Sales run through a direct sales force alongside channel partners, meaning distributors, value-added resellers, systems integrators and original equipment manufacturers, with the Arista Partner Program to coordinate them and authorised training partners delivering technical training. Partners usually take an order from an end customer before ordering from Arista, and the company verifies the end customer's identity before accepting; partners generally hold no stock. Sales teams are organised by geography, by major account or by vertical market, supported by systems engineers doing pre-sales technical work.

Who builds it

Most manufacturing is subcontracted, primarily to Jabil, Sanmina and Foxconn Hon Hai, in Malaysia, Vietnam, Mexico and other countries, with every location required to be ISO-9001 certified. Finished product ships to four direct fulfilment facilities, in the United States, the Netherlands and Singapore, which hold inventory, do final configuration and ship to customers and partners; installation is then done by the customer or by systems integrators and resellers. The contract manufacturers buy the components and assemble to Arista's specifications, while Arista keeps control of the bill of materials, the qualified suppliers, test procedures and quality assurance. Key components including merchant silicon, integrated circuits and power supplies come from a limited number of suppliers, some sole source, and the filing states the company is primarily reliant on Broadcom, its predominant merchant silicon vendor, for switching chips, with generally no written supply guarantee from component providers.

Competition and people

The data centre and campus networking markets have historically been dominated by Cisco, with competition also from Dell/EMC, Extreme Networks, Hewlett Packard Enterprise, Huawei, Juniper Networks, Nvidia and white box vendors using open-source operating systems. Arista employed approximately 5,115 full-time people worldwide at the end of 2025, none of them represented by unions, with part-time staff and contractors beyond that who the filing says are not a material part of the workforce.

From Arista Networks' annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Arista Networks became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 4 November 2026
Revenue
$3.7 billion
+58.5% on the year · +20.5% on the quarter
Q4 FY2024Q3 FY2026
Net income
$1.6 billion
+82.9% on the year · +28.7% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$1.22
+82.1% on the year · +28.4% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 17 February 2026
Revenue
$9.0 billion
+28.6% on the year
FY2018FY2025
Net income
$3.5 billion
+23.1% on the year
FY2018FY2025
Diluted EPS
$2.75
+23.3% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsArista Networks (ANET) reported revenue of $9.0 billion for fiscal 2025, the year ended 31 December 2025, up 28.6% on the year before. Net income was $3.5 billion and diluted earnings per share $2.75. Revenue was $7.0 billion in fiscal 2024, $5.9 billion in fiscal 2023, $4.4 billion in fiscal 2022 and $2.9 billion in fiscal 2021. Net income in the same years was $2.9 billion, $2.1 billion, $1.4 billion and $841 million. Over the twelve months to 30 September 2026, Arista Networks reported revenue of $11.9 billion and net income of $4.8 billion. Revenue grew 31.2% a year, compounded, over the five years to fiscal 2025. Arista Networks had 1.26 billion shares outstanding at the latest filed count. At 30 September 2026 it carried $0 million of debt and $2.3 billion of cash. At the close of 6 November 2026 the market cap of Arista Networks was $215.7 billion, 45.9 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE28.9%
ROCE31.7%
Operating margin43.8%
Net margin40.0%
FCF margin42.2%
Interest covern/a
Debt to equity0.00x
Cash conversion1.10x
Share count, last 12 months0.3%
Sales CAGR, 3 years27.1%
Profit CAGR, 3 years37.4%
EPS, TTM$3.72

At the close of 6 November 2026

Price$170.75
Market cap$215.7 billion
Stock P/E45.9x
Price to book13.1x
EV / EBITDA40.2x
Dividend yieldn/a
Market cap / sales18.1x
52-week high$216.68
52-week low$116.13
Price, 1 year27.4%
Price CAGR, 3 years47.6%
Price CAGR, 5 years38.8%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Arista Networks, Inc.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
ANETgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue8248771,0521,1771,2761,3511,4591,5091,5401,5711,6901,8111,9302,0052,2052,3082,4882,7093,0363,658
Cost of revenue3023234094675075475755675415705936496997297668189241,0321,1251,332
Gross profit5235546437107698058849429991,0011,0971,1621,2311,2761,4391,4901,5641,6771,9102,326
Gross margin63%63%61%60%60%60%61%62%65%64%65%64%64%64%65%65%63%62%63%64%
R&D158172178188190201230212211208267236285266296326348344348487
Operating income2662783634174694855306036406607007858008599869781,0331,1581,3781,642
Operating margin32%32%34%35%37%36%36%40%42%42%41%43%41%43%45%42%42%43%45%45%
Pre-tax income2673093624244864975866456947237708838899551,0801,0771,1371,2711,5041,916
Tax rate10%12%17%17%12%12%16%15%12%12%14%15%10%15%18%21%16%20%19%19%
Net income2392722993544274364925456146386657488018148898539561,0231,2131,560
Net margin29%31%28%30%33%32%34%36%40%41%39%41%41%41%40%37%38%38%40%43%
Diluted EPSn/a$0.21$0.23$0.28$0.34$0.34$0.39$0.43$0.48$0.50$0.52$0.58$0.62$0.64$0.70$0.67$0.75$0.80$0.95$1.22
Operating cash flow22521710113440.53744346995265149891,1741,0316421,2001,2681,2621,6941,0831,201
Capital expenditure9.314.98.910.410.55.611.611.26.09.43.27.012.528.424.030.137.054.529.7101
Free cash flow21620292.212430.03694236885205049861,1671,0196131,1761,2381,2251,6391,0531,100
Buybacks17613648447.62.882.330.00.00.062.717265.21247871960.06200.00.00.0
Shares outstanding1,231m1,233m1,218m1,222m1,228m1,232m1,237m1,244m1,249m1,254m1,256m1,259m1,261m1,257m1,257m1,259m1,256m1,259m1,261m1,263m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2012FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022FY2023 †FY2024FY2025TTM
Revenue1933615848381,1291,6462,1512,4112,3182,9484,3815,8607,0039,00611,890
Cost of revenue61.31231922944065847788668361,0671,7062,2302,5123,2374,414
Gross profit1322393925447231,0621,3731,5441,4821,8812,6763,6304,4915,7697,477
Gross margin68.3%66.0%67.1%64.9%64.0%64.5%63.8%64.1%63.9%63.8%61.1%61.9%64.1%64.1%62.9%
Research and development55.298.61492092743504424634875877288559971,2371,527
Operating income39.966.11261492434702738067009251,5272,2572,9453,8565,211
Operating margin20.6%18.3%21.5%17.8%21.6%28.6%12.7%33.4%30.2%31.4%34.9%38.5%42.0%42.8%43.8%
Interest expensen/an/an/an/a3.12.82.7n/an/an/an/an/an/an/an/a
Pre-tax income33.058.31221462424752898627399311,5822,4223,2654,2505,829
Income tax11.615.834.724.958.051.6-39.32.410490.02293354137381,077
Effective tax rate35.3%27.1%28.5%17.1%24.0%10.9%-13.6%0.3%14.1%9.7%14.5%13.8%12.6%17.4%18.5%
Net income21.342.586.81211844233288606358411,3522,0872,8523,5114,752
Net margin11.0%11.8%14.9%14.5%16.3%25.7%15.3%35.7%27.4%28.5%30.9%35.6%40.7%39.0%40.0%
Diluted EPS$0.02$0.04$0.08$0.10$0.16$0.33$0.25$0.66$0.50$0.66$1.07$1.65$2.23$2.75$3.72
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Product9911,4331,8412,0211,8312,3783,7165,0305,8847,57784.1%
Service1382133103904875706658311,1191,42915.9%
ProductService
1,646FY20172,411FY20192,948FY20215,860FY20239,006FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2012 to FY2025

FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Americasn/an/an/an/a8751,1921,5501,8331,7722,1563,4634,6515,7297,12279.1%
Europe, Middle East and Africa23.040.674.61281693004143823274875306717131,07011.9%
Asia Pacific15.821.044.062.385.61541871962193053895385618139.0%
Other Americas5.16.08.912.5n/an/an/an/an/an/an/an/an/an/an/a
United States150294457634n/an/an/an/an/an/an/an/an/an/an/a
Americas FY2016 to FY2025Europe, Middle East and AfricaAsia PacificUnited States FY2012 to FY2015Other Americas FY2012 to FY2015
361FY2013838FY20151,646FY20172,411FY20192,948FY20215,860FY20239,006FY2025

$ million; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2012FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022FY2023 †FY2024FY2025TTM
Operating cash flow26.334.61322381746325039637351,0164932,0343,7084,3725,239
Capital expenditure3.320.313.120.021.415.323.815.815.464.744.634.432.0120222
Free cash flow23.014.31192181536164799477209514482,0003,6764,2525,017
Free cash flow margin11.9%4.0%20.3%26.0%13.5%37.4%22.3%39.3%31.1%32.3%10.2%34.1%52.5%47.2%42.2%
Cash from investing-12.4-19.5-249184-326-391-755-284-609-926216-687-2,457-3,576-4,658
Cash from financing4.09.924425.932.751.542.9-218-346-361-655-83.7-422-1,596-616
Depreciation and amortisation1.85.010.013.719.720.627.732.835.250.362.770.662.072.693.1
Share-based compensation4.710.227.645.359.075.491.2101137187231297355439512
Buybacksn/an/an/an/an/a0.00.02663954126701124241,603620
Diluted shares, weighted398m481m873m1,143m1,172m1,264m1,294m1,294m1,271m1,277m1,266m1,269m1,281m1,276m1,278m
Shares outstanding at period endn/a511m1,048m1,090m1,133m1,179m1,211m1,222m1,219m1,231m1,228m1,249m1,261m1,256m1,263m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2012FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity18.977.75567881,1081,6622,1432,8953,3203,9794,8867,2199,99512,37016,447
Debtn/a98.80.0n/an/a0.00.00.00.00.00.00.00.00.00.0
Operating lease liabilitiesn/an/an/an/an/an/a0.083.072.456.544.044.437.5n/an/a
Finance lease liabilitiesn/an/an/an/an/a37.735.40.0n/an/an/an/an/an/an/a
Other liabilitiesn/a1882553726217619031,2081,3461,6991,8462,6834,0127,0788,817
Total liabilities and equityn/a3658111,1601,7292,4613,0824,1854,7395,7346,7759,94714,04419,44925,264
Owned
Fixed assetsn/a67.271.679.777.074.375.439.332.278.695.010298.8203379
Goodwilln/an/an/an/an/a0.053.754.9190188266269268416416
Intangible assetsn/an/an/an/an/a0.058.645.212393.612288.862.0289n/a
Investmentsn/a0.02090.03007121,3371,6171,9882,8082,3913,0695,5418,77912,071
Cash and equivalents88.71142406875688596501,1118936216721,9392,7621,9642,288
Receivablesn/a78.097.01442532473323923905179231,0341,1401,8872,328
Inventoryn/a67.178.092.12363062652444806501,2901,9451,8352,2473,210
Other assetsn/a38.61151562952613126826447791,0161,5002,3363,6644,573
Total assetsn/a3658111,1601,7292,4613,0824,1854,7395,7346,7759,94714,04419,44925,264
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded26.8%31.2%27.1%40.7%
Profit growth, compounded40.0%40.8%37.4%41.6%
Return on equity, average24.1%26.9%28.6%28.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Arista Networks' revenue in fiscal 2025?

Arista Networks (ANET) reported revenue of $9.0 billion for fiscal 2025, the year ended 31 December 2025, up 28.6% on the year before.

How much did Arista Networks earn in fiscal 2025?

Net income was $3.5 billion for fiscal 2025, and diluted earnings per share $2.75.

What is Arista Networks' P/E ratio?

At the close of 6 November 2026, Arista Networks traded at 45.9 times its earnings over the twelve months to 30 September 2026.

What is Arista Networks' market cap?

The market cap of Arista Networks was $215.7 billion at the close of 6 November 2026.

How much debt does Arista Networks have?

At 30 September 2026 Arista Networks carried $0 million of debt and $2.3 billion of cash.

Peers: Computers

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Cisco Systems, Inc. CSCO$370.3 billion28.1026.4%24.3%11.8%0.591.8%
Palo Alto Networks Inc. PANW$255.7 billion615.081.1%6.1%24.5%0.06n/a
International Business Machines Corp. IBM$231.5 billion20.8831.4%n/a6.8%1.802.8%
Arista Networks, Inc. ANET$215.7 billion45.9028.9%43.8%40.7%0.00n/a
Dell Technologies Inc. DELL$210.3 billion19.07n/a9.4%49.0%n/a0.7%
Sandisk Corp. SNDK$120.3 billion6.69107.1%72.5%272.4%0.00n/a
F5, Inc. FFIV$17.7 billion24.7518.8%24.5%9.4%0.00n/a
Extreme Networks Inc. EXTR$3.2 billion60.0659.7%5.7%11.3%2.27n/a
Digi International Inc. DGII$2.4 billion50.167.1%13.9%20.3%0.16n/a
A10 Networks, Inc. ATEN$1.8 billion37.5020.6%16.9%15.0%0.941.0%
Netgear, Inc. NTGR$504 millionn/a-7.6%-6.0%-3.2%0.00n/a
Lantronix Inc. LTRX$241 millionn/a-3.5%-3.4%-1.6%0.00n/a
All 59 in Computers
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Apple Inc. AAPL$4.97 trillion38.16117.9%33.0%15.1%0.710.3%
Cisco Systems, Inc. CSCO$370.3 billion28.1026.4%24.3%11.8%0.591.8%
Palo Alto Networks Inc. PANW$255.7 billion615.081.1%6.1%24.5%0.06n/a
International Business Machines Corp. IBM$231.5 billion20.8831.4%n/a6.8%1.802.8%
Arista Networks, Inc. ANET$215.7 billion45.9028.9%43.8%40.7%0.00n/a
Dell Technologies Inc. DELL$210.3 billion19.07n/a9.4%49.0%n/a0.7%
Sandisk Corp. SNDK$120.3 billion6.69107.1%72.5%272.4%0.00n/a
Seagate Technology Holdings plc STX$105.9 billion24.21127.3%39.6%44.4%0.690.6%
Western Digital Corp. WDC$98.6 billion10.20107.2%39.4%43.0%0.080.2%
Fortinet, Inc. FTNT$87.3 billion38.56101.6%33.0%20.2%0.22n/a
Hewlett Packard Enterprise Co. HPE$59.5 billion23.3210.5%6.2%26.6%0.761.3%
NetApp, Inc. NTAP$33.2 billion23.8694.8%25.0%12.2%1.661.2%
Everpure, Inc. P$32.2 billion132.5816.4%5.3%27.2%0.00n/a
HP Inc. HPQ$25.7 billion10.86n/a5.4%8.1%n/a4.1%
Samsara Inc. IOT$24.0 billion256.005.7%1.0%29.5%0.00n/a
Super Micro Computer, Inc. SMCI$19.0 billion6.1322.8%8.6%156.5%0.54n/a
F5, Inc. FFIV$17.7 billion24.7518.8%24.5%9.4%0.00n/a
Leidos Holdings, Inc. LDOS$16.2 billion11.8727.4%11.5%2.7%1.161.3%
GoDaddy Inc. GDDY$14.0 billion15.64n/a25.7%6.4%n/an/a
Logitech International S.A. LOGI$13.6 billion17.3437.5%17.8%5.7%0.001.6%
Caci International Inc. CACI$13.5 billion25.0911.7%9.8%10.1%1.05n/a
IonQ, Inc. IONQ$13.3 billion120.635.1%-333.9%376.5%0.01n/a
Jack Henry & Associates Inc. JKHY$12.1 billion23.7924.7%25.3%7.5%0.041.4%
Aurora Innovation, Inc. AUR$8.9 billionn/a-51.9%-14,357.1%n/a0.00n/a
Science Applications International Corp. SAIC$6.1 billion17.1226.5%8.0%-0.8%1.731.0%
Open Text Corp. OTEX$6.0 billion9.4215.9%20.5%0.1%1.404.4%
Waystar Holding Corp. WAY$5.5 billion41.093.3%21.9%21.4%0.36n/a
Kyndryl Holdings, Inc. KD$3.5 billion46.547.2%n/a-0.7%3.770.0%
NCR Atleos Corp. NATL$3.5 billion13.4447.3%13.2%1.9%4.51n/a
Agilysys Inc. AGYS$3.4 billion77.5012.4%14.3%14.9%0.00n/a
Extreme Networks Inc. EXTR$3.2 billion60.0659.7%5.7%11.3%2.27n/a
Parsons Corp. PSN$2.8 billion35.705.6%4.8%-2.7%0.51n/a
Digi International Inc. DGII$2.4 billion50.167.1%13.9%20.3%0.16n/a
Netscout Systems Inc. NTCT$2.2 billion17.887.9%15.3%2.7%0.00n/a
Pitney Bowes Inc. PBI$2.1 billion12.05n/a13.7%-3.5%n/a2.4%
Diebold Nixdorf, Inc. DBD$2.0 billion27.298.2%5.4%6.3%1.01n/a
A10 Networks, Inc. ATEN$1.8 billion37.5020.6%16.9%15.0%0.941.0%
Omnicell, Inc. OMCL$1.7 billion38.923.4%5.2%5.6%0.13n/a
NCR Voyix Corp. VYX$1.3 billion13.7212.5%2.4%-9.2%1.16n/a
Corsair Gaming, Inc. CRSR$1.3 billion32.006.7%3.2%1.6%0.17n/a
Par Technology Corp. PAR$849 millionn/a-7.8%-9.8%16.8%0.52n/a
Evolv Technologies Holdings, Inc. EVLV$823 millionn/a-4.4%-20.8%41.7%0.24n/a
OneSpan Inc. OSPN$794 million11.9224.8%17.9%4.9%0.022.4%
Mitek Systems Inc. MITK$778 million36.709.0%17.8%11.1%0.20n/a
Quantum Corp. QMCO$569 millionn/an/a-2.3%11.3%n/an/a
Netgear, Inc. NTGR$504 millionn/a-7.6%-6.0%-3.2%0.00n/a
Telos Corp. TLS$359 millionn/a-16.9%-9.9%65.9%0.00n/a
SmartRent, Inc. SMRT$307 millionn/a-7.8%-13.0%3.5%0.00n/a
Asure Software Inc. ASUR$278 millionn/an/an/an/a0.33n/a
Veea Inc. VEEA$277 millionn/a-152.1%-4,135.0%186.8%1.67n/a
Kodiak AI, Inc. KDK$248 millionn/an/a-1,824.6%n/an/an/a
Lantronix Inc. LTRX$241 millionn/a-3.5%-3.4%-1.6%0.00n/a
Ribbon Communications Inc. RBBN$240 million13.404.8%-3.6%-7.8%0.90n/a
Unisys Corp. UIS$195 millionn/an/a4.3%1.9%n/an/a
Xerox Holdings Corp. XRX$143 millionn/an/a-14.5%16.0%n/a9.3%
One Stop Systems, Inc. OSS$108 million71.831.1%-17.3%18.7%0.00n/a
Merlin, Inc. MRLN$88 millionn/an/an/an/an/an/a
CSP Inc. CSPI$74 millionn/a-1.5%-5.3%-0.7%0.051.6%
Widepoint Corp. WYY$63 millionn/a-10.8%-0.8%9.7%0.00n/a
7 companies share its SEC industry code (Computer Communications Equipment); the rest are the names nearest in size in its wider industry, Computers, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on ANET

Dividendsno dividend in its filings for fiscal 2012 onward
Filings13 in twelve months: 5 current reports (8-K), about 4 results of operations; 1 shareholder vote
Planned insider sales61 Form 144 notices in twelve months, $1.64 billion; latest 6 November 2026
Options tapeput/call 0.97 by open interest at the 6 November 2026 close; the straddle prices a 7.4% move to 13 November 2026
13F holders2,260 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading607 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest12.2 million shares short, 2.21 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 20264 November 2026EDGAR
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202517 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20257 May 2025EDGAR
10-K31 December 202419 February 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 202431 July 2024EDGAR

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