Google lists ANET’s EPS at $2.29 (https://www.google.com/finance?q=NYSE%3AANET&ei=PqeoWKna…)
Feb 17 - Close
Range 110.31 - 119.45
52 week 55.00 - 119.45
Open 111.00
Vol / Avg. 5.91M/733,344.00
Mkt cap 8.32B
P/E 52.02
Div/yield -
EPS 2.29
Shares 70.13M
Beta -
Inst. own 64%
Arista has long been on my watch list; it is primarily the legal issues that kept me on the sidelines)
I had a starter position in ANET, but when CISCO sued, I bought a bunch more. And then when the ITC reversal came and the price plummeted, I sold some Puts. All obviously doing really well now.
Big companies like Cisco have a patent portfolio as a defensive strategy, so for them to actually go offensive with it meant that they knew they were losing. Arista can lose the lawsuit battle but they will still win the market share war.
Someone somewhere in Fooldom posted his concern about commodity hardware being a threat to Arista’s price moat. But, software is still the key for Arista. It can be worth it for companies like Google and Facebook to develop their own solutions since they have the scale and every last bit of custom optimization saves them money, but that’s OK - there are many more companies big and medium for whom trying to reinvent what Arista has would be a big mistake.