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ANET

Bearish signal

Factor checklist — research, not advice

A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.

VENTE TOTALE: 53 897 titres (~10 384 287,31 $ US)

Insiders
Duda KennethTEMPLETON MARK BUllal JayshreeBattles Kelly Bodnar
Total bought
—

Avg buy (VWAP, 90d window) —

Total sold
$10,384,287

Avg sell (VWAP, 90d window) $187.62 vs last close $206.55 (+10.1%)

Last activity
2026-09-21
Liquidity
Liquid $985,685,496/day · 20d vol
Last synced
2026-09-25 21:10:07 Synced via automated research pipeline

Sign in to request a sync of this company's price history and timing levels.

Insider holdings as a share of total assets aren't available for this company.

Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.

Recent Form 4

Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.

Date Person Side Shares Price Value Form 4
2026-09-21 Duda Kenneth Sell 2,200 $205.50 $452,089 Form 4
2026-09-08 TEMPLETON MARK B Sell 300 $199.32 $59,795 Form 4
2026-09-01 Breithaupt Chantelle Yvette Sell 612 $195.77 $119,811 Form 4
2026-08-27 BECHTOLSHEIM ANDREAS Sell 5,646 $205.45 $1,159,972 Form 4
2026-08-25 Ullal Jayshree Sell 400 $192.64 $77,055 Form 4
2026-08-21 Battles Kelly Bodnar Sell 213 $188.69 $40,191 Form 4
2026-08-20 Duda Kenneth Sell 818 $186.97 $152,941 Form 4
2026-08-12 Ullal Jayshree Sell 2,554 $207.43 $529,770 Form 4
2026-08-06 BECHTOLSHEIM ANDREAS Sell 1,073 $196.60 $210,953 Form 4
2026-08-05 BECHTOLSHEIM ANDREAS Sell 8,151 $196.89 $1,604,819 Form 4
2026-08-05 Ullal Jayshree Sell 826 $212.64 $175,639 Form 4
2026-08-03 Giancarlo Charles H Sell 102 $186.35 $19,007 Form 4
2026-07-20 Duda Kenneth Sell 40 $172.40 $6,896 Form 4
2026-07-14 BECHTOLSHEIM ANDREAS Sell 6,562 $185.00 $1,213,971 Form 4
2026-07-10 Ullal Jayshree Sell 36,888 $187.18 $6,904,534 Form 4
2026-07-09 Ullal Jayshree Sell 164 $189.18 $31,025 Form 4
2026-07-02 BECHTOLSHEIM ANDREAS Sell 6,363 $167.07 $1,063,040 Form 4
2026-07-01 BECHTOLSHEIM ANDREAS Sell 7,706 $169.58 $1,306,749 Form 4
2026-07-01 Giancarlo Charles H Sell 163 $170.03 $27,715 Form 4

Price (1 year)

Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.

Market snapshot

Signal

Bearish signalScored 2026-09-25

ANET boasts exceptional fundamentals — zero debt, ~47% EBIT margins, and strong liquidity (scores 90/85) — making it a high-quality compounder in the AI networking space.

The first sentence of the analysis written for ANET on 2026-09-25 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.

Financial ratios

MetricTrend2025-12-312024-12-312023-12-312022-12-312021-12-31
Gross Profit Margin64.1%64.1%61.9%61.1%63.8%
Ebit Margin47.2%46.6%41.3%36.1%31.6%
Ebitda Margin48.0%47.5%42.5%37.5%33.3%
Operating Profit Margin42.8%42.0%38.5%34.9%31.4%
Pretax Profit Margin47.2%46.6%41.3%36.1%31.6%
Continuous Operations Profit Margin39.0%40.7%35.6%30.9%28.5%
Net Profit Margin39.0%40.7%35.6%30.9%28.5%
Bottom Line Profit Margin39.0%40.7%35.6%30.9%28.5%
Current Ratio3.0484.3594.3764.2914.336
Quick Ratio2.6303.6883.3633.2943.751
Solvency Ratio0.5060.7200.7880.7490.508
Cash Ratio0.3651.0111.0100.5190.559
Price To Earnings Ratio46.96448.69234.84027.58252.087
Price To Earnings Growth Ratio2.0501.4190.6500.4641.593
Forward Price To Earnings Growth Ratio2.0501.4190.6500.4641.593
Price To Earnings Diluted Ratio47.64749.56535.68528.35554.455
Price To Earnings Diluted Growth Ratio2.0431.4100.6580.4561.702
Price To Book Ratio13.32513.89310.0937.61311.075
Price To Sales Ratio18.30319.82812.4338.48914.947
Price To Free Cash Flow Ratio38.76337.77236.43782.99046.329
Price To Operating Cash Flow Ratio37.70337.44635.82075.47243.376
Debt To Assets Ratio0.0000.0000.0000.0060.010
Debt To Equity Ratio0.0000.0000.0000.0090.014
Debt To Capital Ratio0.0000.0000.0000.0090.014
Long Term Debt To Capital Ratio0.0000.0000.0000.0000.000
Financial Leverage Ratio1.5721.4051.3791.3871.441
Working Capital Turnover Ratio0.8920.8941.0911.1010.871
Operating Cash Flow Ratio0.8131.3571.0600.3810.915
Operating Cash Flow Sales Ratio0.4850.5300.3470.1120.345
Free Cash Flow Operating Cash Flow Ratio0.9730.9910.9830.9090.936
Debt Service Coverage Ratio0.0000.0000.0000.0000.000
Interest Coverage Ratio0.0000.0000.0000.0000.000
Short Term Operating Cash Flow Coverage Ratio0.0000.0000.0000.0000.000
Operating Cash Flow Coverage Ratio0.0000.0000.00011.20917.971
Capital Expenditure Coverage Ratio36.585115.76759.07011.03915.692
Dividend Paid And Capex Coverage Ratio36.585115.76759.07011.03915.692
Dividend Payout Ratio0.0000.0000.0000.0000.000
Enterprise Value Multiple37.68240.90628.45222.23544.333

Sparkline shows each ratio oldest → newest (left → right).

How the latest year compares

For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower

MetricCurrentvs 1Y agovs 5Y avg
Gross Profit Margin 64.1% ▼-0.1% ▲1.1%
Ebit Margin 47.2% ▲0.6% ▲6.6%
Ebitda Margin 48.0% ▲0.5% ▲6.2%
Operating Profit Margin 42.8% ▲0.8% ▲4.9%
Pretax Profit Margin 47.2% ▲0.6% ▲6.6%
Continuous Operations Profit Margin 39.0% ▼-1.7% ▲4.0%
Net Profit Margin 39.0% ▼-1.7% ▲4.0%
Bottom Line Profit Margin 39.0% ▼-1.7% ▲4.0%
Current Ratio 3.048 ▼-1.312 ▼-1.034
Quick Ratio 2.630 ▼-1.058 ▼-0.715
Solvency Ratio 0.506 ▼-0.213 ▼-0.148
Cash Ratio 0.365 ▼-0.646 ▼-0.328
Price To Earnings Ratio 46.964 ▼-1.728 ▲4.931
Price To Earnings Growth Ratio 2.050 ▲0.631 ▲0.815
Forward Price To Earnings Growth Ratio 2.050 ▲0.631 ▲0.815
Price To Earnings Diluted Ratio 47.647 ▼-1.918 ▲4.506
Price To Earnings Diluted Growth Ratio 2.043 ▲0.633 ▲0.789
Price To Book Ratio 13.325 ▼-0.568 ▲2.125
Price To Sales Ratio 18.303 ▼-1.525 ▲3.503
Price To Free Cash Flow Ratio 38.763 ▲0.991 ▼-9.695
Price To Operating Cash Flow Ratio 37.703 ▲0.257 ▼-8.260
Debt To Assets Ratio 0.000 0.000 ▼-0.003
Debt To Equity Ratio 0.000 0.000 ▼-0.005
Debt To Capital Ratio 0.000 0.000 ▼-0.005
Long Term Debt To Capital Ratio 0.000 0.000 0.000
Financial Leverage Ratio 1.572 ▲0.167 ▲0.135
Working Capital Turnover Ratio 0.892 ▼-0.002 ▼-0.078
Operating Cash Flow Ratio 0.813 ▼-0.544 ▼-0.092
Operating Cash Flow Sales Ratio 0.485 ▼-0.044 ▲0.122
Free Cash Flow Operating Cash Flow Ratio 0.973 ▼-0.019 ▲0.014
Debt Service Coverage Ratio 0.000 0.000 0.000
Interest Coverage Ratio 0.000 0.000 0.000
Short Term Operating Cash Flow Coverage Ratio 0.000 0.000 0.000
Operating Cash Flow Coverage Ratio 0.000 0.000 ▼-5.836
Capital Expenditure Coverage Ratio 36.585 ▼-79.182 ▼-11.046
Dividend Paid And Capex Coverage Ratio 36.585 ▼-79.182 ▼-11.046
Dividend Payout Ratio 0.000 0.000 0.000
Enterprise Value Multiple 37.682 ▼-3.224 ▲2.960

Key metrics

MetricTrend20252024202320222021
Market cap$164.84B$138.86B$72.86B$37.19B$44.06B
Enterprise value$162.87B$136.10B$70.92B$36.57B$43.50B
EV / Sales18.09x19.43x12.10x8.35x14.76x
EV / Op. cash flow37.25x36.70x34.87x74.20x42.82x
EV / Free cash flow38.30x37.02x35.47x81.59x45.73x
EV / EBITDA37.68x40.91x28.45x22.23x44.33x
Net debt / EBITDA-0.45x-0.83x-0.78x-0.38x-0.57x
Current ratio3.05x4.36x4.38x4.29x4.34x
Income quality1.25x1.30x0.97x0.36x1.21x
Graham number$25$20$15$10$7
Graham net-net$5$5$3$2$2
Tax burden82.6%87.4%86.2%85.5%90.3%
Interest burden100.0%100.0%100.0%100.0%100.0%
Working capital$11.01B$9.18B$6.48B$4.26B$3.70B
Invested capital$11.63B$9.61B$6.94B$4.74B$4.13B
Return on assets18.1%20.3%21.0%20.0%14.7%
Operating ROA23.0%24.5%27.0%24.4%17.7%
Return on tangible assets18.4%20.8%21.7%21.2%15.4%
Return on equity28.4%28.5%28.9%27.7%21.1%
Return on invested capital22.6%22.7%24.2%23.8%18.1%
Return on capital employed27.4%26.0%28.1%27.9%20.0%
Earnings yield2.1%2.1%2.9%3.6%1.9%
Free cash flow yield2.6%2.6%2.7%1.2%2.2%
Capex / Op. cash flow2.7%0.9%1.7%9.1%6.4%
Capex / Depreciation164.6%51.6%48.8%71.2%128.6%
Capex / Sales1.3%0.5%0.6%1.0%2.2%
SG&A / Sales7.5%7.9%8.8%9.6%12.5%
R&D / Sales13.7%14.2%14.6%16.6%19.9%
Stock comp / Sales4.9%5.1%5.1%5.3%6.3%
Intangibles / Total assets2.1%2.4%3.6%5.7%4.9%
Days sales outstanding76d59d64d77d64d
Days payables outstanding73d55d71d50d69d
Operating cycle330d326d383d353d286d
Cash conversion cycle256d271d312d303d217d

Change by theme

Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.

Change over 1 year

Valuation
Market cap ▲+18.7%EV / Sales ▼-6.9%EV / EBITDA ▼-7.9%EV / Op. cash flow ▲+0.553Earnings yield ▲+0.001Graham number ▲+4.692
Profitability
Return on equity ▼-0.002Return on assets ▼-0.023Return on invested capital ▼-0.001Return on capital employed ▲+0.014Operating ROA ▼-0.015Income quality ▼-0.055Tax burden ▼-0.047
Efficiency
Days sales outstanding ▲+17.034Days payables outstanding ▲+18.108Operating cycle ▲+3.825Cash conversion cycle ▼-14.283Capex / Sales ▲+0.009R&D / Sales ▼-0.005
Balance-sheet strength
Current ratio ▼-1.311Net debt / EBITDA ▲+0.376Working capital ▲+1831907000.000Invested capital ▲+2021722000.000Intangibles / Total assets ▼-0.002

Change over 5 years

Valuation
Market cap ▲+274.1%EV / Sales ▲+22.6%EV / EBITDA ▼-15.0%EV / Op. cash flow ▼-5.567Earnings yield ▲+0.002Graham number ▲+17.775
Profitability
Return on equity ▲+0.073Return on assets ▲+0.034Return on invested capital ▲+0.046Return on capital employed ▲+0.074Operating ROA ▲+0.054Income quality ▲+0.037Tax burden ▼-0.077
Efficiency
Days sales outstanding ▲+12.526Days payables outstanding ▲+4.184Operating cycle ▲+43.568Cash conversion cycle ▲+39.384Capex / Sales ▼-0.009R&D / Sales ▼-0.062
Balance-sheet strength
Current ratio ▼-1.289Net debt / EBITDA ▲+0.121Working capital ▲+7307653000.000Invested capital ▲+7501085000.000Intangibles / Total assets ▼-0.028

Employee count

Peer market caps

Congressional trades

STOCK Act disclosures (90-day window)

Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.

Date Member Side Amount range Filing
2026-07-10 Dan Newhouse Buy $1,001 - $15,000 Filing
2026-07-10 Dan Newhouse Buy $1,001 - $15,000 Filing
2026-07-09 Dan Newhouse Buy $1,001 - $15,000 Filing

Recent trades

DateRepresentativeTypeAmount
2026-07-10Daniel Milton NewhousePurchase$1,001 - $15,000
2026-03-25Gilbert Ray CisnerosSale (Partial)$1,001 - $15,000
2026-02-12Tony WiedSale$100,001 - $250,000
2026-02-03Tony WiedSale$15,001 - $50,000
2026-01-30Gilbert Ray CisnerosPurchase$1,001 - $15,000
2025-12-24Gilbert Ray CisnerosSale (Partial)$1,001 - $15,000
2025-11-18Gilbert Ray CisnerosPurchase$1,001 - $15,000
2025-10-27Tony WiedPurchase$50,001 - $100,000
2025-10-17Gilbert Ray CisnerosPurchase$1,001 - $15,000
2025-10-14Lisa C. McClainSale (Full)$1,001 - $15,000
2025-09-23Val HoyleSale (Full)$1,001 - $15,000
2025-09-19Ro KhannaPurchase$1,001 - $15,000
2025-09-08Michael T. McCaulSale$15,001 - $50,000
2025-08-13Lisa C. McClainPurchase$1,001 - $15,000
2025-08-04Ro KhannaPurchase$1,001 - $15,000
2025-07-14Val HoylePurchase$1,001 - $15,000
2025-07-03James ComerSale (Partial)$1,001 - $15,000
2025-05-29Robert P. BresnahanSale (Full)$1,001 - $15,000
2025-05-12Jefferson ShreveSale (Full)$50,001 - $100,000
2025-04-29Val HoyleSale (Full)$1,001 - $15,000
2025-04-28Michael T. McCaulSale$50,001 - $100,000
2025-04-08Robert P. BresnahanSale (Full)$1,001 - $15,000
2025-04-07Jefferson ShrevePurchase$15,001 - $50,000
2025-04-01Julie JohnsonSale (Full)$1,001 - $15,000
2025-03-27Greg LandsmanSale (Full)$1,001 - $15,000
2025-03-20Lisa C. McClainSale (Full)$1,001 - $15,000
2025-03-20Byron DonaldsPurchase$1,001 - $15,000
2025-03-20Byron DonaldsPurchase$1,001 - $15,000
2025-03-05Jefferson ShreveSale (Full)$15,001 - $50,000
2025-02-13Robert P. BresnahanSale (Full)$1,001 - $15,000
2025-02-12Julie JohnsonPurchase$1,001 - $15,000
2025-01-31Josh S. GottheimerSale (Partial)$1,001 - $15,000
2025-01-30Michael T. McCaulPurchase$50,001 - $100,000
2025-01-28Josh S. GottheimerSale (Partial)$1,001 - $15,000
2025-01-13Robert P. BresnahanSale (Full)$1,001 - $15,000
2025-01-09Michael T. McCaulSale$15,001 - $50,000
2024-12-11Lisa C. McClainPurchase$1,001 - $15,000
2024-12-04Val HoylePurchase$1,001 - $15,000
2024-11-19Michael T. McCaulSale$100,001 - $250,000
2024-10-29Val HoylePurchase$1,001 - $15,000
2024-08-26Michael T. McCaulSale$15,001 - $50,000
2024-08-21Greg LandsmanPurchase$15,001 - $50,000
2024-08-14Greg LandsmanPurchase$1,001 - $15,000
2024-07-29Josh S. GottheimerSale (Partial)$1,001 - $15,000
2024-06-20Michael T. McCaulSale$1,001 - $15,000
2024-06-20Michael T. McCaulSale$15,001 - $50,000
2024-03-25Ro KhannaSale$1,001 - $15,000
2024-03-11Michael T. McCaulPurchase$50,001 - $100,000
2024-03-11Michael T. McCaulPurchase$100,001 - $250,000
2024-01-10Ro KhannaPurchase$1,001 - $15,000
2023-11-01Michael T. McCaulPurchase$15,001 - $50,000
2023-11-01Michael T. McCaulPurchase$15,001 - $50,000
2023-11-01Josh S. GottheimerPurchase$1,001 - $15,000
2023-11-01Michael GuestPurchase$1,001 - $15,000
2023-10-27Michael T. McCaulSale$50,001 - $100,000
2023-10-27Michael T. McCaulSale$100,001 - $250,000
2023-10-16Josh S. GottheimerPurchase$1,001 - $15,000
2023-08-03Ro KhannaPurchase$1,001 - $15,000
2023-07-12Daniel GoldmanSale (Full)$1,001 - $15,000
2023-06-29Ro KhannaSale$15,001 - $50,000
2023-06-21Michael T. McCaulPurchase$15,001 - $50,000
2023-06-21Michael T. McCaulPurchase$15,001 - $50,000
2023-05-23Michael T. McCaulPurchase$15,001 - $50,000
2023-05-23Michael T. McCaulPurchase$15,001 - $50,000
2023-04-10Daniel GoldmanPurchase$1,001 - $15,000
2023-04-05Michael T. McCaulPurchase$100,001 - $250,000
2023-04-05Michael T. McCaulPurchase$50,001 - $100,000
2023-03-27Michael T. McCaulPurchase$15,001 - $50,000
2023-03-27Michael T. McCaulPurchase$15,001 - $50,000
2023-02-16Michael T. McCaulPurchase$50,001 - $100,000
2023-02-16Michael T. McCaulPurchase$50,001 - $100,000
2023-02-10Michael T. McCaulPurchase$50,001 - $100,000
2023-02-10Michael T. McCaulPurchase$50,001 - $100,000
2023-01-31Daniel GoldmanPurchase$1,001 - $15,000
2023-01-11Ro KhannaSale$1,001 - $15,000
2022-09-29Ro KhannaPurchase$1,001 - $15,000
2022-08-01Ro KhannaPurchase$1,001 - $15,000
2022-06-17Ro KhannaSale$1,001 - $15,000
2022-06-16Ro KhannaPurchase$1,001 - $15,000
2022-05-23Ro KhannaSale$1,001 - $15,000
2022-05-10Ro KhannaPurchase$1,001 - $15,000
2022-05-05Ro KhannaSale$15,001 - $50,000
2022-04-21Ro KhannaPurchase$1,001 - $15,000
2022-04-13Ro KhannaPurchase$1,001 - $15,000
2022-04-11Ro KhannaPurchase$15,001 - $50,000
2022-02-14Ro KhannaSale$1,001 - $15,000
2022-01-21Ro KhannaPurchase$1,001 - $15,000
2022-01-20Ro KhannaPurchase$1,001 - $15,000
2020-08-10Dean PhillipsPurchase$1,001 - $15,000
2020-08-07Josh S. GottheimerSale (Full)$1,001 - $15,000
2020-04-13Josh S. GottheimerPurchase$1,001 - $15,000
2019-11-22Dean PhillipsSale (Full)$1,001 - $15,000
2019-11-01Susie LeeSale (Full)$1,001 - $15,000
2019-09-11Susie LeePurchase$1,001 - $15,000
2019-09-11Dean PhillipsPurchase$1,001 - $15,000
2018-11-01Lamar Seeligson SmithPurchase$1,001 - $15,000
2018-08-28Carlos CurbeloPurchase$1,001 - $15,000

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