u/Efficient_Ad5893 · 69d ago2 prior · awaiting results
Arista's deferred revenue is $6.87 billion and growing 69% a year. That number is doing a lot of the heavy lifting for the bull case.
Arista has exceptional forward visibility via $6.87B deferred revenue growing 69% annually, strong Q2 2026 results, and 49.9% operating margins, but a 54-66x forward earnings multiple appears to price in multi-year growth continuation. Significant customer concentration (Microsoft and Meta 26% and 16% of revenue) and potential downside to $190 fair value if growth moderates present offsetting risks.
At post $190.94Now $164.15-14.0% since postedas of Nov 2, 4:15 PM ET
1d+5.9%
3d+2.3%
1w-0.9%
1m+7.7%
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6m—
1y—