ANET
Arista Networks, Inc.
ANET has lower modeled downside risk, despite its lower overall score.
ZETA
Zeta Global Holdings Corp.
ZETA has a slight edge over ANET overall, supported by stronger valuation.
ANET Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
ANET's revenue, profitability, cash flow and balance sheet are all currently strong.
ZETA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Strong | |
| Healthy |
ZETA's revenue, profitability, cash flow and balance sheet are all currently healthy.
ANET PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 31x | $115 | -44% |
| Forward | 36x | $207 | — |
| Fair | 40x | $147 | -29% |
| Expensive | 52x | $194 | -6% |
| Current | 56x | $207 | — |
Historical ranges are pointers, not guarantees.
ANET's PE is in its expensive range at 56x. If earnings grow as analysts expect, today's price would be 36x next year's earnings, in its fair range.
ZETA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 29x | $37.27 | — |
| Current | 248x | $37.27 | — |
| Cheap | N/A | N/A | N/A |
| Fair | N/A | N/A | N/A |
| Expensive | N/A | N/A | N/A |
Historical ranges are pointers, not guarantees.
ZETA has the edge over ANET in the historical PE scenario, which offers more potential upside but is not a forecast.
ANET Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for ANET, with profitability improving.
ZETA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for ZETA, with profitability improving. However, they disagree widely on these estimates.
ANET Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.67 | +53% |
| Q3 2026 | $3.71 | +41% |
| Q2 2026 | $3.16 | +24% |
| Q1 2026 | $2.91 | +23% |
| Q4 2025 | $2.75 | +23% |
| Q3 2025 | $2.64 | +27% |
| Q2 2025 | $2.55 | +32% |
| Q1 2025 | $2.37 | +32% |
| Q4 2024 | $2.23 | +35% |
ANET's earnings per share have climbed steadily: $3.71 over the past year, up 41% from the year before, and higher year over year for 21 quarters in a row.
ZETA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.27 | +748% |
| Q3 2026 | $0.15 | +$0.23 |
| Q2 2026 | -$0.01 | +$0.14 |
| Q1 2026 | -$0.10 | +$0.15 |
| Q4 2025 | -$0.14 | +$0.24 |
| Q3 2025 | -$0.08 | +$0.61 |
| Q2 2025 | -$0.15 | +$0.72 |
| Q1 2025 | -$0.25 | +$0.80 |
| Q4 2024 | -$0.38 | +$0.82 |
ZETA has returned to profit: it earned $0.15 per share over the past year, after losing money the year before.
ANET Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.7B | +58% |
| Q2 2026 | $3B | +38% |
| Q1 2026 | $2.7B | +35% |
| Q4 2025 | $2.5B | +29% |
| Q3 2025 | $2.3B | +27% |
| Q2 2025 | $2.2B | +30% |
| Q1 2025 | $2B | +28% |
| Q4 2024 | $1.9B | +25% |
ANET's revenue has grown year over year every quarter since late 2020: $3.7B last quarter, up 58% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 45% | +2.5 points |
| Q2 2026 | 45% | +0.7 points |
| Q1 2026 | 43% | -0.1 points |
| Q4 2025 | 42% | +0.1 points |
| Q3 2025 | 42% | -1 points |
| Q2 2025 | 45% | +3.3 points |
| Q1 2025 | 43% | +0.8 points |
| Q4 2024 | 41% | -0.1 points |
ANET has the edge over ZETA on profitability, with a higher operating margin.
ZETA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $492.7M | +46% |
| Q2 2026 | $442.8M | +44% |
| Q1 2026 | $396.3M | +50% |
| Q4 2025 | $394.6M | +25% |
| Q3 2025 | $337.2M | +26% |
| Q2 2025 | $308.4M | +35% |
| Q1 2025 | $264.4M | +36% |
| Q4 2024 | $314.7M | +50% |
ZETA has the edge over ANET on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.3% | +6.7 points |
| Q2 2026 | 3.8% | +5.5 points |
| Q1 2026 | -4.8% | +1.3 points |
| Q4 2025 | 4.5% | +2.3 points |
| Q3 2025 | 2.6% | +7.2 points |
| Q2 2025 | -1.7% | +10 points |
| Q1 2025 | -6.1% | +12 points |
| Q4 2024 | 2.2% | +17 points |
ZETA's operating margin was 9.3% last quarter, up 6.7 points from the same quarter a year ago, near the top of its range since 2020.
ANET Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.1B | -11% |
| Q2 2026 | $1.1B | -10% |
| Q1 2026 | $1.6B | +167% |
| Q4 2025 | $1.2B | +20% |
| Q3 2025 | $1.2B | +6.1% |
| Q2 2025 | $1.2B | +19% |
| Q1 2025 | $613.3M | +22% |
| Q4 2024 | $1B | +96% |
ANET's free cash flow has been positive every quarter for seven years: $5B over the past year, up 24% from the year before.
ZETA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $88.3M | +68% |
| Q2 2026 | $64.4M | +62% |
| Q1 2026 | $46.7M | +46% |
| Q4 2025 | $60.9M | +72% |
| Q3 2025 | $52.4M | +78% |
| Q2 2025 | $39.7M | +63% |
| Q1 2025 | $32.1M | +70% |
| Q4 2024 | $35.4M | +66% |
ZETA has the edge over ANET on cash flow, with more consistent year-over-year improvement.
ANET Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +2.2M shares |
| 1 year | +0.1% | +1.6M shares |
| 3 years | +0.6% | +7.7M shares |
| 5 years | 0% | -344K shares |
| Available history | -1.2% | -15.9M shares |
ANET has the edge over ZETA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $620.1M |
| Q3 2025 | — |
| Q2 2025 | $195.9M |
| Q1 2025 | $787.1M |
| Q4 2024 | $123.8M |
ANET spent $620M buying back its own shares over the past year, down 44% from the year before.
ZETA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.1% | +8M shares |
| 1 year | +19% | +42.2M shares |
| 3 years | +67% | +107M shares |
| 5 years | +417% | +213M shares |
| Available history | +712% | +232M shares |
ZETA has 265M diluted shares, up 19% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
ANET Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.4x | Net Cash |
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
| Q4 2025 | -0.5x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -0.6x | Net Cash |
| Q1 2025 | -0.6x | Net Cash |
| Q4 2024 | -0.9x | Net Cash |
ANET has more cash than debt.
ZETA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | -1.1x | Net Cash |
| Q4 2025 | -1.6x | Net Cash |
| Q3 2025 | -3.0x | Net Cash |
| Q2 2025 | -4.5x | Net Cash |
| Q1 2025 | -14.1x | Net Cash |
ZETA has the edge over ANET on leverage, with a lower net debt burden relative to earnings.
ANET Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.9 | Neutral |
| Stochastic | 40.9 | Neutral |
ANET's weekly RSI is 60 (neutral) and its Stochastic is 41 (neutral).
ZETA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 70.3 | Overbought |
| Stochastic | 75.8 | Neutral |
ZETA's weekly RSI is 70 (overbought) and its Stochastic is 76 (neutral).
ANET PE vs Technology Sector
| Metric | ANET | Sector median | Relative |
|---|---|---|---|
| PE | 56x | 28x | 100% above |
| PE % | 91 | 35 | 56 pts above |
ANET is trading at 56x earnings, a 100% premium to the Technology sector's median of 28x.
ZETA PE vs Technology Sector
ANET Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $190.8 | 8.3% above |
| 20 week MA | $188.0 | 9.9% above |
| 50 week MA | $160.7 | 29% above |
| 100 week MA | $136.6 | 51% above |
| 200 week MA | $99.6 | 107% above |
ANET is in an uptrend: it's above all five of its weekly moving averages, and 107% above its 200-week average.
ZETA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $32.6 | 15% above |
| 20 week MA | $28.6 | 30% above |
| 50 week MA | $22.6 | 65% above |
| 100 week MA | $19.7 | 89% above |
| 200 week MA | $16.7 | 123% above |
ZETA is in an uptrend: it's above all five of its weekly moving averages, and 123% above its 200-week average.
ANET Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.8 | $18.1 | +41% |
| 2021 | $18.1 | $35.5 | +96% |
| 2022 | $35.5 | $29.9 | -16% |
| 2023 | $29.9 | $58.9 | +97% |
| 2024 | $58.9 | $113.0 | +92% |
| 2025 | $113.0 | $131.8 | +17% |
| 2026 YTD | $131.8 | $206.6 | +57% |
ANET has finished higher in five of the last six years, three of them by more than 50%. It's up 57% so far in 2026.
ZETA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $8.27 | $8.40 | +1.6% |
| 2022 | $8.40 | $8.21 | -2.3% |
| 2023 | $8.21 | $8.82 | +7.4% |
| 2024 | $8.82 | $17.7 | +100% |
| 2025 | $17.7 | $20.7 | +17% |
| 2026 YTD | $20.7 | $37.3 | +80% |
ZETA has the edge over ANET on returns for 2026, with the stronger performance.