Yes, First Trust Cloud Computing ETF (SKYY) holds ANET with 4.04% (as of 2026-08-18).

Arista Networks, Inc. (ANET) is held by SKYY (4.04%).

What AI bubble is ANET in?

Arista Networks, Inc. (ANET) is mapped to the Networking / Optical bubble on QuantAbundancia. Datacenter switching leader.

What sector is ANET in?

Arista Networks, Inc. is classified under GICS Information Technology (Communications Equipment).

What is ANET's last close price?

ANET last closed at $187.61 on 2026-08-19.

ANET

NYSENext earnings·Nov 3AnalystsStrong Buy·27+29%

Arista Networks, Inc.

Information Technology · Communications Equipment

$187.61last close

+41.3%~252d

Price

+41.29% over 1Y

Tese

em 2026-08-18

Datacenter switching + AI Ethernet fabric leader for hyperscalers (META anchor >20% rev historically, MSFT major). Multi-year ascending channel $30 → $185.30, recent overthrow rejected sharply back to 200d SMA test. Pristine fundamentals: 35.1% rev growth, 42.7% op margin, zero debt, 31.5% ROE. Q1 FY26 2026-08-04.

•2025 → 2026-05 - Channel overthrow rejection: stock ran $30 → $185.30 high inside multi-year ascending channel; recent rejection above the upper trendline, sharp reversal to $141.75 (~24% drawdown in days) on heavy volume
•Customer concentration: META historically >20% of revenue (anchor per multi-year 10-K disclosures); MSFT major hyperscaler customer; ORCL Stargate consortium exposure as the AI infrastructure buildout scales
•Product line: EOS network OS, datacenter / cloud / AI networking, Etherlink AI fabric portfolio (800G shipping); positioned in the AI Ethernet camp vs InfiniBand (NVDA-led)
•Competitive: incumbents CSCO + JNPR (post-HPE acquisition) losing DC share; ANET's pure-play software-driven model + EOS state-sharing OS is the differentiator
•Snapshot 2026-05-07: spot $141.75 (down from $185.30 52w high), mcap ~$178.49B, fwd PE 32.1, P/S 18.4, EV/EBITDA 40.7. Op margin 42.7%, gross margin 63.5%, ROE 31.5%, total debt ZERO, $9.82 cash/share. 52w range $83.86 - $179.80, beta 1.67, avg vol 8.0M shares
•Setup tension: pristine fundamentals + primary networking-optical bubble status (weight 1.0, "Datacenter switching leader") vs heavy-volume distribution candle from a parabolic top; chart-entry verdict 2026-05-07 was WAIT pending 4H reclaim of the 50d SMA before the dip becomes the trade
•Next earnings: 2026-08-04 (Q1 FY26). yfinance consensus: EPS $0.88, revenue $2.82B. 89d out - no near-term catalyst risk

Analyze ANET· interactive tools

Bubbles· capital-flow co-movement

Themes· editorial groupings

Conviction· in 2 watchlists

Top correlated· 252d co-movement

0.59
0.56
0.53

Frequently asked questions

Is ANET in SKYY?: Yes, First Trust Cloud Computing ETF (SKYY) holds ANET with 4.04% (as of 2026-08-18).
What ETFs hold ANET?: Arista Networks, Inc. (ANET) is held by SKYY (4.04%).
What AI bubble is ANET in?: Arista Networks, Inc. (ANET) is mapped to the Networking / Optical bubble on QuantAbundancia. Datacenter switching leader.
What sector is ANET in?: Arista Networks, Inc. is classified under GICS Information Technology (Communications Equipment).
What is ANET's last close price?: ANET last closed at $187.61 on 2026-08-19.

ANET

Price

Tese

Analyze ANET· interactive tools

Bubbles· capital-flow co-movement

Themes· editorial groupings

Conviction· in 2 watchlists

Top correlated· 252d co-movement

Frequently asked questions

Related research· long-form analysis touching ANET

Recent news· high-signal only

Held by ETFs

Key levels

Facts