ANET as of Nov 2 · 09:53 ET

ANETNYSEComputer Communications Equipment

Arista Networks, Inc. · Brief

Next report

1 day

Nov 3 · after closeest.Q3 FY26

Earnings

Expected move

Inputs

±7.8%implied · report alone

155.70182.02

straddle ±8.9%

spot 168.86exp Nov 6ATM strike 170ATM straddle 17.72IV 94%

Oct 30 closereport share · term structure

Expected move

Inputs

Implied vs realized

8 reportsHistory

4 of 8≥ implied

avg implied: ±8.3%
avg realized: ±8.3%

Nov 7 '24±7.1%▼−7.09%×1.00

Feb 18 '25±9.4%▼−6.43%×0.69

May 6 '25±8.3%▼−4.76%×0.58

Q2 FY25±7.8%▲+17.49%×2.23

Q3 FY25±8.2%▼−8.55%×1.04

Q4 FY25±8.8%▲+4.79%×0.54

Q1 FY26±7.8%▼−13.61%×1.75

Q2 FY26±8.8%▲+3.57%×0.40

quarterimplied−20%0+20%realized×

Q2 FY26±8.8%▲+3.57%×0.40

Q1 FY26±7.8%▼−13.61%×1.75

Q4 FY25±8.8%▲+4.79%×0.54

Q3 FY25±8.2%▼−8.55%×1.04

Q2 FY25±7.8%▲+17.49%×2.23

May '25±8.3%▼−4.76%×0.58

2 older reports

Feb '25±9.4%▼−6.43%×0.69

Nov '24±7.1%▼−7.09%×1.00

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Bull & bear

Nov 3 report · est.

Bull0

—

Bear2 of 4

26.00%of revenue from the largest disclosed customerSEC filings

13 of 24of the largest reporting managers cut their stake in the latest quarter13F · Jun 30 '26

AI captions · Sep 16 '26once per report · top 2 per case

Linked exposure

ANET report session

Suppliers 4

AVGOBroadcom×0.55 SANMSanmina×0.44 FLEXFlex×0.43 JBLJabil×0.37

Customers 2

METAMeta Platforms×0.22 MSFTMicrosoft×0.16

× = co-movement · max 501dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 20impliedImplied move: ±9.6% into Nov 3 earnings (Oct 20 close).Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.