Arista Networks stock split: what it means for traders
Arista Networks has become a closely watched name in cloud networking as demand for high-performance data-centre infrastructure continues to grow. Its approach to share structure has evolved alongside this expansion, with stock splits forming part of that journey.
Arista Networks (ANET) is widely followed in cloud networking, supported by demand for high-performance switching and the rapid expansion of AI-driven data-centre infrastructure. As the company has grown, it has adjusted its share structure through a series of forward stock splits. Discussions about potential future actions continue as its valuation evolves.
This article explains how stock splits work, outlines Arista’s past decisions, and summarises the company’s latest performance and forward guidance.
Arista Networks (ANET) live share price
Arista’s share price tends to reflect broader technology-sector sentiment, cloud-spending cycles and quarterly earnings releases. As of 8 December 2025, ANET trades at about $128.6, broadly unchanged from the previous close and more than 20% below its 52-week high of roughly $164.9, reached on 30 October 2025.
The current 52-week range stands at approximately $59–$165. Recent valuation metrics show a trailing price-to-earnings ratio in the low-60s and a market capitalisation close to $190–$200bn. Arista does not currently pay a regular cash dividend.
Past performance is not a reliable indicator of future results.
What is a stock split?
A stock split is a corporate action that increases the number of outstanding shares by issuing additional shares to existing holders at a predetermined ratio. While the number of shares rises, the price per share adjusts proportionally, leaving the overall value of an investor’s position unchanged. A split does not change ownership percentages or the company’s underlying fundamentals.
Instead, it alters only the share count and nominal market price, which may make shares appear more accessible and can support liquidity by increasing the number of tradeable shares.
Arista Networks’s 4-for-1 stock splits in 2021 and 2024
Arista has completed two forward stock splits to date, both at a 4-for-1 ratio:
- 18 November 2021 (4-for-1 forward split): Each pre-split share became four post-split shares.
- 4 December 2024 (4-for-1 forward split): Approved by the board and effective after market close on 3 December, with split-adjusted trading beginning on 4 December.
In each instance, shareholders saw their share count quadruple while the per-share price adjusted accordingly.
Why did Arista Networks conduct a share split?
Arista stated that its 2024 split aimed to make its common stock 'more accessible to a broader base of investors'. As share prices climb, they may appear less approachable for some market participants. A split lowers the nominal per-share price while leaving the company’s market capitalisation unchanged, which can help broaden participation and support smoother trading activity.
Before the 2024 split, ANET traded above $400 per share. The split reduced the nominal price to roughly $105 on a split-adjusted basis, improving perceived accessibility while keeping the total value of each investor’s holdings intact.
A stock split is neutral from a valuation standpoint, but it can support liquidity by increasing the number of shares available in the market.
Will Arista Networks split again in 2026?
As of 8 December 2025, Arista has not announced any further stock splits for 2026. The company’s investor-relations and press-release pages contain no disclosures relating to potential share-structure changes.
Any future action would depend on share-price movements, the board’s preferences and market conditions. Without an official filing or announcement, expectations of a 2026 split remain speculative.
Arista Networks stock split history
| Split date | Ratio | Description |
|---|---|---|
| 18 November 2021 | 4-for-1 | First forward split; each share became four post-split shares. |
| 4 December 2024 | 4-for-1 | Second forward split; shares again split into four, with split-adjusted trading from 4 December 2024. |
Both splits followed periods of strong share-price appreciation and aligned with Arista’s stated objective of improving share accessibility.
Latest earnings: Arista Networks Q3 2025 and year-to-date results
Arista’s 2025 performance has been shaped by sustained demand for high-speed networking products, particularly those supporting AI workloads, cloud hyperscalers and large enterprise customers.
For Q3 2025 (quarter ended 30 September):
- Revenue reached about $2.31bn, representing roughly 27–28% year-on-year growth.
- GAAP net income was approximately $853m, with non-GAAP earnings per diluted share of around $0.75.
- Non-GAAP gross margin stood at roughly 65%, while GAAP operating margin remained in the low-40% range.
These figures reflect strong profitability for a hardware-centric networking firm, supported by customer demand, improved supply-chain conditions and continued investment in next-generation switching architecture.
Across the first three quarters of 2025, Arista generated more than $6.5bn in revenue, significantly higher than the equivalent period in 2024. Year-to-date net margins remained in the high-30% to low-40% range, and operating cash flow stayed robust.
Past performance is not a reliable indicator of future results.
Outlook and upcoming developments
Arista’s guidance for 2025 and its internal long-term expectations provide a structured view of its intended trajectory.
For full-year 2025, the company forecasts revenue of $8.8–$8.9bn, implying mid-20% growth. Gross margins are expected to remain in the low-to-mid-60% range, with operating margins in the low-40% range.
Looking ahead to 2026, Arista anticipates revenue of $10.6–$10.7bn, representing about 20% growth compared with 2025. Operating margins are projected to stay strong, albeit modestly lower, reflecting continued strategic investment.
Key themes in the company’s roadmap include:
- Expansion in high-speed data-centre switching for AI and cloud workloads.
- Development of its 'centre-to-cloud' networking architecture.
- Growth in campus and routing markets, with internal targets suggesting campus revenue could approach $1.25bn in 2026.
- AI-related segments expected to reach multi-billion-dollar annual run-rates by mid-decade.
These expectations reflect Arista’s internal guidance. Actual performance will depend on customer spending cycles, global technology-infrastructure demand and wider market conditions.
Summary
- As of 8 December 2025, ANET trades near $128.6, more than 20% below its 2025 high, with a market value of around $190–$200bn.
- Arista has completed two 4-for-1 stock splits, in 2021 and 2024, aimed at improving share accessibility.
- No further split has been announced for 2026.
- The company’s 2025 results show strong revenue growth, healthy margins and robust cash flow.
- Management targets continued expansion in 2026, supported by data-centre investment, cloud adoption and product development.
Past performance is not a reliable indicator of future results.
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FAQ
When did Arista Networks stock split?
Arista Networks has completed two forward stock splits, both using a 4-for-1 ratio. The first took place on 18 November 2021, followed by the second on 4 December 2024. In each instance, shareholders received three additional shares for every one previously held, while the total value of their investment stayed the same at the moment of the split.
When did the Arista Networks stock split take effect?
For the 2021 split, shareholders of record on 11 November 2021 received their additional shares ahead of trading, which then moved to a split-adjusted basis on or around 18 November 2021. For the 2024 split, the corporate amendment became effective at 4.30pm EST on 3 December 2024. Trading began on a split-adjusted basis from the next market open on 4 December 2024.
Did Arista Networks have a stock split before?
Yes. Arista’s first recorded split was the 4-for-1 forward split in November 2021. The second, also at 4-for-1, followed in December 2024. These two events represent the company’s complete split history so far.
How many times has Arista Networks stock split?
Arista Networks has split its stock twice. Both were forward splits at a 4-for-1 ratio. The company has not carried out any reverse splits.
How much was Arista Networks stock after the split?
Around the December 2024 split, Arista’s share price adjusted from roughly $421.72 before the split to about $105.43 afterwards, reflecting the quartering effect of the 4-for-1 ratio. On some international trading venues, split-adjusted prices were displayed in the high-$90 range, consistent with the proportional adjustment.
Past performance is not a reliable indicator of future results.
Why did Arista Networks split its stock?
Arista stated that the 2021 and 2024 forward stock splits were intended to make its common stock more accessible to a broader range of investors. A lower nominal share price can support perceived affordability and may help improve market liquidity. The mechanics of the split increased the number of authorised shares and issued three additional shares for every one held, while the total value of each investor’s position remained unchanged.
Will Arista Networks split again?
As at 8 December 2025, Arista Networks has not announced any further stock splits. Any decision would depend on the board’s approval, developments in the share price and wider market conditions. There is no public guidance indicating that another split is currently planned.
What was the most recent Arista Networks stock split date?
The most recent split took effect for trading on 4 December 2024, following the corporate amendment that became effective late on 3 December 2024.
Can you trade Arista Networks CFDs on Capital.com?
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