Overview
- Arista reported a fourth-quarter beat on Feb. 12 and issued better-than-expected guidance for the current quarter.
- Management lifted its 2026 revenue growth outlook to about 25%, up from a prior 20% estimate.
- Deferred revenue climbed to $5.4 billion in Q4 from $4.7 billion in the prior quarter, signaling a robust near-term pipeline.
- Analysts cite a 12‑month median price target of $177.50, implying roughly 33% upside, with most ratings at buy.
- High memory prices and persistent component lead times remain key risks that could weigh on 2026 execution.