ANET Arista Networks
InfrastructurePosition Summary
Shares
32
Avg Price
$135.40
Cost Basis
$4,333
Conviction
8/10
Investment Thesis
#1 data centre Ethernet switching vendor. Zero debt, 42.5% operating margins.
Key Arguments
Bull Case
Dominates data centre switching. 400G/800G upgrade cycle. Every AI cluster needs networking.
Bear Case
Customer concentration (Meta, Microsoft). Premium valuation.
What Would Make Us Sell
Loss of a top-3 customer or market share decline in campus networking.