Arista Networks (ANET) Stock May Be Near Fair Value Today

Arista Networks has seen its stock climb sharply in recent years, and that kind of move naturally raises a question for investors who care about cash generation. With the price now reflecting a long run of optimism, the issue is whether the business is producing the cash flows that can support today’s valuation. Over the past 5 years, Arista Networks has delivered a very large share price gain that puts a lot of weight on the durability and value of its future cash flows. Ongoing investment...