Arista Networks Inc. (ANET) Targeting $2.75 Billion AI Revenue on Robust Growth

Core Insights - Arista Networks Inc. is positioned as a strong player in the AI market, with significant growth prospects driven by AI and campus networking initiatives [1] - The company is targeting $2.75 billion in AI-related revenue for the next fiscal year, aiming for a growth rate of 20% [2][3] - Deferred revenue increased by 87% in the third quarter, primarily due to AI data center projects [2] Financial Projections - Arista Networks is targeting 25 to 40 new clients as part of its AI expansion strategy, which includes enterprises and sovereign states [3] - Citi has reiterated a Buy rating on Arista Networks with a price target of $176, projecting a 28% sales growth for fiscal 2026 [4] Product Offerings - The company provides AI networking hardware, including high-speed switches and data center platforms, as well as AI-driven software tools like Arista AVA™ [5]