Arista Networks (ANET) vs Cloudflare (NET)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Cloudflare (NET) has outperformed Arista Networks (ANET) over the past year, gaining 55.4% versus a gain of 48.6%. Over five years, ANET leads with a +786.0% price change compared with +103.9% for NET. Arista Networks is the larger company by market cap ($266.08 billion vs $121.74 billion), about 2.2 times the size, while Cloudflare is growing revenue faster (+29.8% vs +28.6%).
On valuation, Arista Networks trades at a lower forward P/E (40.6x vs 204.0x for Cloudflare). Arista Networks converts more of its revenue into profit, with a net margin of 39.0% versus -4.7%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ANET | NET |
|---|---|---|
| Share price | $210.97 | $341.89 |
| Market cap | $266.08B | $121.74B |
| 1-day change | -2.25% | -0.31% |
| YTD return | +64.72% | +73.42% |
| 1-year return | +48.55% | +55.40% |
| 5-year return | +785.96% | +103.88% |
| P/E ratio (TTM) | 66.55 | — |
| Forward P/E | 40.56 | 203.97 |
| EPS (TTM) | $3.17 | $-0.58 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $9.01B | $2.17B |
| Revenue growth (YoY) | +28.60% | +29.85% |
| Net income (latest FY) | $3.51B | $-102.27M |
| Gross margin | 64.06% | 74.51% |
| Operating margin | 42.82% | -9.56% |
| Net margin | 38.99% | -4.72% |
| 52-week high | $217.32 | $370.35 |
| 52-week low | $114.52 | $158.83 |
| Distance from 52-week high | -2.92% | -7.68% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +14.97% | -0.64% |
| Average volume | 6.23M | 3.33M |
| Shares outstanding | 1.26B | 322.62M |
| Employees | 5,115 | 5,156 |
| Sector | Telecommunications | Technology |
| Industry | Computer Communications Equipment | Computer Software: Prepackaged Software |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Arista Networks is about 2.2 times larger than Cloudflare by market value ($266.08B vs $121.74B).
- Arista Networks is more profitable, keeping 39.0 cents of every revenue dollar as net income versus -4.7 cents for Cloudflare.
- The two companies sit in different sectors: Arista Networks in Telecommunications and Cloudflare in Technology.
About Arista Networks
ANET stock →Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for AI, data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
Telecommunications · Computer Communications Equipment · 5,115 employees
About Cloudflare
NET stock →Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide.
Technology · Computer Software: Prepackaged Software · 5,156 employees
ANET vs NET FAQ
Which is bigger, Arista Networks or Cloudflare?
Arista Networks (ANET) is larger, with a market capitalization of $266.08B compared with $121.74B for Cloudflare (NET).
Which stock has performed better over the past year, ANET or NET?
NET returned +55.40% over the past 12 months, compared with +48.55% for ANET (price return, excluding dividends). Past performance does not predict future results.
Are Arista Networks and Cloudflare in the same industry?
No. Arista Networks is in the Telecommunications sector, while Cloudflare is in Technology.