ANET vs NOW: Which Is the Better Buy?
Side-by-side comparison of Arista Networks, Inc. and ServiceNow, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-24.
Arista Networks, Inc. · Technology
$203.47
+15.4% upside to fair value
Med Conviction
Grade C
High Quality
VS
ServiceNow, Inc. · Technology
$139.82
+16.2% upside to fair value
Med Conviction
Grade A-
High Quality
QuantHub Verdict
NOW has more upside to fair value
(+16.2%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
ANET |
NOW |
| Current Price |
$203.47 |
$139.82 |
| Fair Value Estimate |
$234.80 |
$162.50 |
| Upside to Fair Value |
+15.4%
|
+16.2%
|
| Market Cap |
$256.2B |
$144.6B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
49.7x
|
43.1x
|
| Price / Sales |
24.3x
|
9.8x
|
| Price / FCF |
49.7x
|
31.5x
|
| Revenue Growth YoY |
+37.7%
|
+24.0%
|
| Gross Margin |
63.0%
|
74.8%
|
| Operating Margin |
43.1%
|
11.4%
|
| Return on Equity |
30.8%
|
13.8%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
2.01%
|
3.17%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Arista Networks designs and sells high-performance Ethernet switching and routing hardware plus its extensible EOS network operating system, and it sits directly in the path of the AI data-center build-out where networking, not compute, is increasingly the bottleneck. The business quality is genuinely high: TTM gross margin of 63.0%, TTM operating margin of 43.1%, TTM net margin of 38.4%, and ROE…
ServiceNow provides a cloud-based enterprise workflow platform spanning IT service management, operations, employee workflows, CRM, AI orchestration and security. Business quality is high because its common data model, deeply embedded workflows and cross-department deployments create meaningful switching costs, while roughly 90% of the Fortune 500 use the platform and more than 85 billion workflo…
Accumulation Zones
| Metric |
ANET |
NOW |
| Zone Low |
$176.10 |
$121.88 |
| Zone High |
$199.58 |
$138.12 |
| In Buy Zone? |
No
|
No
|