ANET vs PANW: Which Is the Better Buy?
Side-by-side comparison of Arista Networks, Inc. and Palo Alto Networks, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-04-22.
Arista Networks, Inc. · Technology
$172.86
+82.8% upside to fair value
Grade C
High Quality
VS
Palo Alto Networks, Inc. · Technology
$174.96
+15.2% upside to fair value
Grade B
High Quality
QuantHub Verdict
ANET has more upside to fair value
(+82.8%).
ANET trades at a lower forward P/E
(61.9x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
ANET |
PANW |
| Current Price |
$172.86 |
$174.96 |
| Fair Value Estimate |
$316.03 |
$201.61 |
| Upside to Fair Value |
+82.8%
|
+15.2%
|
| Market Cap |
$217.7B |
$119.2B |
| Forward P/E |
61.9x
|
94.9x
|
| EV / EBITDA |
54.9x
|
52.4x
|
| Price / Sales |
24.2x
|
12.1x
|
| Price / FCF |
51.2x
|
29.3x
|
| Revenue Growth YoY |
+28.9%
|
+14.9%
|
| Gross Margin |
64.1%
|
73.5%
|
| Operating Margin |
42.8%
|
14.4%
|
| Return on Equity |
31.0%
|
15.5%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
1.95%
|
3.41%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Arista Networks is a leading provider of high-speed data center networking hardware and software, specializing in Ethernet switches and cloud networking solutions. The company benefits from strong revenue growth driven by AI and hyperscale cloud demand, with 28.9% revenue growth and 19.3% earnings growth in the most recent quarter. High margins, including a 64.1% gross margin and 42.8% operating …
Palo Alto Networks is a leading cybersecurity company specializing in AI-driven cloud security platforms, subscription services, and hardware products. The company benefits from a durable competitive moat driven by its platform transformation under CEO Nikesh Arora, with over 50% of revenue from high-margin subscription services growing at 25.6% year-over-year in fiscal 2024. Despite a premium va…
Accumulation Zones
| Metric |
ANET |
PANW |
| Zone Low |
$237.02 |
$151.21 |
| Zone High |
$268.63 |
$171.37 |
| In Buy Zone? |
Yes
|
No
|