Arista Networks Buy Opportunity After AI Dip

Arista Networks raised FY2026 guidance twice, driven by growing purchase commitments and expanding interconnect TAM. The recent correction pushed the P/E to 45.74x and 3Y PEG to 2.06x. With $12.34B net cash, zero debt, and share repurchases, the author reiterates a Buy between $140s and $119s.