ANET vs. NOK: Arista Networks vs. Nokia Stock Comparison

November 11, 2026

How do Arista Networks (ANET) and Nokia (NOK) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Arista Networks (ANET) and Nokia (NOK) are both classified in the Communications Equipment sub-industry within the broader Communications Equipment industry, placing them in the closest GICS peer bucket.

Arista Networks (ANET) trades as ordinary local shares, while Nokia (NOK) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Arista Networks (ANET) and Nokia (NOK)
Profile Item	ANET	NOK
Name	Arista Networks Inc.	Nokia Corporation Sponsored ADR
Country/Region	United States	Finland
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Communications Equipment	Communications Equipment
GICS Sub-Industry	Communications Equipment	Communications Equipment
Market Capitalization	215.79 billion USD	43.35 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 6, 2014	July 1, 1994
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

ANET

NOK

GSPC

Arista Networks (ANET) vs. Nokia (NOK), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Arista Networks (ANET) and Nokia (NOK). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Arista Networks (ANET) and Nokia (NOK). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Arista Networks (ANET) and Nokia (NOK)
Metric	ANET	NOK
Total Return (1Y)	38.40%	19.81%
Total Return (3Y, Annualized)	52.15%	36.27%
Total Return (5Y, Annualized)	41.19%	9.52%

Risk Profile

Drawdown History

ANET

NOK

GSPC

Arista Networks (ANET) vs. Nokia (NOK), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for Arista Networks (ANET) and Nokia (NOK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Arista Networks (ANET) and Nokia (NOK)
Metric	ANET	NOK
Volatility (1Y, Annualized)	56.66%	62.40%
Beta (5Y)	1.60	1.24
Max Drawdown (5Y)	-50.42%	-55.73%
Avg. Volume (3M)	6.09M	77.91M

Risk-Adjusted Performance

Risk-Return Positioning

ANET and NOK are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Arista Networks (ANET) and Nokia (NOK)
Metric	ANET	NOK
Sharpe Ratio (1Y)	0.60	0.25
Sortino Ratio (1Y)	0.87	0.35

Profitability

ROE (TTM)

Arista Networks (ANET) at 33.52% sits in the top ROE quartile, while Nokia (NOK) at 3.88% is closer to the peer norm — stronger capital efficiency for ANET.

ANET

Technology Hardware & Equipment industry group

33.52%

Max: 42.47%
ANET: 33.52%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

NOK

Technology Hardware & Equipment industry group

3.88%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
NOK: 3.88%
Q1: 1.63%
Min: -20.62%

Arista Networks (ANET) vs. Nokia (NOK): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

Arista Networks (ANET) at 39.97% converts revenue to bottom-line profit above its industry’s benchmark range, while Nokia (NOK) at 3.75% keeps roughly the typical share for its industry.

ANET

Technology Hardware & Equipment industry group

39.97%

ANET: 39.97%
Max: 27.60%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

NOK

Technology Hardware & Equipment industry group

3.75%

Max: 27.60%
Q3: 11.66%
Median: 4.08%
NOK: 3.75%
Q1: 0.00%
Min: -11.02%

Arista Networks (ANET) vs. Nokia (NOK): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

Arista Networks (ANET) at 44.90% turns sales into operating profit above its industry’s benchmark range, while Nokia (NOK) at 10.81% operates around its industry’s norm.

ANET

Technology Hardware & Equipment industry group

44.90%

ANET: 44.90%
Max: 36.27%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

NOK

Technology Hardware & Equipment industry group

10.81%

Max: 36.27%
Q3: 18.36%
NOK: 10.81%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

Arista Networks (ANET) vs. Nokia (NOK): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Arista Networks (ANET) and Nokia (NOK)
Metric	ANET	NOK
ROE (TTM)	33.52%	3.88%
ROA (TTM)	15.04%	3.49%
Net Margin (TTM)	39.97%	3.75%
Operating Margin (TTM)	44.90%	10.81%
Gross Margin (TTM)	62.88%	45.43%

Growth

Revenue Growth

Arista Networks (ANET) at 28.60% sits in the top revenue growth quartile, while Nokia (NOK) at 3.48% is closer to the peer norm — faster top-line expansion for ANET.

Arista Networks (ANET) vs. Nokia (NOK): A comparison of their Revenue Growth across different time periods.

EPS Growth

Arista Networks (ANET) at 23.32% is around its peer norm for EPS growth, while Nokia (NOK) at -47.83% drops into the bottom quartile, signaling weaker earnings momentum.

Arista Networks (ANET) vs. Nokia (NOK): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Arista Networks (ANET) and Nokia (NOK)
Metric	ANET	NOK
Revenue Growth (YoY)	28.60%	3.48%
Revenue Growth (3Y CAGR)	27.15%	-5.76%
EPS Growth (YoY)	23.32%	-47.83%
EPS Growth (3Y CAGR)	37.08%	-45.71%

Financial Strength

Current Ratio (MRQ)

Nokia (NOK) at 1.46 keeps current ratio within its industry’s typical mid-range, while Arista Networks (ANET) at 3.29 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

ANET

Technology Hardware & Equipment industry group

3.29

Max: 5.34
ANET: 3.29
Q3: 3.02
Median: 1.95
Q1: 1.32
Min: 0.17

NOK

Technology Hardware & Equipment industry group

1.46

Max: 5.34
Q3: 3.02
Median: 1.95
NOK: 1.46
Q1: 1.32
Min: 0.17

Arista Networks (ANET) vs. Nokia (NOK): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Nokia (NOK) carries debt-to-equity ratio of 0.16 against its industry range, while Arista Networks (ANET) reports no figure this period.

ANET

Technology Hardware & Equipment industry group

Max: 1.76
Q3: 0.78
Median: 0.24
Q1: 0.04
Min: 0.01
ANET: --

NOK

Technology Hardware & Equipment industry group

0.16

Max: 1.76
Q3: 0.78
Median: 0.24
NOK: 0.16
Q1: 0.04
Min: 0.01

Arista Networks (ANET) vs. Nokia (NOK): ANET does not report debt-to-equity ratio, so it has no value marker; NOK is benchmarked against the Technology Hardware & Equipment industry group.

Financial Strength Metrics

Financial strength metrics for Arista Networks (ANET) and Nokia (NOK)
Metric	ANET	NOK
Current Ratio (MRQ)	3.29	1.46
Debt / Equity (MRQ)	--	0.16
Net Debt / EBITDA	-2.71	-0.59

Dividends

Dividend Yield (TTM)

Arista Networks (ANET) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Nokia (NOK) reports a yield of 1.88%, ranking against industry peers normally.

ANET

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
ANET: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

NOK

Technology Hardware & Equipment industry group

1.88%

NOK: 1.88%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Arista Networks (ANET) vs. Nokia (NOK): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Nokia (NOK) reports payout ratio above 100% at 100.17%, meaning dividends exceeded current-period earnings; Arista Networks (ANET) pays no dividend (payout 0.00%).

ANET

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
ANET: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

NOK

Technology Hardware & Equipment industry group

100.17%

NOK: 100.17%
Max: 32.27%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Arista Networks (ANET) vs. Nokia (NOK): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Arista Networks (ANET) and Nokia (NOK)
Metric	ANET	NOK
Dividend Yield (TTM)	0.00%	1.88%
Dividend Payout Ratio (TTM)	0.00%	100.17%

Valuation

P/E Ratio (TTM)

Both Arista Networks (ANET) at 45.79 and Nokia (NOK) at 47.88 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

ANET

Technology Hardware & Equipment industry group

45.79

Max: 69.48
ANET: 45.79
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07

NOK

Technology Hardware & Equipment industry group

47.88

Max: 69.48
NOK: 47.88
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07

Arista Networks (ANET) vs. Nokia (NOK): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

Nokia (NOK) at 2.08 prices around its industry’s typical P/S ratio, while Arista Networks (ANET) at 18.15 clears its benchmark range — ANET looks notably rich on sales.

ANET

Technology Hardware & Equipment industry group

18.15

ANET: 18.15
Max: 11.30
Q3: 5.82
Median: 2.56
Q1: 1.05
Min: 0.00

NOK

Technology Hardware & Equipment industry group

2.08

Max: 11.30
Q3: 5.82
Median: 2.56
NOK: 2.08
Q1: 1.05
Min: 0.00

Arista Networks (ANET) vs. Nokia (NOK): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

Nokia (NOK) at 1.82 sits near its industry’s typical P/B ratio, while Arista Networks (ANET) at 13.12 prices above its benchmark range — ANET looks rich relative to book.

ANET

Technology Hardware & Equipment industry group

13.12

ANET: 13.12
Max: 10.75
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

NOK

Technology Hardware & Equipment industry group

1.82

Max: 10.75
Q3: 5.52
Median: 3.17
NOK: 1.82
Q1: 1.79
Min: 0.33

Arista Networks (ANET) vs. Nokia (NOK): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Arista Networks (ANET) and Nokia (NOK)
Metric	ANET	NOK
P/E Ratio (TTM)	45.79	47.88
P/S Ratio (TTM)	18.15	2.08
P/B Ratio (MRQ)	13.12	1.82
Free Cash Flow Yield (TTM)	1.39%	2.98%