ANET vs CRDO Stock Comparison: AI Score, Valuation, Performance and Upside
ANET and CRDO both benefit from AI networking but are very different investments. Arista is a large, profitable systems company whose software creates real switching costs and whose results are already substantial. Credo is a much smaller chip designer selling connectivity components that solve link reliability inside AI racks, growing far faster but with heavy customer concentration and a valuation that requires that growth to persist.
Use this ANET vs CRDO comparison to be clear about the scale and concentration you are taking on. Arista's risk is the premium you pay for a proven franchise with a few very large customers. Credo's risk is that a single design loss or a hyperscaler switching to a competing solution could reset the growth trajectory abruptly.
CRDO holds the edge across 3 of 5 key metrics in this comparison. CRDO leads on both 1-year return (+45.56%) and forward P/E quality (17.21x vs 38.68x for ANET), a relatively favorable combination of momentum and valuation. On fundamentals, CRDO is growing revenue faster (157.00%), while ANET maintains the higher operating margin (45.39%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for CRDO (+67.71%) than for ANET (+20.77%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want established, profitable AI networking exposure
- Value software differentiation and a strong balance sheet
- Prefer a large, liquid company with a long operating record
- Accept a premium multiple for proven execution
- Want higher-growth exposure to AI rack-level connectivity
- Believe active electrical cables and retimers will keep gaining share
- Accept severe customer concentration risk
- Can tolerate sharp drawdowns if growth expectations are not met
| Metric | ANET | CRDO |
|---|---|---|
| AI scorei | 75.2 | 59.7 |
| AI ranki | #22 | #149 |
| Latest closei | $206.55 | $210.97 |
| 1M returni | +2.13% | -6.85% |
| 6M returni | +71.03% | +121.51% |
| 1Y returni | +44.81% | +45.56% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | ANET | CRDO |
|---|---|---|
| 1Y ago | $14.44K (+44.4%) started 2025-09-25 | $14.56K (+45.6%) started 2025-09-25 |
| 5Y ago | $92.63K (+826.3%) started 2021-09-27 | $181.09K (+1710.9%) started 2022-01-27 |
| 10Y ago | $388.39K (+3783.9%) started 2016-09-26 | $181.09K (+1710.9%) started 2022-01-27 |
Hypothetical — past performance does not guarantee future results.
| Metric | ANET | CRDO |
|---|---|---|
| Market capi | $251.73B | $31.13B |
| Trailing P/Ei | 63.36 | 66.26 |
| Forward P/Ei | 38.68 | 17.21 |
| Price/Salesi | 16.42 | N/A |
| EV/Revenuei | 22.61 | 27.80 |
| Analyst targeti | $241.04 | $277.81 |
| Target upsidei | +20.77% | +67.71% |
| Metric | ANET | CRDO |
|---|---|---|
| Revenue growthi | 37.70% | 157.00% |
| Earnings growthi | 35.70% | 343.20% |
| EPS growthi | +35.70% | +343.20% |
| FCF margini | +36.92% | +18.79% |
| Operating margini | 45.39% | 35.66% |
| Profit margini | 38.37% | 35.37% |
| ROIC proxyi | 31.48% | 34.41% |
| Return on equityi | 31.48% | 34.41% |
| Dividend yieldi | N/A | N/A |
| Payout ratioi | 0.00% | 0.00% |
| Dividend growth streaki | N/A | N/A |
| Betai | 1.62 | 3.23 |
| Debt/equityi | 0.73 | 1.23 |
| Current ratioi | 2.96 | 10.15 |
| Quick ratioi | 2.29 | 8.51 |
Over the past year, ANET and CRDO have moved moderately in the same direction (correlation of 0.47), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | ANET | CRDO |
|---|---|---|---|
| 1Y | Growthi | +44.38% | +45.56% |
| CAGRi | +44.46% | +45.59% | |
| Volatilityi | 54.05% | 95.61% | |
| Sharpe ratioi | 0.87 | 0.83 | |
| Sortino ratioi | 1.26 | 1.22 | |
| Max drawdowni | 28.33% | 53.59% | |
| Current drawdowni | 1.88% | 30.26% | |
| Avg drawdowni | 11.66% | 21.55% | |
| Ulcer Indexi | 13.95% | 26.36% | |
| Max daily dropi | 13.61% | 20.04% | |
| Max wkly dropi | 20.97% | 31.66% | |
| 5Y | Growthi | +826.26% | +1710.90% |
| CAGRi | +56.15% | +86.19% | |
| Volatilityi | 48.83% | 82.92% | |
| Sharpe ratioi | 1.07 | 1.12 | |
| Sortino ratioi | 1.60 | 1.70 | |
| Max drawdowni | 50.42% | 62.04% | |
| Current drawdowni | 1.88% | 30.26% | |
| Avg drawdowni | 11.59% | 19.75% | |
| Ulcer Indexi | 15.68% | 25.49% | |
| Max daily dropi | 22.35% | 46.80% | |
| Max wkly dropi | 20.97% | 51.50% | |
| 10Y | Growthi | +3783.89% | +1710.90% |
| CAGRi | +44.20% | +86.19% | |
| Volatilityi | 45.57% | 82.92% | |
| Sharpe ratioi | 0.94 | 1.12 | |
| Sortino ratioi | 1.37 | 1.70 | |
| Max drawdowni | 52.20% | 62.04% | |
| Current drawdowni | 1.88% | 30.26% | |
| Avg drawdowni | 13.50% | 19.75% | |
| Ulcer Indexi | 18.30% | 25.49% | |
| Max daily dropi | 24.23% | 46.80% | |
| Max wkly dropi | 24.17% | 51.50% |
| Category | ANET | CRDO |
|---|---|---|
| Company | Arista Networks, Inc. | Credo Technology Group Holding Ltd |
| Sector | Technology | Technology |
| Industry | Computer Hardware | Semiconductors |
| Core business | Supplier of high-speed Ethernet switching systems and the EOS network operating system for cloud, AI, and enterprise data centre networks, plus campus networking. | Designs high-speed connectivity products for AI and cloud data centres, including active electrical cables, retimers, optical DSPs, and licensable SerDes intellectual property that improves link reliability at very high data rates. |
| Investor focus | AI cluster deployments, hyperscaler concentration, gross margin trends, and enterprise expansion. | Customer concentration and design win breadth, active electrical cable volume ramp, gross margin mix between products and IP, and competitive response from larger chipmakers. |
- Established, highly profitable franchise with a software moat across its platform range
- Central position as Ethernet wins AI back-end networking
- Large scale, strong cash generation, and no meaningful debt
- Active electrical cables address a real reliability problem in dense AI racks, where link failures stall training jobs
- Growing far faster than established networking companies from a much smaller base
- SerDes intellectual property licensing carries very high margins
- Concentrated hyperscale customer base
- AI mix can dilute gross margins
- Large cloud operators developing in-house switching
- Extremely concentrated customer base, where losing one large programme would be severe
- Competes against much larger connectivity chip suppliers with deeper resources
- Valuation embeds high growth expectations, leaving little room for a soft quarter
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