Key Takeaways IBM is gaining from strong hybrid cloud and AI demand, boosted by its Red Hat and HashiCorp offerings.ANET leads in high-performance Ethernet switches and cloud-native solutions but faces margin pressure.IBM trades at a lower forward P/E of 25.5 vs. ANET's 39.67, giving it an edge on valuation for 2026.Arista Networks, Inc. (ANET) and International Business Machines Corporation (IBM) are leading players in the enterprise and data-center networking space, focusing on infrastructure vital to clo ...