Arista Networks (ANET) closed the latest trading day at $259.27, indicating a -1.33% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.58%. Elsewhere, the Dow saw a downswing of 0.12%, while the tech-heavy Nasdaq depreciated by 1.15%.The cloud networking company's shares have seen a decrease of 8.42% over the last month, not keeping up with the Computer and Technology sector's loss of 0.47% and the S&P 500's loss of 1.09%.The upcoming earnings release o ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Arista Networks (ANET) , which belongs to the Zacks Communication - Components industry.When looking at the last two reports, this cloud networking company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 18.73%, on average, in the last two quarters.For the most recent quarter, Arista Networks was expected to ...

If a start-up or renowned company doesn’t make money, it won’t last long. Therefore, earnings growth is the highest priority for any organization.So, what is earnings growth? Study a company’s revenues over a given period, subtract the production cost, and you have earnings. By the way, this is also considered the most important variable influencing share price. But, expectations of earnings play a significant role.Earnings Estimates & Share Price MovementsFrequently, we have seen a decline in the stock pri ...

Escalating geopolitical tensions and inflation worries shook Wall Street last week. The three major indices capped weekly losses, with the S&P 500 shedding 1.5%, marking its worst week since October 2023. A broad decline in major bank shares after quarterly earnings failed to impress added to the chaos.All 11 major sectors in the S&P 500 closed the week in negative territory for the first time since September 2023. SPDR S&P 500 ETF Trust (SPY), the proxy version of the S&P 500 Index, shed 1.5% last week. Wh ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Arista Networks Inc (NYSE: ANET) lost close to 10% on Friday after a Rosenblatt analyst double downgraded the computer networking company to “sell”.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Arista Networks stock could tank another 20%Copy link to sectionMike Genovese warned clients in a research note today that $ANET could tank to $210 – down another 20% from here because ...

The stock caught a big downgrade on an unexpected competitive threat from Nvidia.Shares of data center switch juggernaut Arista Networks (ANET -8.61%) plunged on Friday, down about 8.6% as of 2:20 p.m. ET.While the entire tech sector and frankly the entire market was down today, Arista was doubly affected by an analyst downgrade. The content of the downgrade was especially worrying, given that Arista may find itself with a tough brand-new competitor: Nvidia.Nvidia is getting into Ethernet switchesAnalyst Mi ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Arista Networks (ANET) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Arista Networks currently ...

Arista Networks (ANET) closed the latest trading day at $294.75, indicating a -0.88% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.15%. At the same time, the Dow lost 0.02%, and the tech-heavy Nasdaq gained 0.32%.Heading into today, shares of the cloud networking company had gained 9.73% over the past month, outpacing the Computer and Technology sector's gain of 1.32% and the S&P 500's gain of 1.65% in that time.The investment community will be paying close attenti ...

International Business Machines Corporation (IBM) recently announced the expansion of its cloud operations in Canada with the opening of a new Cloud Multizone Region (MZR) in Montreal, Quebec.IBM highlighted that a secure cloud platform will aid its Canada-based clients in complying with stringent regulatory guidelines and utilize innovative technologies like Generative AI.The state-of-the-art facility encompasses three Availability Zones as “isolated locations” within a single data center/cloud infrastruct ...

International Business Machines Corporation (IBM) recently announced that it has inked a Memorandum of Understanding with the Government of Spain to accelerate AI innovations and bolster the national AI strategy. This partnership spans multiple facets of AI such as AI supercomputing, development and deployment of ethical and responsible generative AI features, as well as the creation of language AI models proficient in Spanish and co-official languages.The recent advancements in generative AI have immense p ...