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 ...

Arista Networks (ANET) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings pict ...

Arista Networks (ANET) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this cloud networking company have returned +5%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Communication - Components industry, which Arista Networks falls in, has gained 2.6%. The key question now is: What could be the s ...

Shares of artificial intelligence (AI)-related tech stocks Broadcom (AVGO -1.80%), Arista Networks (ANET -3.60%), and Rambus (RMBS -4.11%) were all down in Tuesday trading, off by 2.7%, 3.7%, and 3.9%, respectively, as of 1 p.m. ET.There wasn't much material news around these stocks today, but certainly a jump in long-term bond yields following some recent economic data is making investors jumpy that interest rates won't come down as much or as quickly as thought. And that's doubly true for higher-multiple ...

Investors are always on the lookout for that magic bullet, that top growth stock to double their portfolio. While there is no guaranteed path to such returns, established growth stocks offer a compelling possibility for significant returns. However, all growth stocks are not the same. Some growth stocks are already established companies that are profitable. While others are still establishing their footing in the marketplace, often losing money and prioritizing rapid expansion over short-term profits. Inves ...

Artificial intelligence (AI) isn’t just a buzzword. According to Goldman Sachs, this transformative technology will disrupt industries and boost global economic growth. Considering the potential, let’s discuss some of the best AI stocks to buy in April that could have multi-year growth.It has become clear that AI will boost productivity across many industries. First, it will automate routine tasks like customer service and data entry, saving labor costs and freeing up employees for other tasks. Already, thi ...

Shares of Arista Networks, Inc. (ANET) have surged 72.9% over the past year, driven by solid demand trends and healthy customer additions. Its current fiscal-year earnings estimates have moved up 16.5% over the past year and that for the next fiscal year has appreciated 21.2%, implying healthy growth potential.Despite intense market volatility, this Zacks Rank #2 (Buy) stock appears to be a solid investment option at the moment. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here ...

Ultima_Gaina When I initiated my bullish view on Arista Networks (NYSE:ANET) in January 2015, their stock price was only $16.32. Since I published the second piece in June 2023, their stock price has surged by another 94.8%. The company has been gradually appreciated by investors, as evidenced by their rising stock price. They completed the year with 33.8% revenue growth and 51% net income growth in FY23. I remain optimistic about their long-term growth potential in the data center ethernet switch marke ...