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 ...

In the latest market close, Arista Networks (ANET) reached $306.42, with a +0.6% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 0.14% for the day. Elsewhere, the Dow lost 0.77%, while the tech-heavy Nasdaq added 0.17%.Shares of the cloud networking company witnessed a gain of 13.34% over the previous month, beating the performance of the Computer and Technology sector with its gain of 6.81% and the S&P 500's gain of 5.34%.Analysts and investors alike will b ...

The Zacks Communication - Components industry appears well poised to benefit from healthy demand trends and an increasing user propensity to stay abreast of the latest digital innovations. However, price volatility due to elevated customer inventory levels, high capital expenditures for infrastructure upgrades, margin erosion, geopolitical conflicts and raging wars have dented the industry’s profitability.Nevertheless, Arista Networks, Inc. (ANET) , AudioCodes Ltd. (AUDC) and Turtle Beach Corporation (HEAR) ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Arista Networks (ANET) .Arista Networks currently has an average brokerage recommendation (ABR) ...

Stock Performance and Industry Comparison - Arista Networks' stock has returned +16.5% over the past month, outperforming the Zacks S&P 500 composite's +3.6% change and the Zacks Communication - Components industry's +7.5% gain [1] Earnings Estimates and Revisions - Current quarter earnings estimate is $1.71 per share, representing a +19.6% year-over-year change, with no revision over the last 30 days [2] - Current fiscal year consensus earnings estimate is $7.41, indicating a +6.8% change from the prior year, with no revision over the last 30 days [3] - Next fiscal year consensus earnings estimate is $8.35, showing a +12.7% change from the prior year, with no revision over the past month [3] - The company is rated Zacks Rank 3 (Hold) based on earnings estimate revisions and related factors [3] Revenue Growth Forecast - Current quarter consensus sales estimate is $1.54 billion, representing a +14.2% year-over-year change [5] - Current fiscal year revenue estimate is $6.54 billion, indicating a +11.6% change [5] - Next fiscal year revenue estimate is $7.42 billion, showing a +13.5% change [5] Recent Financial Performance - Last reported quarterly revenues were $1.54 billion, a +20.8% year-over-year change, with a +0.66% surprise compared to the consensus estimate [6] - Last reported quarterly EPS was $2.08, compared to $1.41 a year ago, with a +21.64% surprise [6] - The company has beaten consensus EPS and revenue estimates in each of the trailing four quarters [7] Valuation - Arista Networks is trading at a premium to its peers, as indicated by its F grade on the Zacks Value Style Score [9] - The Zacks Style Scores system evaluates traditional and unconventional valuation metrics to assess whether a stock is overvalued, rightly valued, or temporarily undervalued [9]

Arista Networks (ANET) closed the most recent trading day at $286.92, moving -0.83% from the previous trading session. This move lagged the S&P 500's daily gain of 0.57%. Elsewhere, the Dow saw an upswing of 0.83%, while the tech-heavy Nasdaq appreciated by 0.39%.Shares of the cloud networking company have appreciated by 10.53% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.42% and the S&P 500's gain of 2.97%.The investment community will be closely monitorin ...

Arista Networks (ANET) closed at $280.71 in the latest trading session, marking a -0.41% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.19%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw a decrease of 0.54%.Shares of the cloud networking company have appreciated by 6.16% over the course of the past month, outperforming the Computer and Technology sector's gain of 2.36% and the S&P 500's gain of 3.18%.The upcoming earnings r ...

A month has gone by since the last earnings report for Arista Networks (ANET) . Shares have added about 6.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Arista Networks due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Arista Beats Q4 Earnings Estimates on Solid R ...

Arista Networks, Inc. (NYSE:ANET) Morgan Stanley Technology, Media and Telecom Conference Call March 6, 2024 1:15 PM ET Company Participants Jayshree Ullal - CEO Chantelle Breithaupt - CFO Conference Call Participants Meta Marshall - Morgan Stanley Meta Marshall I'll just read some brief disclosures. If you need to see any disclosures, please check out morganstanley.com/researchdisclosures or talk to your Morgan Stanley sales representative. For those who don't know me, the least important person on the sta ...