Arista Networks: Debt-Free, Priced At 26x Operating Profits

imaginima Investment Thesis Arista Networks (NYSE:ANET), a leading provider of advanced networking solutions, is likely to have a better 2024 than investors presently expect. Even though the company has already been performing very strongly in 2023, I believe this stock could continue to do well in 2024. More specifically, I make the case that this debt-free company, priced at 26x its forward non-GAAP operating profits is a compelling investment, well worth considering. Rapid Recap, Back in October, I s ...