All articles tagged with #arista networks
Originally Published 6 days ago — by CNBC
The article highlights the biggest stock movements at midday, featuring companies like Coinbase, Arista Networks, Chevron, and Halliburton, indicating notable trading activity among these firms.
Originally Published 1 year ago — by Yahoo Finance
Arista Networks, a networking specialist and member of the S&P 500 since 2018, has seen its stock soar 3,823% since its 2014 IPO. The company recently completed a 4-for-1 stock split, driven by its success in AI networking solutions like the Arista Etherlink AI platforms. Despite its high valuation, analysts remain bullish, with a majority recommending a buy, citing potential growth as data centers upgrade for AI demands. The stock's performance has significantly outpaced the broader market, making it a continued buy according to Wall Street.
Originally Published 1 year ago — by Investor's Business Daily
Arista Networks' stock was downgraded to sell by a Rosenblatt Securities analyst due to the threat posed by chipmaker Nvidia in the artificial intelligence-driven data center network switches market. The analyst cited Nvidia's strong position in selling AI chips as a competitive edge. Arista's forecasted AI-related sales for 2025 could be impacted by Nvidia's presence in the market. The stock fell more than 7% following the downgrade.
Originally Published 1 year ago — by CNBC
Several stocks are making significant moves in premarket trading, including JetBlue Airways, Arista Networks, and Tripadvisor, as investors react to various market factors.
Originally Published 1 year ago — by Investor's Business Daily
Arista Networks reported fourth-quarter earnings that beat estimates, with revenue slightly exceeding consensus estimates, but its stock fell on the news. The company's revenue guidance for the first quarter was modestly ahead of consensus, and it reiterated its full-year 2024 guidance of 11% revenue growth. Analysts expect Arista to gain ground in the enterprise market and anticipate a boost from customer investments in artificial intelligence infrastructure by 2025.
Originally Published 1 year ago — by Yahoo Finance
Avis Budget Group's fourth-quarter revenue missed estimates, causing its stock to initially plummet but later recover; Arista Networks' stock slid after posting a strong quarter, beating on top and bottom lines but falling short of high expectations; ZoomInfo Technologies' shares surged 22% on better-than-expected results and the announcement of a new AI-powered feature, following a year of struggles and a 13% decline.
Originally Published 1 year ago — by MarketWatch
Arista Networks Inc. reported a revenue outlook in line with expectations and beat earnings for the most recent quarter, but its stock pulled back in after-hours trading. The company projects $1.52 billion to $1.56 billion in revenue for the ongoing quarter, with a 62% gross margin, slightly below consensus expectations. Despite the pullback, Arista's stock has seen significant gains over the past three and twelve months. In the fourth quarter, the company reported net income of $613.6 million and revenue of $1.54 billion, with CEO Jayshree Ullal expressing cautious optimism about achieving a $750 million revenue goal in AI networking by 2025.
Originally Published 1 year ago — by Investor's Business Daily
Dow Jones futures were little changed ahead of Tuesday's stock market open, with Arm stock rocketing as much as 42% to new highs and artificial intelligence stock Arista Networks diving on earnings results after the close. Meanwhile, Cadence Design Systems stock tumbled around 6% in extended trade, and the stock market saw mixed performance on Monday, with the Dow Jones Industrial Average moving up 0.3% and the S&P 500 slipping 0.1%. Additionally, Lennar, MongoDB, Samsara, and UiPath were among the best stocks to buy and watch in the current market rally, while Dow Jones tech icons Apple and Microsoft traded lower.
Originally Published 1 year ago — by CNBC
Several stocks are experiencing significant movement after hours, including JetBlue Airways, Avis Budget Group, and Arista Networks.
Originally Published 1 year ago — by Yahoo Finance
Zacks Investment Ideas feature highlights Arista Networks, Cadence Design Systems, Shopify, and Nvidia as top tech stocks to consider buying outside the Magnificent 7. The S&P 500 hits 5,000 for the first time, signaling a largely bullish earnings season, with strong results from many tech stocks. Arista Networks, Cadence Design Systems, and Shopify are projected to show strong financial results, with positive outlooks and high rankings from Zacks. Investors are advised to take advantage of any market downturns to invest in these stocks.
Originally Published 1 year ago — by Yahoo Finance
The S&P 500 has reached 5,000 for the first time, with many tech stocks posting strong results. Outside the Magnificent 7, investors may consider Arista Networks, Cadence Design Systems, and Shopify. Arista Networks is expected to grow sales by 34% in FY23, Cadence Design Systems by 15% in FY23, and Shopify's revenue is projected to jump 25% higher in FY23. These companies have strong earnings projections and are ranked favorably by Zacks Investment Research.
Originally Published 2 years ago — by CNBC
Jim Cramer advises staying away from 3M due to ongoing litigation risk, while suggesting Daktronics as a potential investment opportunity. He praises Arista Networks as a strong networking company and expects its stock to rise. Cramer also mentions Martin Marietta Materials as an alternative to Vulcan Materials. He dismisses Vista Energy as a poor investment choice and recommends buying Skyworks Solutions now, anticipating future growth in the cellphone market.
Originally Published 2 years ago — by Investor's Business Daily
Arista Networks (ANET) saw a dip in its stock following its investor day, where analysts assessed its financial outlook through 2027. While the company's revenue guidance for 2024 was in line with expectations, its longer-term guidance of a 15% compound annual growth rate (CAGR) from 2022-2027, implying a deceleration in growth after 2024, led to the sell-off. Arista expects a boost from customer investments in artificial intelligence infrastructure by 2025. Its main competitors are Cisco Systems and Juniper Networks, and it is gaining ground in the enterprise market.
Originally Published 2 years ago — by Investor's Business Daily
Arista Networks (ANET) exceeded analysts' expectations with a 46% increase in earnings and a 28% rise in revenue. Investors who believe the stock will continue to rally can use long call options instead of buying the stock outright to protect capital in volatile markets. Call options provide leverage, allowing investors to gain exposure to the stock with a fraction of the capital required to buy the stock. By buying call options, investors can limit their potential losses to the premium paid while enjoying unlimited upside if the stock rises. However, options trading carries risks, and investors should conduct their own due diligence and consult a financial advisor before making any investment decisions.
Originally Published 2 years ago — by Investor's Business Daily
Arista Networks reported better-than-expected earnings and revenue for the third quarter, causing its stock to rise. The company's earnings per share increased by 46% to $1.83, while revenue jumped 28% to $1.51 billion. Arista's sales guidance for the current quarter also exceeded estimates. However, investor concerns remain over the 2024 capital spending plans of its key customers, Microsoft and Meta Platforms. Arista is gaining ground in the enterprise market and is expected to benefit from customer investments in artificial intelligence in the future.