Streetbeat News

ANET

Arista Networks, Inc.

https://www.arista.com

Industry

Computer Hardware

Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.

Open

383.89

Mkt cap

118B

Volume

High

383.89

P/E Ratio

44.89

52-wk high

431.97

Low

372.25

Div yield

N/A

52-wk low

210.69

Marc Chaikin, founder of Chaikin Analytics, is bullish on AI-enhanced software companies and predicts the S&P 500 rally will continue into 2024. He sees AI-driven companies as key players, especially during earnings season. Chaikin's optimism is based on January's positive start, which historically suggests a favorable year. He expects any S&P 500 pullbacks to be modest. Chaikin highlights tech sector companies like ServiceNow, Synopsys, Pure Storage, and Procore Technologies as ones to watch, with Pure Storage's partnership with NVIDIA and Procore's competition with Autodesk. He also sees potential in 'secondary tech stocks' like Arista Networks and CrowdStrike Holdings. Chaikin picks AMD in the semiconductor space and warns of a potential bond market sell-off if the Fed doesn't cut rates in March. He advises monitoring China's economic impact on global inflation and supply chains.

Portfolio Pulse from Surbhi Jain

December 28, 2023 | 8:00 pm

Arista Networks (NYSE:ANET) has significantly outperformed the market, with an average annual return of 38.01% over the past 5 years. A $100 investment in ANET 5 years ago would be worth $489.65 today. The company's market capitalization stands at $74.28 billion.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 9:01 pm

Insiders at NVIDIA, U.S. Bancorp, Coinbase Global, and Arista Networks have recently sold shares. NVIDIA's Director sold shares worth $5.01 million, while acknowledging competition in the AI chip market. U.S. Bancorp's Vice Chair sold shares worth $1.02 million following a downgrade by Baird analyst. Coinbase Global's Director sold shares worth $1.26 million amidst a regulatory rejection, with the CFO also purchasing shares. Arista Networks' CEO sold shares worth $5.08 million, with the company announcing a new CFO.

Portfolio Pulse from Avi Kapoor

December 18, 2023 | 1:14 pm

Arista Networks Inc. (NYSE:ANET) stock has seen a 1.13% increase in the current session, trading at $229.12. Over the past month and year, the stock has risen by 6.47% and 74.92%, respectively. Investors are examining the P/E ratio to determine if the stock is overvalued. Arista Networks' P/E is lower than the Communications Equipment industry average, suggesting it might be undervalued or that it may have weaker growth prospects compared to its peers.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 6:00 pm

Arista Networks (NYSE:ANET) has significantly outperformed the market, with an average annual return of 30.44% over the past 5 years. A $1000 investment in ANET 5 years ago would be worth $3,564.74 today. Arista Networks currently has a market cap of $66.11 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 5:00 pm

Arista Networks (NYSE:ANET) has experienced a 12.93% increase in short interest since its last report, with 3.33 million shares sold short, representing 1.31% of its float. The average time to cover these short positions is 1.28 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Arista Networks has a lower short interest compared to its peer group average of 7.92%.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 8:30 pm

Susquehanna analyst Christopher Rolland maintains a Positive rating on Marvell Technology (MRVL) with a $70 price target, despite expecting in-line earnings and weaker guidance due to industry headwinds. Rolland highlights Marvell's AI strengths, particularly in PAM4 DSPs (Inphi), which benefit from Nvidia's (NVDA) demand. However, challenges in Storage, Carrier, and Networking may offset AI momentum. Other companies like Cisco (CSCO), Intel (INTC), AMD, Arista Networks (ANET), and Juniper Networks (JNPR) have mixed outlooks, with Cisco's guidance notably weaker. Marvell's gross margins are expected to expand in Q4 due to an improved mix.

Portfolio Pulse from Anusuya Lahiri

November 21, 2023 | 6:38 pm

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' advised investors to avoid 3M Company (MMM) due to bad news and litigation risks. He was positive about Daktronics (DAKT), Arista Networks (ANET), and Skyworks Solutions (SWKS), noting their potential despite challenges. Cramer also spoke favorably about Martin Marietta Materials (MLM) and Vulcan Materials Company (VMC), suggesting either as a good choice. He mentioned that Arista and Cisco Systems (CSCO) can be mutually exclusive successful investments.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 2:01 pm

Over the past 5 years, Arista Networks (NYSE:ANET) has delivered an average annual return of 31.61%, outperforming the market by 20.33% on an annualized basis. A $1000 investment in ANET 5 years ago would be worth $3,884.66 today. Arista Networks currently has a market cap of $67.32 billion.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 4:30 pm

Piper Sandler analyst James Fish has maintained a Neutral rating on Arista Networks (NYSE:ANET) and increased the price target from $190 to $209.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 10:12 pm

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