Arista Networks (ANET) ended the recent trading session at $359.16, demonstrating a -0.17% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.13%. Meanwhile, the Dow experienced a rise of 0.55%, and the technology-dominated Nasdaq saw a decrease of 0.52%.The the stock of cloud networking company has risen by 1.66% in the past month, leading the Computer and Technology sector's gain of 1.56% and undershooting the S&P 500's gain of 3.67%.The investment ...

The Wall Street rally, which started at the beginning of 2023, has sustained till today despite intermittent fluctuations. The technology sector, especially the so-called “magnificent 7” and other artificial intelligence-centric bigwigs predominantly drove the rally. However, the space started suffering to a good extent from the beginning of August.Consequently, valuation of several technology stocks declined significantly, which makes them attractive at the current price levels. We have selected five beate ...

The Zacks Communication - Components industry appears well poised to benefit from healthy demand trends and an increasing propensity for users 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) , Harmonic Inc. (HLIT) and AudioCodes Ltd. (AUDC) are l ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth sto ...

Sundry Photography I recommended Arista Networks (NYSE:ANET) in May 2023, for around $160. The price has more than doubled since then but is about 6% below its all-time high of $376. The stock has been insanely successful in the past year, with a return of 95%, and in the past decade with a return of 1,779%. Is it still worth buying at 41x earnings and 16x sales? I believe so, it is easily one of the best positioned for Hyperscalers, Cloud Service Providers, and other high-performance low latency network ...

After a slew of artificial intelligence stocks decided to split their stocks, these three could be next.The past few months have seen a bunch of artificial intelligence (AI)-related technology companies announce stock splits. In fact, of the five potential AI stock splits I wrote about back in May, four have already either executed or announced imminent splits. Remember, a stock split doesn't change the intrinsic value of a stock one iota. But it can open up the stock to more retail investors and/or employe ...

Arista Networks, Inc. (ANET) was recently selected by the Alabama Fiber Network (“AFN”), a consortium of eight electric cooperatives, to provide routing and switching equipment for the robust middle-mile network project throughout underserved rural areas across the region. The $340 million investment includes the deployment of Arista's high-performance 7280SR3 platform for seamless connectivity across diverse locations.In addition to a scalable and adaptable architecture, the platform offers robust automati ...

When the stock market gets choppy, it's time to look for bargains.The stock market has been booming in 2024. Through the end of July, the S&P 500 index was up more than 15%, a stellar performance driven partly by artificial intelligence (AI) mania.It's becoming less clear that the good times will last through the end of the year. Popular AI stocks have taken big hits; a weak U.S. jobs report has fueled concerns about a potential recession; and volatility may be on the rise. The major U.S. stock indices plun ...

Last week, Wall Street witnessed one of the most eventful weeks in 2024. Markets were rattled on Aug 5, following the release of disappointing July payrolls data, reigniting fears that the economy might slip into a recession.However, stocks have recovered most of the losses since then in a dramatic rebound that has greatly fizzled fears of a recession in the near term, following the release of a fresh jobless claims report that came in better than expected.  However, the market volatility is far from over.O ...

Artificial intelligence made headlines in 2024, with stocks in the space appreciating tremendously. Amid the growing adoption of technology, many companies are shelling out billions to advance their AI capabilities. According to a recent report by CompTIA, 22% of companies aim to pursue AI integration across their products. The report also found that 33% of companies are working with some type of AI application to improve their service and product delivery. By riding this wave, investors can be sure to see ...