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First Rotation. Then Liquidation.
Forbes· 2024-07-19 21:13
We’ve seen some wild market action so far in July! First, we had former leaders like “Big Tech” getting sold, while former laggards like small caps were getting bought. Then more recently, almost EVERYTHING got dumped in a broad-based selling wave. What’s behind the moves? And what should investors do now? Top MoneyShow expert contributors weigh in below.Jon Markman Digital Creators & ConsumersTechnology stocks had a really bad day Wednesday as political wrangling sent professional money managers scurrying ...
Is Arista Networks (ANET) Outperforming Other Computer and Technology Stocks This Year?
ZACKS· 2024-07-19 14:41
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Arista Networks (ANET) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.Arista Networks is a member of our Computer and Te ...
Arista (ANET) Surges 95% in a Year: Should You Ride the Wave?
ZACKS· 2024-07-19 13:20
Buoyed by a holistic growth model, Arista Networks, Inc. (ANET) has skyrocketed 94.9% over the past year compared with the industry’s growth of 67.4%. It has also outperformed its peers like Juniper Networks, Inc. (JNPR) and Cisco Systems, Inc. (CSCO) over this period.Driven by improved market demand on the back of a flexible business model and solid cash flow, Arista continues to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, ...
3 Edge Computing Stocks That Could Be Multibaggers in the Making: July Edition
Investor Place· 2024-07-19 10:30
When it comes to gaining exposure to the generative artificial intelligence (GenAI) growth boom, investors have many options. However, owning shares in AI chip makers, or software companies, isn’t the only way to play this trend. One can also gain exposure, by owning of edge computing stocks.What is edge computing? A computing model that differs from the traditional data server model, edge computing entails functions like calculations and data storage happening closer to the data source. This results in fas ...
Arista Networks (ANET) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2024-07-15 22:51
Arista Networks (ANET) closed the latest trading day at $360.42, indicating a -0.41% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 0.53%, and the Nasdaq, a tech-heavy index, added 0.4%.Heading into today, shares of the cloud networking company had gained 10.17% over the past month, outpacing the Computer and Technology sector's gain of 4.22% and the S&P 500's gain of 3.78% in that time.The investment community will be cl ...
Ride Bullish Momentum with These 3 Buy Rated Stocks
ZACKS· 2024-07-09 00:06
When stocks are cruising at or nearing 52-week highs, it reflects considerable bullishness with trends where buyers are in control. Stocks making new highs tend to make even higher highs, particularly when analysts' positive earnings estimate revisions are rolling in. That’s been precisely the case for Arista Networks (ANET) , Datadog (DDOG) , and Walmart (WMT) , all of which presently sport a favorable Zacks Rank and are trading near 52-week highs. Let’s take a closer look at what’s been driving the bullis ...
Arista Networks (ANET) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2024-07-08 22:51
Stock Performance - Arista Networks stock closed at $371.07, reflecting a +1.35% increase from the previous trading day [1] - The stock outperformed the S&P 500 (+0.1%), Dow (-0.08%), and Nasdaq (+0.28%) on the same day [1] - Over the past month, Arista Networks shares appreciated by 23.37%, surpassing the Computer and Technology sector (+8.41%) and the S&P 500 (+4.08%) [1] Earnings and Revenue Expectations - Analysts expect Arista Networks to report earnings of $1.93 per share for the upcoming quarter, representing a year-over-year growth of 22.15% [1] - Revenue for the quarter is anticipated to be $1.64 billion, indicating a 12.31% increase from the same quarter last year [1] - For the entire fiscal year, consensus estimates predict earnings of $7.92 per share (+14.12% YoY) and revenue of $6.69 billion (+14.15% YoY) [2] Valuation Metrics - Arista Networks has a Forward P/E ratio of 46.24, significantly higher than its industry average of 17.94 [3] - The company's PEG ratio stands at 2.88, compared to the industry average of 1.75 [3] Industry and Analyst Sentiment - The Communication - Components industry, part of the Computer and Technology sector, ranks 206 out of over 250 industries, placing it in the bottom 19% [4] - Arista Networks currently holds a Zacks Rank of 1 (Strong Buy), with stocks in this category historically delivering an average annual return of +25% since 1988 [3] - Recent analyst estimate revisions for Arista Networks reflect optimism about the company's business and profitability, with research showing a direct correlation between estimate changes and near-term stock prices [2]
Wall Street Thinks These High-Flying Artificial Intelligence (AI) Stocks Are Headed Lower (Hint: Nvidia Isn't 1 of Them)
The Motley Fool· 2024-07-01 09:50
Are analysts right to be pessimistic about these AI stocks? What's the modern-day equivalent to King Midas turning everything he touched to gold? Artificial intelligence (AI) is a top candidate. Many AI stocks have delivered sizzling gains over the past 18 months. Nvidia (NVDA -0.36%) is the most famous example, with the demand for its AI chips helping push the company's market cap above $3 trillion. But all good things eventually come to an end. Although analysts still think Nvidia has some room to run, th ...
Strong Buy Alert! 3 Growth Stocks Set to Outperform the Market Through 2030
Investor Place· 2024-06-29 11:10
Identifying the best growth stocks to outperform the market with is no easy task. Especially ones that can consistently outperform the market year after year. Odds are that if you are not new to the stock market, you’ve invested in a company that had one or more exceptional years followed by many bad ones. Suddenly your hard-earned cash is lost after what seemed like a sustainable rally. This is why careful selection of growth stocks is paramount to protect your wealth and limit the potential downside risk ...
Can the Incredible Rally in Arista Networks (ANET) Stock Continue?
ZACKS· 2024-06-27 19:30
Investors taking a second glance at Arista Networks (ANET)  stock may notice that it has more than doubled since 2023 and is sitting on +47% gains this year.As one of the market’s top performers, let’s see if the rally in the cloud networking giant’s stock can continue and if it's still time to buy.Image Source: Zacks Investment ResearchConsistency & Cloud DemandWith internet servers, software, and databases revolving around cloud networks which are a single ecosystem of connectivity, Arista's solutions hav ...