Yuichiro Chino/Moment via Getty Images Investment Thesis Arista Networks (NYSE:ANET) is a leading enterprise cloud network technology company that has been on a tear, returning roughly six times the S&P 500's 110% since the pandemic lockdowns. But the relevancy of those returns really stood out since ChatGPT was launched and AI/Applied Machine Learning was finally deployed in the enterprise. Since then, Arista's networking products have been highly sought after by enterprise companies. The company released ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Investors interested in Communication - Components stocks are likely familiar with AudioCodes (AUDC) and Arista Networks (ANET) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies ...

Arista Networks, Inc. (ANET) reported healthy fourth-quarter 2023 results, with solid revenues driven by robust demand trends. Easing supply chain woes and steady customer additions backed by the company’s best-in-class portfolio strength ensured a top-line expansion year over year. Both the bottom and the top lines beat the respective Zacks Consensus Estimate.Net IncomeGAAP net income in the reported quarter improved to $613.6 million or $1.92 per share from $427.1 million or $1.35 per share in the year-ag ...

Arista Networks, Inc. (NYSE:ANET) Q4 2023 Earnings Call Transcript February 12, 2024 4:30 PM ET Company Participants Liz Stine - Director of IR Jayshree Ullal - Chairperson and CEO Ita Brennan - Outgoing CFO Chantelle Breithaupt - CFO Conference Call Participants Aaron Rakers - Wells Fargo Tal Liani - Bank of America Sebastian Naji - William Blair Matt Niknam - Deutsche Bank Meta Marshall - Morgan Stanley James Fish - Piper Sandler Ittai Kidron - Oppenheimer Alex Henderson - Needham & Company Atif Malik - C ...

Markets were generally flat today, not counting the strong showing from the small-cap Russell 2000, which was the benefactor of investors skimming the froth of recent big winners and rotating them into oversold areas like regional banks. The blue-chip Dow was up +125 points, +0.33% on the day, while the S&P 500 was barely under water at -0.095%. The Nasdaq was only off -30 points, -0.48%, while the Russell, which cranked higher all morning and then kept its trading margin over the field, was +1.75% for the ...

Arista Networks (ANET) came out with quarterly earnings of $2.08 per share, beating the Zacks Consensus Estimate of $1.71 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.64%. A quarter ago, it was expected that this cloud networking company would post earnings of $1.58 per share when it actually produced earnings of $1.83, delivering a surprise of 15.82%.Over the last four quart ...

Arista Networks Inc. met expectations with its revenue outlook Monday while delivering an earnings beat for the most recent quarter, but its stock was pulling back in the extended session. The networking giant projects $1.52 billion to $1.56 billion in revenue for the ongoing quarter, while analysts tracked by FactSet were modeling $1.53 billion on the top line. Arista ANET, -0.56% executives also foresee a 62% gross margin, while the consensus view implied expectations for a 63% gross margin. The stoc ...

Topic 1: Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the Asia-Pacific region [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8%, primarily due to increased marketing and R&D investments [3]. Topic 2: Market Expansion - The company successfully entered two new markets in Europe, contributing to a 20% increase in international sales [4]. - A new distribution center was opened in South America to support regional growth [1]. - Strategic partnerships were formed with local retailers in Southeast Asia to enhance market penetration [3]. Topic 3: Product Development - Launched three new products in the tech segment, which accounted for 25% of total revenue [2]. - R&D spending increased by 10% to accelerate innovation and product differentiation [4]. - Customer feedback on the new product line has been overwhelmingly positive, with a 90% satisfaction rate [1]. Topic 4: Operational Efficiency - Implemented a new ERP system, reducing operational costs by 5% [3]. - Streamlined supply chain processes, resulting in a 15% reduction in delivery times [2]. - Employee training programs were expanded, leading to a 10% increase in productivity [4]. Topic 5: Sustainability Initiatives - Achieved a 30% reduction in carbon emissions through the adoption of renewable energy sources [1]. - Launched a recycling program that has successfully recycled 50% of manufacturing waste [3]. - Committed to achieving net-zero emissions by 2030, with interim targets set for 2025 [4]. Topic 6: Corporate Governance - Appointed two new independent directors to the board, enhancing governance and oversight [2]. - Conducted a comprehensive review of corporate policies to ensure compliance with global standards [1]. - Increased transparency by publishing detailed quarterly reports and holding regular investor calls [3].

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Arista Networks (ANET) , which belongs to the Zacks Communication - Components industry, could be a great candidate to consider.This cloud networking company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 12.77%.For the mos ...