Arista Networks, Inc. (ANET) is scheduled to report second-quarter 2024 results on Jul 30, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 14.37%. The company is expected to have earned higher revenues from the product segment, backed by growing demand for its Etherlink portfolio and a strong focus on innovation.Factors at PlayIn the second quarter, Arista launched its Etherlink AI platforms for optimal network performance across the most demanding AI work ...

John Lamb Arista Networks (NYSE:ANET) is positioned for a strong eFY24 as the network equipment industry takes a turn into bullish territory. With management’s q1’24 beat and raise, customers’ digestion of their equipment inventory builds, and the drive to build out the networking component to cater to the high-speed demands of AI/ML, I believe Arista is in the beginning phase of the next cycle and should realize significant top-line growth and margin expansion. Arista will be reporting q2’24 earnings r ...

U.S. economic growth in the second quarter beat estimates on robust consumer outlays. All at once, receding inflationary pressure has paved the way for an interest rate cut as early as fall. This has opened the door to a Goldilocks economy, which bodes well for growth-oriented tech stocks. Economic Growth Faster Than ExpectedUS GDP registered an annualized growth of 2.8% in the second quarter, per the advance estimate of the Bureau of Economic Analysis, which is above analysts’ expectations of 2%. The secon ...

Arista Networks, Inc. (ANET) is scheduled to report second-quarter 2024 earnings on Jul 30. The Zacks Consensus Estimate for revenues and earnings is pegged at $1.64 billion and $1.94 per share, respectively.Earnings estimates for Arista have improved from $7.49 per share to $7.93 for 2024 and from $8.47 per share to $8.93 for 2025 over the past 90 days.ANET Estimate TrendImage Source: Zacks Investment ResearchEarnings Surprise HistoryThe communications components provider delivered a four-quarter earnings ...

Just as the ancient Roman Empire was powered by human labor deployed in agriculture, the modern era relies on semiconductors to power the digital age. This makes investing in semiconductor stocks an easy proposition, as it is investing in the civilization itself.Globally, the semiconductor stocks market is headed for a 10% CAGR by 2029 at $980.80 billion, according to Statista Market Insights. In the meantime, investors should put these stocks on a watchlist, if they haven’t already. Let’s explore three top ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company, setting a target price of $460 based on a 50X PE for 2025 [3]. Core Views - The company is a leading provider of high-speed Ethernet switches, benefiting from the AI trend and the increasing demand for Ethernet in data centers. The Ethernet market is projected to grow from $16 billion in 2024 to over $21 billion by 2028 [3][19]. - The company's self-developed EOS operating system provides a competitive edge, enabling rapid integration and deployment for data center clients, which is crucial in the evolving landscape of AI and cloud computing [3][19]. - The company has significantly outperformed Cisco in revenue growth and market share, particularly in the high-speed Ethernet switch market, where it holds a 45% market share by port count, double that of Cisco [3][19]. Summary by Sections Investment Logic - The company is positioned to benefit from the increasing adoption of Ethernet in AI applications, as Ethernet offers advantages in port speed and cable bandwidth over Infiniband [3][10]. - The global data center Ethernet switch market is expected to reach approximately $16 billion in 2024, with a projected growth to over $21 billion by 2028 [3][19]. - The company has shown impressive revenue growth rates of 48.6% and 33.8% in 2022 and 2023, respectively, with a forecasted growth of 12% to 14% in 2024 [3][5]. Profit Forecast and Valuation - The company’s net profit is projected to be $2.48 billion in 2025, with a compound annual growth rate (CAGR) of approximately 16.5% from 2024 to 2026 [5]. - The report highlights a significant increase in the cost of network communication hardware in GPU clusters, which is expected to rise from 20% to 40% by the end of 2024 [3][10]. - The company’s revenue is expected to grow from $4.38 billion in 2024 to $9.05 billion in 2026, reflecting a steady increase in demand for high-speed switches [5]. Competitive Positioning - The EOS operating system allows for effective hardware-software decoupling, enhancing the company’s market share in high-speed switches [3][19]. - The company has established a strong ecosystem around its EOS platform, which is more flexible and programmable compared to competitors, leading to higher profitability [3][19]. - The company’s market share in the data center Ethernet switch market has increased significantly, with a 45% share in 2023, indicating strong competitive positioning against Cisco [3][19].

The market expects Arista Networks (ANET) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be releas ...

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 ...

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 ...

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, ...