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These 3 Companies Could Positively Surprise Investors
Zacks Investment Research· 2024-04-25 23:51
Earnings season is always an exciting time for investors, with companies finally revealing what’s transpired behind closed doors.As usual, the big banks shifted the cycle into a much higher gear, with many other companies scheduled to follow suit.And concerning looming surprises, Arista Networks (ANET) , Coinbase (COIN) , and KB Home (KBH) could all bring positivity, with each boasting a positive Earnings ESP Score.  But how do expectations stack up heading into the releases? Let’s take a closer look.Coinba ...
Arista's Stock Slump Is An Opportunity
Seeking Alpha· 2024-04-25 18:34
Erik Isakson Background We think it is not controversial to say that data centers play an ever-increasing role in our daily lives. The networks that allow you to check your email or upload photos into the cloud (and everything in between) are ubiquitous, and in the middle of that ubiquity sits Arista Networks (NYSE:ANET). Until recently, Arista investors didn't have much to complain about. ANET vs SPY (Koyfin) Over the past three years Arista has, on a total return basis, delivered 218% to investors, ...
Arista Networks (ANET) Outperforms Broader Market: What You Need to Know
Zacks Investment Research· 2024-04-24 22:51
In the latest market close, Arista Networks (ANET) reached $254.77, with a +1.43% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.02%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.1%.The the stock of cloud networking company has fallen by 15.66% in the past month, lagging the Computer and Technology sector's loss of 5.13% and the S&P 500's loss of 3.01%.The investment community will be closely monitoring the performance of Arista Networks in its ...
Top 5 U.S. Giants at Lucrative Valuations Amid April Turmoil
Zacks Investment Research· 2024-04-22 13:31
Wall Street’s impressive bull run for the last 15 months has been facing severe hurdles in April. Historically, this month is known as favorable to equity investors. However, this year it is turning out to be different. Month to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have tumbled 4.6%, 5.5% and 6.7%, respectively.On Apr 19, both the S&P 500 and Nasdaq Composite recorded sixth-straight days of negative closing, the longest losing streak for both benchmarks since ...
Arista Networks (ANET) Registers a Bigger Fall Than the Market: Important Facts to Note
Zacks Investment Research· 2024-04-17 22:51
Arista Networks (ANET) closed the latest trading day at $259.27, indicating a -1.33% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.58%. Elsewhere, the Dow saw a downswing of 0.12%, while the tech-heavy Nasdaq depreciated by 1.15%.The cloud networking company's shares have seen a decrease of 8.42% over the last month, not keeping up with the Computer and Technology sector's loss of 0.47% and the S&P 500's loss of 1.09%.The upcoming earnings release o ...
Why Arista Networks (ANET) Could Beat Earnings Estimates Again
Zacks Investment Research· 2024-04-17 17:16
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Arista Networks (ANET) , which belongs to the Zacks Communication - Components industry.When looking at the last two reports, this cloud networking company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 18.73%, on average, in the last two quarters.For the most recent quarter, Arista Networks was expected to ...
4 Best Stocks to Invest in for Solid Earnings Growth
Zacks Investment Research· 2024-04-17 12:30
Core Viewpoint - Earnings growth is essential for the sustainability of any organization, as it directly influences share price and market expectations [1][2]. Earnings Estimates & Share Price Movements - Stock prices can decline despite earnings growth if they fail to meet market expectations, highlighting the importance of earnings estimates in investment decisions [2]. - Earnings estimates reflect analysts' views on sales growth, product demand, competitive environment, profit margins, and cost control, serving as a tool for assessing a firm's fair value [2]. Screening Measures - A set of parameters is used to identify stocks with significant earnings growth and positive estimate revisions, including: - Zacks Rank of 2 or lower, indicating 'Buys' or 'Strong Buys' [3]. - 5-Year Historical EPS Growth greater than the industry average [3]. - Year-over-year earnings growth of at least 5% in the last fiscal year [3]. - Positive revisions in current quarter earnings estimates over the last 4 weeks [3]. - Positive revisions in annual earnings estimates over the last week [3][4]. Notable Stocks - The screening process narrowed down to 14 stocks, with the following notable mentions: - Performance Food Group (PFGC) with a Zacks Rank of 2 and an expected earnings growth rate of 9.8% for the current year [4]. - Wingstop (WING) with a Zacks Rank of 2 and an expected earnings growth rate of nearly 21% [4]. - Meta Platforms (META) with a Zacks Rank of 2 and an expected earnings growth rate of approximately 35% for the current year [4]. - Arista Networks (ANET) with a Zacks Rank of 1 and an expected earnings growth rate of 7.5% [5].
5 Beaten-Down Top-Ranked Stocks to Buy in S&P 500 ETF
Zacks Investment Research· 2024-04-15 17:15
Escalating geopolitical tensions and inflation worries shook Wall Street last week. The three major indices capped weekly losses, with the S&P 500 shedding 1.5%, marking its worst week since October 2023. A broad decline in major bank shares after quarterly earnings failed to impress added to the chaos.All 11 major sectors in the S&P 500 closed the week in negative territory for the first time since September 2023. SPDR S&P 500 ETF Trust (SPY), the proxy version of the S&P 500 Index, shed 1.5% last week. Wh ...
Rosenblatt double downgrades Arista Networks stock to ‘sell'
Invezz· 2024-04-13 15:49
Follow Invezz on Telegram , Twitter , and Google News for instant updates >Arista Networks Inc (NYSE: ANET) lost close to 10% on Friday after a Rosenblatt analyst double downgraded the computer networking company to “sell”.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Arista Networks stock could tank another 20%Copy link to sectionMike Genovese warned clients in a research note today that $ANET could tank to $210 – down another 20% from here because ...
Why Arista Networks Plunged Today
The Motley Fool· 2024-04-12 18:42
The stock caught a big downgrade on an unexpected competitive threat from Nvidia.Shares of data center switch juggernaut Arista Networks (ANET -8.61%) plunged on Friday, down about 8.6% as of 2:20 p.m. ET.While the entire tech sector and frankly the entire market was down today, Arista was doubly affected by an analyst downgrade. The content of the downgrade was especially worrying, given that Arista may find itself with a tough brand-new competitor: Nvidia.Nvidia is getting into Ethernet switchesAnalyst Mi ...