The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Arista Networks (ANET) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Arista Networks is one of 621 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order ...

SOPA Images/LightRocket via Getty Images Arista Networks (NYSE:ANET) was one of the hottest stocks in 2023, up 94%, in part due to its customers' eagerness to build out Artificial Intelligence ("AI") infrastructure after OpenAI introduced ChatGPT in late 2022. Two of Arista's largest customers, Microsoft (MSFT) and Meta Platforms (META) were also two of the most prominent investors in AI infrastructure last year. One of generative AI's most significant requirements is the type of networking equipment th ...

Yelp Inc. (YELP) reported fourth-quarter 2023 results, wherein earnings matched the Zacks Consensus Estimate and revenues surpassed the same. Also, the fourth-quarter top and bottom lines marked a significant year-over-year improvement.The company reported fourth-quarter earnings of 37 cents per share, which was in line with the consensus mark. The bottom line increased 32% from the year-ago quarter’s earnings of 28 cents per share, mainly driven by higher revenues and the benefits of disciplined cost manag ...

Key PointsArista Networks' fourth-quarter results surpassed analysts' expectations, and the company boosted guidance.Cloud computing dominance is fueling Arista's growth, as the company's CEO highlighted revenue from cloud titans Microsoft and Meta.Arista is collaborating with Nvidia, AMD and Intel on AI infrastructure.5 stocks we like better than Arista NetworksArista Networks Inc. NYSE: ANET may not be as well known among tech investors as Cisco NASDAQ: CSCO, but it's outperformed its larger rival by a wi ...

Investor’s Business Daily’s IBD 50 is “a weekly, rules-based, computer-generated stock index.” It “seeks to identify the current top 50 growth stocks.” Since the companies on the IBD Top 50 do tend to have strong fundamentals and excellent growth characteristics, it’s a good screening tool that enables investors to find good stocks to buy. Moreover, not all of the names on the list are well-known firms. It’s possible to find “hidden gems” well-positioned to outperform the stock market on the IBD 50. For exa ...

Although we have all become very familiar with the Artificial Intelligence darlings like Nvidia (NVDA)  and Microsoft (MSFT) , there are a handful of companies that are quietly powering this revolution, creating the tools and infrastructure that enable AI's remarkable capabilities.While AI advancements grab headlines, these companies play a crucial, yet often unseen, role in its development. Here, we dive into three such companies:Cadence Design Systems (CDNS) , ASML Holdings (ASML) , and Arista Networks (A ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Arista Networks (ANET) .Arista Networks currently has an average brokerage recommendation (ABR) ...

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 ...