Last year was booming for artificial intelligence (AI). Generative AI became mainstream, and enterprises started making investments in the space. If you are wondering whether it is too late to invest, we are still in the early stages of adoption. This article discusses some AI stocks to buy that are central to this revolution.According to McKinsey, one-third of organizations already use AI in at least one of their business functions. Additionally, 40% plan to increase spending in this area. Already, leading ...

Arista Networks (ANET) closed the latest trading day at $253.26, indicating a +0.49% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.37%. Meanwhile, the Dow experienced a drop of 0.62%, and the technology-dominated Nasdaq saw a decrease of 0.19%.The the stock of cloud networking company has risen by 5.54% in the past month, leading the Computer and Technology sector's gain of 1.22% and the S&P 500's gain of 1.56%.The upcoming earnings release of Ari ...

SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks, Inc. (NYSE:ANET) will release its financial results for the quarter ended December 31st, 2023 after U.S. markets close on Monday, February 12th, 2024. The results will be included in a press release with accompanying financial information that will be posted on the Investor Relations section of the Arista website at https://investors.arista.com. Arista’s executive management team will host a conference call on February 12th, beginning at 1:30 p.m. PT ( ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?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 ...

Sundry PhotographyLast year's generative AI boom had large spillover effects across the entire technology industry. Though AI software companies were the most obvious beneficiaries of growing public interest in ChatGPT and related technologies, the fact that many companies have started to look into adopting generative AI to automate business processes has also benefited hardware vendors. Arista Networks (NYSE:ANET), the leading cloud-based networking hardware vendor, has been on a tear for this reason. ...

imaginima Investment Thesis Arista Networks (NYSE:ANET), a leading provider of advanced networking solutions, is likely to have a better 2024 than investors presently expect. Even though the company has already been performing very strongly in 2023, I believe this stock could continue to do well in 2024. More specifically, I make the case that this debt-free company, priced at 26x its forward non-GAAP operating profits is a compelling investment, well worth considering. Rapid Recap, Back in October, I s ...

Arista Networks (ANET) ended the recent trading session at $231.56, demonstrating a -1.68% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.57%. Elsewhere, the Dow gained 0.07%, while the tech-heavy Nasdaq lost 1.64%.Prior to today's trading, shares of the cloud networking company had gained 9.49% over the past month. This has outpaced the Computer and Technology sector's gain of 4.46% and the S&P 500's gain of 4% in that time.Analysts and investor ...

Arista Networks, Inc. (NYSE:ANET) Raymond James TMT & Consumer Conference December 5, 2023 1:40 PM ET Company Participants Ita Brennan - CFO Liz Stine - IR Conference Call Participants Simon Leopold - Raymond James Simon Leopold Thank you very much folks for joining us. My name is Simon Leopold, Raymond James' Data Infrastructure Analyst, and I am pleased to welcome for our fireside. We have with us from Arista. We have Ita Brennan, CFO, retiring in a few months. So, we are grateful that you are spending yo ...

Summary of Arista Networks, Inc. Conference Call Company Overview - **Company**: Arista Networks, Inc. (NYSE: ANET) - **Event**: Wells Fargo 7th Annual TMT Conference - **Date**: November 29, 2023 - **Participants**: Ita Brennan (CFO), Aaron Rakers (Wells Fargo Analyst) Key Points Industry and Growth Projections - Arista projects a **CAGR of around 15% from 2022 to 2027** [2] - The company experienced **50% growth in 2022** and is on track for **33% growth in 2023** [3] - The business has **doubled in size from 2021 to 2023** [3] - Growth drivers include: - **Cloud segment**: More cyclical growth - **Enterprise segment**: Steady share gains and consistent growth [4] AI and Non-AI Segments - Arista aims for a **$750 million target in AI by 2025** [6] - There is a recognition of a shift towards **AI-related spending** from customers, with expectations of a **moderated cloud year in 2024** [8] - The company is focusing on **measuring progress** in AI and non-AI segments, with a long-term view on growth [8] Campus Opportunity - Arista is targeting **$750 million in revenue from the Campus segment** [10] - The company has faced **supply chain issues** but is making progress in addressing them [11] - The Campus opportunity is significant, with **50% of it coming from large enterprises** [12] - There is a growing interest in improving Campus networks across various sectors, including education and healthcare [15] Product Development and Strategy - Arista is focused on integrating its offerings into a cohesive platform, leveraging **CloudVision** for visibility and management [18] - The company is exploring **SD-WAN and security solutions** as part of its product strategy [19] - The **NAC solution Agni** was recently announced to address customer pain points [19] Financial Performance and Inventory Management - Arista is currently managing **335 days of inventory**, which is higher than desired due to supply chain constraints [49] - The company is working to reduce inventory levels as lead times improve, but some components still have **52-week lead times** [45][46] - There is a focus on maintaining a strong cash position to navigate supply chain challenges [57] Capital Allocation and M&A Strategy - Arista intends to return cash to shareholders, targeting **50% of cash generated**, but remains opportunistic due to market volatility [58] - The company is focused on **tuck-in acquisitions** rather than large platform buys, looking for technology and talent that align with its existing offerings [60] International Growth - Arista is investing in international markets, with notable growth in **EMEA (56%) and Asia-Pac (72%)** [61] - The company aims to increase its international sales headcount to support this growth [62] Overall Business Model - The dual focus on **AI/cloud and Enterprise Campus** segments provides a balanced growth strategy, helping to mitigate cyclicality [65] - The company emphasizes the importance of executing well in both segments to enhance overall performance [65] Additional Insights - The **importance of technology alignment** and product delivery is highlighted as crucial for future growth, especially in AI deployments [33] - Arista is focused on **power efficiency** in its solutions, particularly with new optical technologies [38][40] This summary encapsulates the key insights and strategic directions discussed during the conference call, providing a comprehensive overview of Arista Networks' current position and future outlook.

Arista Networks, Inc. (NYSE:ANET) UBS Annual Technology, Media and Telecom Conference November 28, 2023 2:55 PM ET CorporateParticipants Anshul Sadana - Chief Operating Officer ConferenceCall Participants David Vogt - UBS David Vogt Good afternoon, everyone. Thanks for joining us here at UBS Tech Conference. I'm David Vogt, I'm the hardware networking analyst. And we're excited to have with us Arista Networks, Anshul Sadana, Chief Operating Officer. Before we get started on so let me just read a quick discl ...