Arista Networks (ANET) closed the latest trading day at $360.42, indicating a -0.41% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 0.53%, and the Nasdaq, a tech-heavy index, added 0.4%.Heading into today, shares of the cloud networking company had gained 10.17% over the past month, outpacing the Computer and Technology sector's gain of 4.22% and the S&P 500's gain of 3.78% in that time.The investment community will be cl ...

When stocks are cruising at or nearing 52-week highs, it reflects considerable bullishness with trends where buyers are in control. Stocks making new highs tend to make even higher highs, particularly when analysts' positive earnings estimate revisions are rolling in. That’s been precisely the case for Arista Networks (ANET) , Datadog (DDOG) , and Walmart (WMT) , all of which presently sport a favorable Zacks Rank and are trading near 52-week highs. Let’s take a closer look at what’s been driving the bullis ...

The most recent trading session ended with Arista Networks (ANET) standing at $371.07, reflecting a +1.35% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.1% for the day. Elsewhere, the Dow lost 0.08%, while the tech-heavy Nasdaq added 0.28%.Shares of the cloud networking company have appreciated by 23.37% over the course of the past month, outperforming the Computer and Technology sector's gain of 8.41% and the S&P 500's gain of 4.08%.Analysts an ...

Are analysts right to be pessimistic about these AI stocks? What's the modern-day equivalent to King Midas turning everything he touched to gold? Artificial intelligence (AI) is a top candidate. Many AI stocks have delivered sizzling gains over the past 18 months. Nvidia (NVDA -0.36%) is the most famous example, with the demand for its AI chips helping push the company's market cap above $3 trillion. But all good things eventually come to an end. Although analysts still think Nvidia has some room to run, th ...

Identifying the best growth stocks to outperform the market with is no easy task. Especially ones that can consistently outperform the market year after year. Odds are that if you are not new to the stock market, you’ve invested in a company that had one or more exceptional years followed by many bad ones. Suddenly your hard-earned cash is lost after what seemed like a sustainable rally. This is why careful selection of growth stocks is paramount to protect your wealth and limit the potential downside risk ...

Investors taking a second glance at Arista Networks (ANET)  stock may notice that it has more than doubled since 2023 and is sitting on +47% gains this year.As one of the market’s top performers, let’s see if the rally in the cloud networking giant’s stock can continue and if it's still time to buy.Image Source: Zacks Investment ResearchConsistency & Cloud DemandWith internet servers, software, and databases revolving around cloud networks which are a single ecosystem of connectivity, Arista's solutions hav ...

It’s no secret that the hardware industry stands to gain a lot from the boom in artificial intelligence. After all, it is the continued growth of the tech hardware industry that makes developments, such as AI, more available to the public.The global computer hardware market is expected to grow to $914.55 billion by 2028 at a 6.5% CAGR. While this growth comes from a myriad of factors, one of the more notable ones include the expansion of data centers. All of the cloud service industry leaders, Amazon (NASDA ...

Morningstar.com recently discussed how GE Aerospace (NYSE:GE) stock has skyrocketed over the past 12 months, gaining 86%, with more than half the gains in 2024. Apparently momentum plays like GE have become the stocks to buy entering the second half of the year. It’s hard to believe that GE’s become a momentum stock after lying dormant for so many years. Kudos to CEO Larry Culp for the job he’s done delivering value for long-suffering shareholders.GE isn’t the only stock that skyrocketed over the past year. ...

We've heard it many times this year: "Nvidia is the only thing holding up this market!" But is it really?Nvidia ((NVDA) is currently experiencing its second worst correction of 2024, now ~14% off its all-time high. And yet the S&P 500 has barely budged – it's a point off its all-time high. Nvidia, Qualcomm and Broadcom Stocks Sell Off Nvidia isn’t alone in this correction either, several other leading AI stocks have taken a hit over the last week, led primarily by fellow semiconductor stocks.Along with Nvid ...

In the latest trading session, Arista Networks (ANET) closed at $340.34, marking a +0.08% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.25%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.03%.The the stock of cloud networking company has risen by 6.48% in the past month, lagging the Computer and Technology sector's gain of 8.7% and overreaching the S&P 500's gain of 3.34%.Analysts and investors alike will be keeping a close eye on th ...