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Arista Networks Q2: Expansion Into Etherlink AI And Security Networks
ANETArista(ANET) Seeking Alpha·2024-07-31 19:48
Marco VDM/E+ via Getty Images I upgraded Arista Networks, Inc. (NYSE:ANET) to “Strong Buy” in my latest report published in March 2024, highlighting its long-term growth potential in the data center Ethernet switch market. The company released its Q2 result on July 30th after the market close, beating the market expectations. I favor the company’s mid-teen revenue growth driven by data center and AI investments. I reiterate a “Strong Buy” rating with a one-year target price of $420 per share. Further Ex ...