Are You Looking for a Top Momentum Pick? Why Arista Networks (ANET) is a Great Choice

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, leveraging established price movements for profitable trades [1] Company Overview: Arista Networks (ANET) - Arista Networks currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance in the market [2][6] - Over the past week, ANET shares have increased by 14.44%, significantly outperforming the Zacks Communication - Components industry, which rose by only 0.87% [3] - In a longer time frame, ANET shares have gained 18.38% over the past quarter and 124.58% over the last year, while the S&P 500 has only moved 5.76% and 28.32% respectively [4] Trading Volume - The average 20-day trading volume for ANET is 2,935,189 shares, which serves as a bullish indicator when combined with rising stock prices [4] Earnings Outlook - In the past two months, 9 earnings estimates for ANET have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $7.46 to $7.92 [5] - For the next fiscal year, 9 estimates have also moved upwards without any downward revisions [5]