Arista Networks (NYSE:ANET) FY Conference February 25, 2026 04:00 PM ET Company ParticipantsJohn McCool - Chief Platform Officer and SVPRudolph Araujo - Head of Investor AdvocacyConference Call ParticipantsDaniel Zhu - Networking AnalystMark Newman - US IT Hardware AnalystNone - AnalystNone - AnalystMark NewmanOkay, morning, everyone. I think we're about to get started. Just a brief intro. I'm Mark Newman, Bernstein's US IT Hardware Analyst. I'm joined on the stage on the far end by my colleague, Daniel Zhu ...

February 17, 2026 09:05 PM GMT IT Hardware | North America Where There's Smoke… 10 Memory FAQs & Off-Cycle Earnings Preview M Our Hardware Industry downgrade and memory price inflation concerns have prompted several investor questions, which we address in this report. All told, recent earnings results reinforce our conviction in our Cautionary thesis, setting up a challenging off-cycle earnings week ahead. Key Takeaways We are gaining conviction in our cautionary memory thesis...here's the supporting eviden ...

Thank you. Hello and welcome to the Morning Filter podcast. I'm Susan Jabinsky with Morning Star.Every Monday before market open, I sit down with Morning Star chief US market strategist Dave Sakara to talk about what investors should have on their radars for the week, some new Morning Star research, and a few stock ideas. All right. Well, grab your coffee because Dave and I have a lot of ground to cover this morning.Now, last Friday's Supreme Court ruling struck down some of the Trump administration's tarif ...

AI Scales Up as the Biggest Players Battle for Supremacy  The AI industry is careening headlong towards a huge shakeout that’s going to separate the haves from the have-nots and concentrate power in the hands of just a few major players. Just as we saw in the public cloud infrastructure battle, when the dust settles, only a few, all-powerful companies will emerge unscathed, ready to dominate the AI industry for decades to come.  Acquisitions in AI are picking up pace. In the last few months, numerous multi ...

Core Insights - Arista Networks has reported strong earnings, leading to a significant increase in its stock price by 6% [1][2][4] - The company surpassed earnings expectations with an EPS of 82 cents compared to estimates of 76 cents, and revenue of approximately $2.5 billion, exceeding the consensus of $2.38 billion [4][5] - Analysts are overwhelmingly bullish on Arista Networks, with multiple price target increases following the earnings report and a raised revenue growth outlook for 2026 from 20% to 25% [5][7][8] Financial Performance - Arista Networks achieved a quarterly net income milestone of over $1 billion, which was highlighted by the CFO during the earnings call [4] - The company’s first-quarter revenue guidance is set at $2.6 billion, surpassing the consensus estimate of $2.44 billion [5] Analyst Reactions - Piper Sandler raised its price target for Arista Networks from $159 to $175, maintaining an overweight rating due to the larger-than-anticipated earnings beat and strong guidance [7] - Key Bank increased its target from $170 to $178, also keeping an overweight rating, citing the company's potential benefits from AI and expansion into new verticals [7] - Bank of America maintained a buy rating with a new price target of $185, suggesting that growth estimates may be conservative and indicating potential for higher growth in 2026 [8]

Market Overview - Existing Home Sales fell 8.4% month-over-month in January to 3.91 million, missing the estimate of 4.15 million [2] - U.S. equity futures are seeing modest gains after a decline in benchmarks yesterday [10] Treasury and Jobless Claims - The 10-Year Treasury yield decreased by 3.1 basis points to 4.152% [3] - Initial jobless claims were reported at 227,000, down from 232,000 last week but above the consensus of 225,000; continuing claims rose to 1.862 million from 1.841 million, exceeding expectations [9] Earnings Reactions - Applovin and Cisco experienced significant declines of 12.9% and 7.3% respectively following their earnings reports [6] - HubSpot and Equinix saw increases of 16.4% and 12.1% respectively after their earnings announcements [6] - Other notable movements included Zoetis down 6.1% and Alnylam Pharmaceuticals down 5.36%, while Howmet Aerospace and Iron Mountain rose by 9.3% and 6.1% respectively [7]

Market Overview - The broader US tech sector experienced significant pressure, with the Nasdaq Composite dropping over 300 points, or more than 1%, trading at 22,764.90 [1] - The S&P 500 decreased by 0.6% to 6,902.80, while the Dow Jones Industrial Average fell by 249.27 points, or 0.50%, to 49,872.10 [1] Company Performance - Cisco's stock plummeted by 11%, while major companies such as Apple, Nvidia, and IBM saw declines of up to 6% [2] - Indian IT stocks faced a steep sell-off, with Infosys' American Depositary Receipts (ADRs) dropping more than 7% to an intraday low of $14.59, and Wipro's ADRs falling by 5.4% to $2.26 [3] - The Nifty IT index in India settled 5.5% lower, with all 10 stocks in the index slipping into negative territory [3]

Core Viewpoint - U.S. stock futures are showing positive movement, with Dow futures increasing by approximately 100 points, while Rollins Inc experienced a significant decline in pre-market trading due to disappointing quarterly financial results [1]. Company Performance - Rollins Inc reported quarterly earnings of 25 cents per share, which fell short of the analyst consensus estimate of 27 cents per share [1]. - The company's quarterly sales amounted to $912.913 million, missing the analyst consensus estimate of $926.761 million [1]. - Following the earnings report, Rollins shares dropped by 12.6%, reaching a price of $57.34 in pre-market trading [2].

Market Overview - The Dow Jones Industrial Average fell 224 points, or 0.45%, to 49,891.55, slipping below the key 50,000 mark, while the S&P 500 edged up 0.06% to 6,936.48, and the Nasdaq Composite rose 0.29% to 23,097.46, indicating a market divided between old-economy stocks under pressure and selective strength in technology and AI-linked names [18] Commodities - Gold futures surged 1.44%, reclaiming the $5,000 per ounce level, driven by Wells Fargo's bullish price target of $6,300 and a 15-month buying streak by China's central bank, highlighting its status as a hedge against economic uncertainty [2][11] - Silver also saw a significant increase, gaining over 4%, as investors turned to hard assets amid macro uncertainty and inflation risks [11] Cryptocurrency - Bitcoin fell below $69,000, continuing a volatile trend, with the Nasdaq Crypto Index dropping 2.66%, reflecting a cooling of speculative interest in the market [3][12] - The recent selloff marked Bitcoin's sharpest daily drop since 2022, indicating a lack of confidence in the cryptocurrency market [12] Technology Sector - The tech-heavy Nasdaq found support from selective buying in AI and semiconductor stocks, with NVIDIA trading higher due to continued confidence in long-term demand for AI infrastructure [7][15] - However, the software sector faced challenges, exemplified by monday.com, whose shares plunged 23% after issuing disappointing revenue and profit guidance, raising concerns about AI's impact on margins and pricing power [9][10] Upcoming Events - Markets are focused on upcoming earnings reports from major companies like Coca-Cola, McDonald's, and Cisco, as well as macroeconomic data including the January jobs report and inflation data, which could influence expectations for interest rates and growth [13]

Core Insights - Lantronix Inc. will showcase its Out-of-Band (OOB) management solutions at Cisco Live 2026 in Amsterdam, aimed at reducing unscheduled downtime through automated management and recovery [1][2] Company Overview - Lantronix is a global leader in Edge AI and Industrial IoT solutions, providing intelligent computing, secure connectivity, and remote management for mission-critical applications [3] - The company serves high-growth markets such as smart cities, enterprise IT, and unmanned systems, including drones, enabling customers to optimize operations and accelerate digital transformation [3] Product Features - The OOB solutions offer end-to-end workflows that connect console access, centralized administration, and operational automation across distributed sites and large-scale environments [2] - Key benefits include reduced downtime, quicker incident response, and faster recovery, maintaining secure access to remote infrastructure during outages or security incidents [6] - The solutions also aim to reduce manual work in Network Operations Centers (NOCs) and field operations by standardizing common tasks [6] Event Details - Lantronix will conduct a speaking session titled "Out-of-Band Everywhere," focusing on how OOB advancements enhance network infrastructure management and security while generating new business options [2][6] - The session is scheduled for February 10, 2026, at 15:20, featuring Ryan Hogg, the director of Product Strategy [6]