2024-02-09 18:13:46 ET
Summary
- Arista Networks' shares have outperformed the S&P 500, with a return of 37.7% compared to the index's 19.2%.
- The company is expected to announce robust year-over-year growth in its financial results for Q4 of fiscal year 2023.
- Arista Networks is benefiting from significant investments in the cloud networking market, which is expected to reach $51 billion by 2027.
- Shares are looking awfully pricey, but the firm is still a decent 'buy' candidate at this time.
Nobody is perfect when it comes to investing. I wish I were, but I am far from it. But one thing I can take pride in is the fact that, when I am wrong, I end up admitting it. In an article that I published in late October of last year, I made an admission regarding a technology company known as Arista Networks, Inc. ( ANET ). For those who don't know, Arista Networks focuses on providing its customers with cloud networking capabilities. It does this primarily through its Arista Extensible Operating System (or EOS). This platform helps with establishing workflow automation for customers, while also providing tools and applications that help users monitor, detect, and report on network issues when they arise. It offers top of the line security as well....
Read the full article on Seeking Alpha
For further details see:
Arista Networks: Shares Are Looking Awfully Pricey Heading Into Earnings