2024-02-16 08:30:17 ET
Summary
- Arista Networks stock has increased strongly based primarily on higher market expectations.
- ANET has a history of beating expectations but is fairly valued so the stock remains a hold.
- Arista reported strong 4Q23 earnings, beating consensus estimates for sales, gross profit, operating income, and net income.
I first wrote about Arista Networks ( ANET ) in June 2023 with a Buy rating, and again in August. Since June the stock is up 78%. While Arista has certainly reported well, the stock performance has largely come from an increase in expectations on the company, and in this post I will walk through some numbers that clearly demonstrate this while also reviewing the latest 4Q23 earnings release....
Read the full article on Seeking Alpha
For further details see:
Arista Q4 '23 Earnings Review: Stronger For Longer