Arista Networks Stock Climbs 6.15% Pre-Market, Technical Score of 82
June 19, 2023
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Arista Networks ($NYSE:ANET) Inc. is a leading provider of cloud networking solutions for large datacenter and computing environments. This morning pre-market trading for ANET is up significantly, with a 6.15% increase to 149.9 dollars per share. The impressive short-term technical score of 82 further confirms the health of the stock and confidence of investors in the company. Analysts attribute the rise in stock price to Arista’s success in producing high-end cloud networking equipment and the innovative software solutions that the company offers. Their comprehensive platform and open source software development capabilities have enabled them to remain at the forefront of the industry and maintain their strong market position.
Arista’s growth strategy and products have been praised by customers and industry professionals alike. As one of the leading providers of cloud networking solutions, Arista has gained a reputation for offering reliable, efficient, and secure solutions that help customers build, manage and secure their networks. With the strong technical score and positive outlook from investors, it appears that Arista is well-positioned for continued success in the near future.
Analysis
At GoodWhale, we have conducted an analysis of ARISTA NETWORKS‘s wellbeing. The results of our Star Chart show that ARISTA NETWORKS is strong in asset, growth, and profitability, but weak in dividend. Therefore, we have categorized it as a ‘gorilla’ type of company – one that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. For investors interested in ARISTA NETWORKS, this company may be of interest due to its high health score of 10/10 in regards to cashflows and debt. This demonstrates that the company is capable of funding operations, and paying off debt in the future. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Arista Networks. More…
| Total Revenues | Net Income | Net Margin |
| 4.86k | 1.52k | 31.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Arista Networks. More…
| Operations | Investing | Financing |
| 650.16 | 267.19 | -593.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Arista Networks. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.54k | 2.21k | 17.3 |
Key Ratios Snapshot
Some of the financial key ratios for Arista Networks are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.6% | 31.6% | 35.7% |
| FCF Margin | ROE | ROA |
| 12.7% | 21.2% | 14.4% |
Peers
The telecommunications industry is highly competitive, with Arista Networks Inc competing against Ciena Corp, Eutelsat Communications, Novra Technologies Inc, and others. Arista Networks Inc has a strong product portfolio and a history of innovation, which has helped it to maintain a leading position in the market.
– Ciena Corp ($NYSE:CIEN)
Ciena is a network specialist that provides equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic on communications networks. The company has a market cap of $6.08B as of 2022 and a ROE of 6.6%. Ciena’s products are used in a variety of network architectures, including point-to-point, metro, and core networks.
– Eutelsat Communications ($LTS:0JNI)
Eutelsat Communications is a French-based company that provides satellite communication services to broadcasters, content providers, Internet service providers, mobile operators, and business and government customers. As of 2022, the company had a market cap of 1.93 billion and a return on equity of 9.77%. Eutelsat Communications operates a fleet of 38 satellites that provide coverage over Europe, the Middle East, Africa, Asia-Pacific, and the Americas. The company also provides ground infrastructure and teleport services.
– Novra Technologies Inc ($TSXV:NVI)
Novra Technologies Inc is a publicly traded company with a market capitalization of 3.01 million as of 2022. The company has a return on equity of 28.3%. Novra Technologies Inc is a technology company that specializes in the development and commercialization of products and solutions for the satellite and cable television markets. The company’s products and solutions are used by broadcasters, network operators, and content providers to distribute video, audio, and data signals.
Summary
Investing in Arista Network Inc (ANET) can be a profitable venture. The stock price is up 6.15% in pre-market trading, and its short-term technical score of 82 suggests that the stock will remain strong in the near future. ANET is a good investment option for those looking for a long-term growth as the company has consistently increased its stock price over the past few years.
Additionally, Arista Networks has a wide range of products and services that have been accepted worldwide, and their strong customer base and partnerships with other companies provide further assurance of their future success. With the current momentum, ANET is certainly a stock to watch in the near future.
