Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Arista Networks recently reported its financial results for the third quarter of 2024, showcasing both strengths and areas that require attention.</li><li>The company achieved revenues of $1.81 billion, marking a year-over-year increase of 20%, and a non-GAAP earnings per share of $2.40, highlighting robust performance.</li><li>This was underpinned by strong contributions from service and software renewals, which accounted for 17.6% of revenues.</li></ul>

Arista Networks recently reported its financial results for the third quarter of 2024, showcasing both strengths and areas that require attention.The company achieved revenues of $1.81 billion, marking a year-over-year increase of 20%, and a non-GAAP earnings per share of $2.40, highlighting robust performance.This was underpinned by strong contributions from service and software renewals, which accounted for 17.6% of revenues.

Arista Networks Inc.: Its Secret Weapon for Enterprise Growth: Bold Campus & AI Expansion Strategies Revealed! - Major Drivers

<ul><li>Arista Networks delivered a strong performance in the fiscal second quarter ending June 30, 2024, signaling positive momentum across various business sectors, with emphasis on AI and cloud networking solutions.</li><li>The company achieved a revenue of $1.69 billion, which surpassed expectations and represents a 15.9% increase year-over-year.</li><li>This was significantly supported by services and software support renewals, which contributed approximately 17.6% of the total revenue.</li></ul>

Arista Networks delivered a strong performance in the fiscal second quarter ending June 30, 2024, signaling positive momentum across various business sectors, with emphasis on AI and cloud networking solutions.The company achieved a revenue of $1.69 billion, which surpassed expectations and represents a 15.9% increase year-over-year.This was significantly supported by services and software support renewals, which contributed approximately 17.6% of the total revenue.

Arista Networks: CloudVision Software Expansion & Other Critical Factors Driving Its Performance! - Financial Forecasts

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

<ul><li><a href="https://www.smartkarma.com/entities/entegris-inc" target="_blank" data-smartkarma-citation="entities:12493" rel="noopener">Entegris Inc (ENTG US)</a> - Memory spending is happening next year, but MSI remains weak.</li><li><a href="https://www.smartkarma.com/entities/astera-labs-inc" target="_blank" data-smartkarma-citation="entities:40921" rel="noopener">Astera Labs (ALAB US)</a> - This is now the second way to play a levered Trainium ramp, as they have extensive content with <a href="https://www.smartkarma.com/entities/amazon-com-inc" target="_blank" data-smartkarma-citation="entities:409" rel="noopener">Amazon.com Inc (AMZN US)</a>.</li><li><a href="https://www.smartkarma.com/entities/lattice-semiconductor-corp" target="_blank" data-smartkarma-citation="entities:7855" rel="noopener">Lattice Semiconductor (LSCC US)</a> - Standard kitchen sink; I like the stock long-term.</li></ul>

Entegris Inc (ENTG US) - Memory spending is happening next year, but MSI remains weak.Astera Labs (ALAB US) - This is now the second way to play a levered Trainium ramp, as they have extensive content with Amazon.com Inc (AMZN US).Lattice Semiconductor (LSCC US) - Standard kitchen sink; I like the stock long-term.

Earnings: ENTG, ALAB, LSCC, SITM, QCOM, MCHP, WOLF, ARM, ACLS, AAOI, ANET, LITE, COHR

Thematic (Sector/Industry)

<ul><li>To make my content readable, this is an optics-only earnings update.</li><li>I will discuss everything together and put together a high-level overview.</li><li>The specific things I am interested in are Marvell’s ZR and custom silicon.</li></ul>

To make my content readable, this is an optics-only earnings update.I will discuss everything together and put together a high-level overview.The specific things I am interested in are Marvell’s ZR and custom silicon.

Optics Earnings (FN, ANET, COHR, LITE, AAOI)

<ul><li>Let’s first talk about Intel. Intel reported earnings last week, and what a surprise; they managed to have a beat and raise!</li><li>I wrote about this in “<a href="https://www.fabricatedknowledge.com/p/is-this-the-intel-inflection" target="_blank" rel="noopener">Is this the Intel Inflection</a>,” noting that, for once, they had low enough hurdles to jump over.</li><li>Most of this quarter’s strength came from Client computing, while Datacenter looked better than feared. There is a slight restocking event with the back-to-school season, which implies that the worst is done for PC CPU inventories.</li></ul>

Let’s first talk about Intel. Intel reported earnings last week, and what a surprise; they managed to have a beat and raise!I wrote about this in “Is this the Intel Inflection,” noting that, for once, they had low enough hurdles to jump over.Most of this quarter’s strength came from Client computing, while Datacenter looked better than feared. There is a slight restocking event with the back-to-school season, which implies that the worst is done for PC CPU inventories.

Earnings: Intel, AMD, ANET, ON, RMBS, SITM, QCOM, QRVO

United States

Arista Networks Inc. provides cloud networking solutions for data-centers and computer environments. The Company offers ethernet switches, pass-through cards, transceivers, cards, and enhanced operating systems. Arista also provides host adapter solutions and networking services and markets its products globally.

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Arista Networks (ANET US)

Arista Networks Inc.: Its Secret Weapon for Enterprise Growth: Bold Campus & AI Expansion Strategies Revealed! - Major Drivers

Arista Networks recently reported its financial results for the third quarter of 2024, showcasing both strengths and areas that require...

Baptista Research

Arista Networks: CloudVision Software Expansion & Other Critical Factors Driving Its Performance! - Financial Forecasts

Arista Networks delivered a strong performance in the fiscal second quarter ending June 30, 2024, signaling positive momentum across various...

Baptista Research

Earnings: ENTG, ALAB, LSCC, SITM, QCOM, MCHP, WOLF, ARM, ACLS, AAOI, ANET, LITE, COHR

What a week (I’m a bit late on this)! I wanted to give a quick overview of all the companies that reported last week. Lattice Semiconductor -...

Fabricated Knowledge

Optics Earnings (FN, ANET, COHR, LITE, AAOI)

To make my content readable, this is an optics-only earnings update. I will discuss everything together and put together a high-level overview.

Fabricated Knowledge

Earnings: Intel, AMD, ANET, ON, RMBS, SITM, QCOM, QRVO

Let’s first talk about Intel. Intel reported earnings last week, and what a surprise; they managed to have a beat and raise! I wrote about this in...

Fabricated Knowledge

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