Arista Networks Inc’s Stock Price Soars to $116.53, Witnessing a Robust Increase of 3.70%

Arista Networks Inc (ANET)

116.53 USD +4.16 (+3.70%) Volume: 10.0M

Arista Networks Inc’s stock price is on the rise, currently valued at 116.53 USD, marking a significant increase of +3.70% this trading session. The trading volume stands at an impressive 10.0M, reflecting the strong market interest in ANET. With a remarkable +97.92% change YTD, Arista Networks Inc continues to demonstrate robust stock performance for investors.

Latest developments on Arista Networks Inc

Arista Networks, Inc. (ANET) has been making waves in the stock market recently, hitting fresh highs and projecting strong growth in the cloud and AI sectors for 2025. The company’s stock has outperformed competitors, leading to a strong trading day and catching the attention of investors. Even with an 83% rally, financial expert Jim Cramer notes that Arista Networks remains relatively unknown to many, attributing this to its invisibility in the market. With JPMorgan’s top picks for cyclical recovery also including Arista Networks, it seems that the company is on track for continued success.

Arista Networks Inc on Smartkarma

Analyst coverage of Arista Networks on Smartkarma has been positive, with research reports from Baptista Research highlighting the company’s strong financial performance in recent quarters. In a report titled “Arista Networks Inc.: Its Secret Weapon for Enterprise Growth: Bold Campus & AI Expansion Strategies Revealed! – Major Drivers,” the company’s revenue growth of 20% year-over-year and robust non-GAAP earnings per share of $2.40 were noted. Service and software renewals were key contributors to Arista Networks‘ success, accounting for 17.6% of revenues.

Another report by Baptista Research, titled “Arista Networks: CloudVision Software Expansion & Other Critical Factors Driving Its Performance! – Financial Forecasts,” highlighted Arista Networks‘ strong performance in the fiscal second quarter of 2024. The company exceeded revenue expectations with a total of $1.69 billion, marking a 15.9% increase year-over-year. Emphasis on AI and cloud networking solutions, along with services and software support renewals, played a significant role in driving Arista Networks‘ positive momentum across various business sectors.

A look at Arista Networks Inc Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking at the Smartkarma Smart Scores for Arista Networks, the company seems to have a promising long-term outlook. With high scores in Growth and Resilience, Arista Networks is positioned well for future expansion and the ability to weather any potential challenges. The company’s focus on innovation and adaptability in the rapidly changing tech industry bodes well for its continued success.

While Arista Networks may not score as high in Value and Dividend, its strong performance in Growth, Resilience, and Momentum indicate a positive trajectory for the company. As a provider of cloud networking solutions for data-centers and computer environments, Arista Networks is well-positioned to capitalize on the increasing demand for reliable and efficient networking services. With a global market presence and a commitment to enhancing its products and services, Arista Networks is likely to remain a key player in the industry for the foreseeable future.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma