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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Recent trading sessions have witnessed a sharp and sudden downturn in the stock price of Arista Networks NYSE: ANET. On January 27, 2025, shares of the technology company experienced a dramatic plunge of approximately 19%, opening on January 29, 2025, at $109.62, a significant decrease from the previous close of $129.17.
In the latest trading session, Arista Networks (ANET) closed at $107.84, marking a +1.22% move from the previous day.
Arista Networks (ANET) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Arista Networks should benefit from increased AI capex by top clients Microsoft and Meta Platforms, signaling potential revenue growth beyond current market expectations. Most recently, Meta Platforms announced an additional $65B spend in capex, which is extremely beneficial for Arista Networks due to the robust partnership between the two companies. DeepSeek may have rocked the AI party boat, but I believe these headwinds are temporary and unwarranted for the AI networking market.
Some years ago, I might have assumed that Arista Networks (ANET -0.54%) had something to do with Arista Records, the music label famous for stars such as Whitney Houston and Aretha Franklin. But no -- Arista Networks is a specialist in networking (think routers, network switches, etc.
Arista Networks (ANET 6.85%) stock surged in Wednesday's trading. The networking hardware company's share price ended the daily session up 6.8% and had been up as much as 8% earlier in trading.
Arista Networks (ANET) closed the most recent trading day at $121.43, moving +1.23% from the previous trading session.
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