Arista Networks projected fourth-quarter revenue above Wall Street estimates on Thursday, as the growing foot print of data centers amid an AI boom lifted demand for its networking equipment.
Arista Q3 earnings and revenue topped estimates amid views artificial intelligence-related growth will kick-in in 2025. The post Arista Networks Earnings, Revenue Top Estimates Amid Big 2024 Gain appeared first on Investor's Business Daily.
Arista Networks (ANET) is well positioned to outperform the market, as it exhibits above-average growth in financials.
The AI story continues to grip investors, with many seeking exposure over the last year.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
With healthy revenue-generating potential driven by robust demand trends, ANET appears to be a solid investment proposition.
Arista Networks has exceeded growth expectations in the AI networking market, overcoming competition from Nvidia and Broadcom. The company aims for $750 million in AI networking revenue by 2025 within an estimated $60 billion market. Arista's revenue is projected to grow 16-18% this year, with high operating margins expected to reach 47.8% in FY24.
Stride, Brinker International and Arista Networks have been selected as the momentum picks for the day using the Driehaus strategy.
Arista Networks (ANET) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Arista Networks, Arista Networks and Qualcomm are included in this Analyst Blog.
In the most recent trading session, Arista Networks (ANET) closed at $392.38, indicating a -0.43% shift from the previous trading day.
ANET, ATUS and QCOM are poised to benefit from higher demand for scalable infrastructure for seamless connectivity.