Latest news with #AristaNetworksInc
Yahoo
17 hours ago
- Business
- Yahoo
KeyBanc Begins Coverage of Arista Networks (ANET) Stock, Gives Overweight
Arista Networks Inc (NYSE:ANET) is one of the Top 10 AI and Technology Stocks to Buy According to Analysts. On June 26, KeyBanc analyst Brandon Nispel began coverage of the company's stock with an 'Overweight' rating and a price objective of $115, as reported by The Fly. The firm highlighted Arista Networks Inc (NYSE:ANET)'s leadership position in cloud and data center networking, demonstrating its industry-leading organic growth, which continues to compound over the past decade and is anticipated to continue. A technician in a server room managing a large-scale network of computers. Furthermore, the firm also expects Arista Networks Inc (NYSE:ANET) to perform well, with the industry shifting towards AI and hyperscalers continuing their spending patterns. Notably, the company's established relationships with cloud titans continue to show accelerating growth in 2025. The firm believes that Arista Networks Inc (NYSE:ANET) warrants a premium valuation, and any pullback should be considered as a buying opportunity. As the company enters 2025, AI, cloud, and enterprise customers have been driving network transformation. The company exceeded $2 billion in revenue for the first time in Q1 2025. Arista Networks Inc (NYSE:ANET) rolled out advanced capabilities to maximize AI cluster performance and efficiency. Renaissance Investment Management, an investment management company, released its Q1 2025 investor letter. Here is what the fund said: 'Arista Networks Inc (NYSE:ANET) dropped after reporting in-line forward guidance, leading to increasing questions around the sustainability of capital investments that have driven the company's growth. While we were disappointed with Arista's stock reaction, we remain encouraged by strong demand for the company's data center switching products, which remain essential to the secular growth of cloud computing.' While we acknowledge the potential of ANET to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ANET and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds' investor letters by entering your email address below. Sign in to access your portfolio
Yahoo
20-06-2025
- Business
- Yahoo
Arista Networks (ANET) Names Todd Nightingale as New President and Chief Operating Officer
Arista Networks Inc (NYSE:ANET) is one of the 11 must-buy AI stocks analysts are betting on. On June 16, the company announced the appointment of Todd Nightingale as its President and Chief Operating Officer, effective July 1, 2025. Nightingale brings extensive industry experience, having served as CEO of Fastly and held key leadership roles at Cisco Systems, including overseeing its Enterprise Networking and Cloud division. His expertise is expected to contribute significantly to Arista's growth. A data center filled with the latest servers and networking equipment representing the company's cutting edge security infrastructure. Under his employment agreement, Nightingale will receive a $350,000 annual salary, a prorated 2025 bonus, and eligibility for discretionary bonuses in 2026. His compensation package includes $30 million in restricted stock units (RSUs) and $2 million in performance-based stock units (PSUs), pending corporate approvals and vesting requirements. Arista continues strengthening its leadership team with strategic appointments as it reports 22.3% revenue growth over the past year. Nightingale's role is set to accelerate Arista's innovation and operational efficiency in the networking space. Arista Networks Inc. (NYSE:ANET) provides client-to-cloud networking solutions for AI, data center, campus, and routing applications. Its offerings include the EOS platform, network applications, and support services, delivered through both direct and partner channels. While we acknowledge the potential of ANET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Healthcare Stocks to Buy Now and 10 Stocks Analysts Are Upgrading Today. Disclosure: None.
Yahoo
06-06-2025
- Business
- Yahoo
Jim Cramer on Arista Networks Inc (ANET) Stock: 'I Don't Understand Why It's Down This Much'
We recently published a list of . In this article, we are going to take a look at where Arista Networks Inc (NYSE:ANET) stands against other stocks that Jim Cramer discussed recently. A caller asked how much runway Arista Networks Inc (NYSE:ANET) has in the AI boom. Here's what Cramer had to say in response: 'Okay…. I've been, boy, you know, I talked about Arista this morning with someone, and we were both aghast that the stock has come down this much. This is a terrific company, and I hadn't, it was with Jeff Marks, my partner for the club, and we think, we gotta do some work. I want Jayshree back. Okay? I'm not going to, Jayshree deserves to have her story told rather than just accept that 19% decline. That's what we're going to do. We'll have her back because I don't understand why it's down this much.' A technician in a server room managing a large-scale network of computers. Arista Networks (NYSE:ANET) develops and sells networking solutions and software to support AI, cloud, and data center operations. The company also provides ongoing customer support and serves a wide range of industries through different sales channels. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
05-06-2025
- Business
- Yahoo
Jim Cramer on Arista Networks Inc (ANET) Stock: 'I Don't Understand Why It's Down This Much'
We recently published a list of . In this article, we are going to take a look at where Arista Networks Inc (NYSE:ANET) stands against other stocks that Jim Cramer discussed recently. A caller asked how much runway Arista Networks Inc (NYSE:ANET) has in the AI boom. Here's what Cramer had to say in response: 'Okay…. I've been, boy, you know, I talked about Arista this morning with someone, and we were both aghast that the stock has come down this much. This is a terrific company, and I hadn't, it was with Jeff Marks, my partner for the club, and we think, we gotta do some work. I want Jayshree back. Okay? I'm not going to, Jayshree deserves to have her story told rather than just accept that 19% decline. That's what we're going to do. We'll have her back because I don't understand why it's down this much.' A technician in a server room managing a large-scale network of computers. Arista Networks (NYSE:ANET) develops and sells networking solutions and software to support AI, cloud, and data center operations. The company also provides ongoing customer support and serves a wide range of industries through different sales channels. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
22-05-2025
- Business
- Yahoo
Arista Networks (ANET) Slid on Investor Doubts Over Capital Sustainability
Renaissance Investment Management, an investment management company, released its Q1 2025 'Large Cap Growth Strategy' investor letter. A copy of the letter can be downloaded here. The S&P 500 experienced a 4.3% loss in Q1 due to uncertainty in technology stock valuations and US economic policies. However, seven sectors showed positive returns, with Energy, Health Care, and Utilities sectors showing the strongest performance. The S&P 500 has not experienced a significant correction since 2023, which can be expected to occur every couple of years. However, there are still good investment opportunities in high-quality, reasonably priced stocks that have not matched concentrated market indices. The S&P 500 (-4.3%) and Russell 1000 Growth Index (-10%) declined in Q1, with large-cap stocks outperforming smaller-cap stocks and Value outperforming Growth. For the quarter, the strategy exceeded the Russell 1000 Growth benchmark and lagged the S&P 500. For more information on the fund's best picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Renaissance Large Cap Growth Strategy highlighted stocks such as Arista Networks, Inc. (NYSE:ANET). Arista Networks, Inc. (NYSE:ANET) is a technology company that engages in the development and distribution of data-driven, client-to-cloud networking solutions. The one-month return of Arista Networks Inc. (NYSE:ANET) was 22.77%, and its shares gained 22.66% of their value over the last 52 weeks. On May 21, 2025, Arista Networks Inc. (NYSE:ANET) stock closed at $92.43 per share with a market capitalization of $116.085 billion. Renaissance Large Cap Growth Strategy stated the following regarding Arista Networks Inc (NYSE:ANET) in its Q1 2025 investor letter: "Arista Networks Inc (NYSE:ANET) dropped after reporting in-line forward guidance, leading to increasing questions around the sustainability of capital investments that have driven the company's growth. While we were disappointed with Arista's stock reaction, we remain encouraged by strong demand for the company's data center switching products, which remain essential to the secular growth of cloud computing." A technician in a server room managing a large-scale network of computers. Arista Networks Inc (NYSE:ANET) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 78 hedge fund portfolios held Arista Networks Inc (NYSE:ANET) at the end of the fourth quarter which was 70 in the previous quarter. Arista Networks Inc (NYSE:ANET) achieved a significant milestone in Q1 2025, exceeding $2 billion in revenue for the first time, which reflects a 27.6% year-over-year increase. While we acknowledge the potential of Arista Networks Inc (NYSE:ANET) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Arista Networks Inc (NYSE:ANET) and shared the list of stocks that were discussed by Jim Cramer. In its investor letter for Q1 2025, Deep Sail Capital emphasized Arista Networks (NYSE:ANET), highlighting the company's strong position in cloud networking and AI-driven infrastructures. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
