Latest news with #JabilInc
Globe and Mail
10 hours ago
- Business
- Globe and Mail
Invest in This Dream 5-Stock Diversified Portfolio for Gains in 2H
Wall Street closed at a record-high level to finish a turbulent first half of 2025. June was highly successful for U.S. stock markets. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — were up 4%, 5.7% and 5.7%, respectively. However, a microscopic analysis of U.S. stocks reveals that despite a solid finish, the indexes witnessed the weakest first half performance since 2022. The chances of a U.S.-China trade deal, the Fed's indication of two 25 basis-points interest rate cuts and the evaporation of recession worries in the U.S. economy should act as catalysts during the second half. An Imaginary Portfolio At this stage, we offer an imaginary diversified portfolio comprising just five stocks selected from different industries. Each of these stocks skyrocketed more than 50% in first-half 2025. Despite this, their current favorable Zacks Rank indicates more upside in the short term. These stocks are: Jabil Inc. JBL, Howmet Aerospace Inc. HWM, CVS Health Corp. CVS, Carvana Co. CVNA and NRG Energy Inc. NRG. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. The chart below shows the price performance of our five picks year to date. Jabil Inc. Zacks Rank #1 Jabil has been benefiting immensely from healthy momentum in capital equipment, AI-powered data center infrastructure, cloud, and digital commerce business verticals. Its focus on end-market and product diversification is a key catalyst. Jabil's target that 'no product or product family should be greater than 5% operating income or cash flows in any fiscal year' is commendable. JBL's high free cash flow indicates efficient financial management practices, optimum utilization of assets, and improved operational efficiency. Massive application of generative AI is set to drastically increase the efficiency of JBL's automated optical inspection machines for the automation industry. A large-scale portfolio of business sectors offers JBL a high degree of resiliency during times of macroeconomic and geopolitical disruption. Jabil has an expected revenue and earnings growth rate of 5.9% and 18.5%, respectively, for the next year (ending August 2026). The Zacks Consensus Estimate for next-year earnings has improved 9% over the last 30 days. Howmet Aerospace Inc. Zacks Rank #1 Howmet Aerospace is benefiting from solid momentum in the commercial aerospace market, driven by robust build rates and wide-body aircraft recovery. HWM is also witnessing strength in its defense aerospace business on the back of rising U.S. & international defense budgets. Robust orders for engine spares for the F-35 program and spares and new builds for legacy fighters augur well for HWM. Given the strength in most of its served markets, HWM has built a sound liquidity position that supports its shareholder-friendly policies. Howmet Aerospace has an expected revenue and earnings growth rate of 8.5% and 29%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last seven days. CVS Health Corp. Zacks Rank #2 CVS Health is investing in advanced technological capabilities to cut costs and improve customer experience. Improved Medicare Advantage star ratings for the 2025 payment year are helpful for CVS. To stay competitive, CVS regularly reviews its national footprint, planning to close 271 stores and save more than $500 million in 2025. Oak Street Health continues to demonstrate strong patient growth, boosting the Healthcare delivery business. In Pharmacy and Consumer Wellness, CVS maintains a strong retail pharmacy script share position despite the reduced store count. CVS Health has an expected revenue and earnings growth rate of 3.5% and 12.6%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 2.3% over the last 60 days. Carvana Co. Zacks Rank #2 Carvana's acquisition of ADESA's U.S. operations has strengthened its logistics network, auction capabilities and reconditioning processes. By utilizing ADESA's infrastructure, CVNA can scale refurbishment operations, improving both the quality and volume of vehicles prepared for resale. CVNA anticipates sequential year-over-year growth in retail unit sales for second-quarter 2025. Despite being the nation's second-largest used car retailer, CVNA holds only a 1% share of the highly fragmented U.S. automotive retail market, signaling substantial expansion potential as online car buying gains traction. CVNA's emphasis on driving significant adjusted EBITDA per unit is reinforced by the ongoing enhancements in technology, processes and operational efficiency. Carvana has an expected revenue and earnings growth rate of 32.1% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 7.8% over the last 30 days. NRG Energy Inc. Zacks Rank #2 NRG Energy operates as an energy and home services company in the United States and Canada. NRG produces and sells electricity generated using coal, oil, solar, and battery storage, natural gas, and a cloud-based home platform. NRG continues to expand its operations through organic and inorganic initiatives. Its diverse customer base and ability to retain customers enhance its financial performance. NRG aims to achieve net-zero emissions by 2050. NRG's capital allocation plan should strengthen the balance sheet and increase its shareholder value through share repurchases and dividend payments. NRG's LS Power deal expands its operation and doubles its electricity generation capacity. NRG Energy has an expected revenue and earnings growth rate of 2.6% and 17%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 2.8% over the last 60 days. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NRG Energy, Inc. (NRG): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report Jabil, Inc. (JBL): Free Stock Analysis Report Carvana Co. (CVNA): Free Stock Analysis Report Howmet Aerospace Inc. (HWM): Free Stock Analysis Report
Yahoo
a day ago
- Business
- Yahoo
5 Must-Buy High-Flying Stocks With AI Frenzy Set to Dominate H2 2025
The astonishing rally of U.S. stocks in 2023 and 2024 continued in the first half of 2025, albeit at a slow pace. The rally was predominantly driven by the technology sector with an unprecedented adoption of generative artificial intelligence (AI) technology across the world. The AI-driven rally suffered multiple setbacks in first-half 2025 due to the unveiling of the low-cost Chinese DeepSeek AI platform, the Trump administration's decision to stop the export of high-end AI processors to China, global turmoil related to trade after President Trump imposed reciprocal tariffs and geopolitical conflicts in the Middle East. AI infrastructure space recently gathered steam, with the DeepSeek-related fears turning out to be overblown. Moreover, chances of a U.S.-China trade deal, the Fed's indication of two rate cuts of 25 basis points each this year and the evaporation of recession worries in the U.S. economy boosted market participants confidence. Here we recommend five AI stocks to invest in for the second half of this year. These stocks have appreciated in the past three months. Each of our picks sports a Zacks Rank #1 (Strong Buy) reflecting near-term price upside potential. You can see the complete list of today's Zacks #1 Rank stocks here. These stocks are: Jabil Inc. JBL, Twilio Inc. TWLO, UiPath Inc. PATH, Intuit Inc. INTU and Dell Technologies Inc. DELL. The recent AI turmoil is nothing but profit-taking, especially on the part of institutional investors. Stock markets consist of bull and bear operators. As bulls fly high, bears wait quietly for a suitable time and some factors necessary for profit-booking so that they can reenter the market at a reasonably low level. Stock prices of several AI companies have skyrocketed 100-500% in the last two years. Therefore, the speculation of a market correction was ripe from the beginning of 2025. Nevertheless, the AI space remains rock solid supported by an extremely bullish demand scenario. Four of the 'magnificent 7' stocks have decided to invest a massive $325 billion in 2025 as capital expenditure for AI-infrastructure development. This marks a significant 46% year-over-year increase in capital spending on the AI ecosystem. This huge spending on AI infrastructure will dramatically change the world over the next five years in fields like hyperscale automation, robotics, healthcare, energy, materials, financials and cybersecurity. Research firm Oppenheimer estimated that the total addressable global sovereign AI market could be a massive $1.5 trillion. The chart below shows the price performance of our five picks in the past three months. Image Source: Zacks Investment Research Jabil has been benefiting immensely from healthy momentum in capital equipment, AI-powered data center infrastructure, cloud, and digital commerce business verticals. Its focus on end-market and product diversification is a key catalyst. Jabil's target that 'no product or product family should be greater than 5% operating income or cash flows in any fiscal year' is commendable. JBL's high free cash flow indicates efficient financial management practices, optimum utilization of assets, and improved operational efficiency. Massive application of generative AI is set to drastically increase the efficiency of JBL's automated optical inspection machines for automation industry. A large-scale portfolio of business sectors offers JBL a high degree of resiliency during times of macroeconomic and geopolitical disruption. Jabil has an expected revenue and earnings growth rate of 5.9% and 18.5%, respectively, for the next year (ending August 2026). The Zacks Consensus Estimate for next-year earnings has improved 9% over the last 30 days. Twilio is a leading provider of cloud communications Platform-as-a-Service in the United States and internationally. TWLO is focusing on generative AI offerings to tap the growing opportunities in this space. In this regard, TWLO launched Customer AI technology in June 2023, which powerfully combines customer engagement platform data, generative and predictive AI, and large language models (LLMs) to unlock stronger customer relationships for brands. TWLO is integrating generative AI capabilities across its platform and every customer touchpoint. The company believes that by training LLMs for customers with their data inside its Segment customer data platform, Twilio will be able to help customers enter the AI race multiple steps ahead of their peers. TWLO has also partnered with Alphabet Inc. (GOOGL) for Google Cloud to integrate generative AI into the Twilio Flex customer engagement platform. Twilio's initiative to integrate generative and predictive AI technology across its platform is likely to boost its revenue growth over the long run. Twilio enables companies to create personalized, customer-aware experiences powered by OpenAI. Through this integration, Twilio customers will be able to use OpenAI's GPT-4 model to power new generative capabilities in Twilio Engage, its multichannel marketing solution built on the Segment Customer Data Platform. Twilio has an expected revenue and earnings growth rate of 7.9% and 22.3%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 6.9% over the last 60 days. UiPath provides an end-to-end automation platform that offers a range of robotic process automation solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. PATH offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. The PATH platform's embedded AI (artificial intelligence), ML (machine language), and NLP (Natural Language Processing) capabilities improve decisioning and information processing. PATH introduced new generative AI features, including specialized LLMs (Large Language Model) such as DocPATH and CommPATH, and Context Grounding, to enhance automated AI models for specific business needs. UiPath has an expected revenue and earnings growth rate of 8.5% and 5.7%, respectively, for the current year (ending January 2026). The Zacks Consensus Estimate for current-year earnings has improved 7.7% over the last 30 days. Intuit has been benefiting from steady revenues from the Online Ecosystem and Desktop business segments. INTU's strong momentum in Online Services revenues is driven by the solid performance of Mailchimp, payroll and Money, which includes payments, capital and bill pay. Intuit's generative AI-powered "Intuit Assist," provides financial assistant, enabling personalized insights and recommendations, integrated into products like TurboTax, Credit Karma, QuickBooks, and Mailchimp, aiming to fuel small business and personal financial success. INTU's Credit Karma business is benefiting from strength in Credit Karma Money, credit cards, auto insurance and personal loans. INTU's strategy of shifting its business to a cloud-based subscription model will help generate stable revenues over the long run. Cloud is a flourishing part of the technology space and has been gaining momentum in recent years. Intuit has an expected revenue and earnings growth rate of 11.7% and 13.7%, respectively, for the next year (ending July 2026). The Zacks Consensus Estimate for next-year earnings has improved 0.2% over the last 30 days. Dell Technologies has been benefiting from strong demand for AI servers driven by ongoing digital transformation and heightened interest in generative AI applications. In the last reported quarter, DELL secured $12.1 billion in AI server orders, surpassing shipments and building a strong backlog. DELL's PowerEdge XE9680L AI-optimized server is very much in demand. Strong enterprise demand for AI-optimized servers is aiding the company. A robust partner base that includes the likes of NVIDIA, Google and Microsoft has been a major growth driver. DELL is expanding its cloud services through its infrastructure solutions and rich partner base that provides essential hardware and services that support cloud environments. Through its APEX platform, DELL provides multi-cloud solutions and advanced AI infrastructure, which have become key highlights of its offerings. Dell Technologies has an expected revenue and earnings growth rate of 8.7% and 16%, respectively, for the current year (ending January 2026). The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last seven days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Intuit Inc. (INTU) : Free Stock Analysis Report Jabil, Inc. (JBL) : Free Stock Analysis Report UiPath, Inc. (PATH) : Free Stock Analysis Report Twilio Inc. (TWLO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
25-06-2025
- Business
- Yahoo
Argus Research Raises Intermediate-term Rating on Jabil (JBL) Stock
Jabil Inc. (NYSE:JBL) is one of the 10 Worst Aggressive Growth Stocks to Buy According to Short Sellers. On June 18, Argus Research upped its intermediate-term rating on Jabil Inc. (NYSE:JBL)'s stock to 'Buy' from 'Hold' with a price objective of $230. The firm's long-term rating on the company's stock remains 'Buy.' Analysts led by Jim Kelleher highlighted that the company's revenue and non-GAAP EPS in Q3 2025 sharply exceeded the Wall Street expectations and the guidance. Furthermore, the company returned to positive annual topline growth for the first time since Q3 2023. A technician overseeing an application-specific integrated circuit design, etched on a metallic plate. In Q3 2025, Jabil Inc. (NYSE:JBL) saw net revenue of $7.8 billion and core diluted EPS (Non-GAAP) of $2.55. The company's Intelligent Infrastructure segment remains a critical growth engine, supported by accelerating AI-driven demand. For FY 2025, it expects net revenue of $29 billion and core diluted earnings per share (Non-GAAP) of $9.33. Kelleher and his team believe that Jabil Inc. (NYSE:JBL) seems to be well-placed beyond FY 2025 as a result of fast-growing opportunities available in AI data center infrastructure, connected healthcare, semiconductor capital equipment, and other core businesses. As per Kelleher's team, the revenue headwinds in end-markets, in technology and non-technology areas, continue to give way to increased demand, mainly in the AI and cloud space. As per the analysts, Jabil Inc. (NYSE:JBL) expects a $8.5 billion annual AI revenue opportunity, and it plans to invest $500 million in new US facilities. Jabil Inc. (NYSE:JBL) provides electronics design, production, and product management services, electronic circuit design services, including application-specific integrated circuit design, firmware development, and rapid prototyping services, among others. While we acknowledge the potential of JBL 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 JBL 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.
Business Insider
25-06-2025
- Business
- Business Insider
Jabil (JBL) Taps AI Infrastructure Boom to Boost Earnings Per Share
Manufacturing solutions provider Jabil Inc. (JBL) is riding the artificial intelligence (AI) wave with impressive results. The company has successfully positioned itself as a key player in the AI infrastructure buildout, delivering top and bottom-line beats for the most recent quarter, driving the stock up roughly 25% in the past month. Confident Investing Starts Here: Following an almost 45% year-to-date price increase, the stock is now trading at a valuation in line with its industry peers, such as Sanmina-Sci (SANM), OSI Systems (OSIS), and Plexus (PLXS), suggesting limited upside. Yet, strong momentum tends to feed on itself, and we could see the share price continue to run well into premium valuation levels from here. I am bullish about the company's long-term potential and see the current situation as a growth-at-a-reasonable-price (GARP) opportunity. Strategic Investments Position for Future Growth Jabil has implemented a series of strategic initiatives designed to drive long-term growth across multiple high-potential sectors. The company announced a $500 million investment to build out AI infrastructure at its southeastern U.S. facilities, positioning itself as a key player in the fast-growing data center supply chain. It's also broadening its global footprint with a new plant in Gujarat, India, focused on silicon photonics and co-packaged optics for AI and telecom applications. In addition to deepening its core electronics business, Jabil is expanding into the healthcare sector. Its acquisition of Pharmaceutics International adds significant U.S.-based pharmaceutical manufacturing capacity, aligning with the rising demand for domestic drug production and the needs of an aging population. Further diversifying its future capabilities, Jabil is collaborating with Apptronik to manufacture humanoid robots and plans to deploy these Apollo robots across its own facilities, boosting internal efficiency while gaining expertise in advanced robotics supply chains. Internal Transformation Pays Dividends J abil's third-quarter 2025 results exceeded expectations, with revenue rising 16% year-over-year to $7.8 billion, primarily driven by a 51% surge in its AI-related business, which now accounts for $3.4 billion. According to JBL, its Intelligent Infrastructure segment drove growth, with AI-related revenue 'contributing significantly,' while the regulated and Connected Living and Digital Commerce segments performed 'as planned'. On the earnings front, JBL reported EPS of $2.55 for its Q3 2025 results earlier this month, beating analyst expectations and bringing its forward P/E ratio (32.8) closer to the sector median (22.4). Importantly, JBL is consistently outperforming earnings expectations based on strong sales revenues, thereby indicating that AI infrastructure development continues to accelerate. Despite shifting toward faster-growing markets, the company maintained strong operating margins between 5.0% and 5.5%, reflecting disciplined execution. Financially, Jabil remains on solid footing, with a debt-to-core EBITDA ratio of just 1.4x and free cash flow exceeding $406 million. This robust cash generation supports continued investment in AI and positions the company to complete $1 billion in share repurchases by the end of the fiscal year. Valuation vs Momentum While Jabil's strong operational performance stands out, its valuation paints a more complex picture. The stock currently trades at a P/E of 40x—well above the Information Technology sector average of 21.8x, suggesting limited room for multiple expansion. (ESE) trades at a similar 39.75x earnings, while Flex (FLEX) trades at the sector average. TTM Technologies (TTMI) commands a premium at 49x. Technical indicators remain favorable, with Jabil's stock trading well above key moving averages across all major time frames. Academic research supports the notion that momentum is a factor in stock outperformance, suggesting that JBL could continue its upward trend as long as positive price momentum persists. Is Jabil a Good Stock to Buy? Jabil is rated as a Strong Buy on Wall Street, based on the most recent recommendations of eight analysts. Seven analysts are currently bullish, one is neutral, and none are bearish. JBL's average 12-month stock price target for JBL stock is $220, indicating a potential 6% upside from current levels. Wall Street responded favorably to the latest financials, with several analysts raising their price targets for the stock. For instance, Bank of America's Ruplu Bhattacharya increased the price target for JBL from $225 to $245, while maintaining a Buy rating, noting projections for Jabil's FY26 and FY27 are more optimistic than the general market consensus, suggesting further growth in operating margins and revenue. Argus Research's Jim Kelleher also upgraded Jabil to a Buy rating from Hold, citing significant outperformance in revenue and earnings for Q3, and a return to positive annual topline growth. He noted the recent results are driven by strong underlying business momentum. Similarly, Raymond James' Melissa Fairbanks raised its price target from $170 to $230, while reiterating a Strong Buy rating, highlighting Jabil's growth in key markets and improvements in its margin profile. Fairbanks considers Jabil a top pick among Electronics Manufacturing Services providers due to its effective business diversification strategy and the evidence of successful execution. Bottom Line on JBL Jabil is emerging as a compelling transformation story, well-positioned in high-growth markets. Its strategic investments in AI infrastructure, global diversification, and healthcare manufacturing are building long-term competitive advantages that could fuel continued outperformance. While its valuation leans toward the higher end, growth-oriented investors may find it justified given Jabil's shift into faster-growing sectors. Backed by strong fundamentals, I remain bullish on the stock and view it as a solid GARP (growth at a reasonable price) opportunity.
Globe and Mail
18-06-2025
- Business
- Globe and Mail
Jabil Q3 Earnings Surpass Estimates on Solid Demand, Guidance Raised
Jabil, Inc. JBL reported strong third-quarter fiscal 2025 results, with both bottom and top lines surpassing the Zacks Consensus Estimate. However, the company reported a top line expansion year over year, owing to healthy traction in the data center infrastructure, capital equipment, cloud and digital commerce end-markets. JBL's Net Income Net income on a GAAP basis in the quarter was $222 million or $2.03 per share compared with $129 million or $1.06 in the prior-year quarter. The improvement is primality driven by top line growth. Non-GAAP net income in the reported quarter was $279 million or $2.55 per share compared with $230 million or $1.89 in the prior-year quarter. The bottom line surpassed the Zacks Consensus Estimate of $2.33. JBL's Revenues Net sales during the quarter increased to $7.82 billion from $6.76 billion reported in the year-ago quarter. The top line beat the consensus estimate of $7.08 billion. Solid demand in Intelligent Infrastructure and Connected Living & Digital Commerce boosted the top line. In the fiscal third quarter, the Regulated Industries segment generated $3.1 billion in revenues, flat year over year. The segment contributed 39% in revenues. The metric declined in this segment, owing to weakness in renewable energy and EV verticals. Net sales from the Intelligent Infrastructure segment generated $3.4 billion in revenues. The segment contributed 44% of total revenues, up 51% year over year. The healthy demand in the Capital Equipment, AI-related Cloud and Data Center Infrastructure verticals supported the net sales. About 17% of the total revenues came from the Connected Living & Digital Commerce segment. Net sales declined to $1.3 billion, down 7% year over year from this segment, owing to soft demand for consumer driven products. Strong growth in digital commerce and warehouse automation markets partially reversed this trend. JBL's Other Details Gross profit was $681 million compared with $608 million in the year-ago quarter. Non-GAAP operating income aggregated $420 million, up from $350 million in the year-ago period. Non-GAAP operating margin was 5.4% down from the year-ago quarter's figure of 6%. JBL's Cash Flow & Liquidity In third-quarter fiscal 2025, Jabil generated $406 million of net cash from operating activities. As of May. 31, 2025, the company had $1.52 billion in cash and cash equivalents, with $2.38 billion of notes payable and long-term debt. JBL's Guidance Up For the fourth quarter of fiscal 2025, revenues are expected to be in the range of $7.1-$7.8 billion. Non-GAAP operating income is projected in the $428-$488 million range. Management estimates non-GAAP earnings per share within the band of $2.64-$3.04. Management expects cloud and data center infrastructure; capital equipment and digital commerce market will be the major growth drivers in 2025. For fiscal 2025, revenues are now projected at $29 billion, up from the prior estimation of $27.9 billion. Non-GAAP earnings per share are expected at $9.33, up from $8.95 previously estimated. The company is expected to generate more than $1.2 billion in adjusted free cash flow. JBL's Zacks Rank & Stock to Consider Jabil currently carries a Zacks Rank #2 (Buy). Some better-ranked stocks in the broader industry have been discussed below. Juniper Networks, Inc. JNPR sports a Zacks Rank of 1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. In the last reported quarter, it delivered an earnings surprise of 4.88%. Juniper is leveraging the 400-gig cycle to capture hyperscale switching opportunities inside the data center. The company is set to capitalize on the increasing demand for data center virtualization, cloud computing and mobile traffic packet/optical convergence. Juniper also introduced new features within the AI-driven enterprise portfolio that enable customers to simplify the rollout of their campus wired and wireless networks while bringing greater insight to network operators. Ubiquiti, Inc. UI carries a Zacks Rank #2 at present. In the trailing four quarters, InterDigital delivered an earnings surprise of 29.93%. In the last reported quarter, Ubiquiti delivered an earnings surprise of 61.29%. Ubiquiti boasts a proprietary network communication platform that is well equipped to meet end-market customer needs. It is witnessing healthy traction in the Enterprise Technology segment, driven by the growing proliferation of IoT devices across industries. Arista Networks, Inc. ANET, carrying a Zacks Rank of 2 at present, supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service providers. Arista delivered a trailing four-quarter average earnings surprise of 11.82% and has a long-term growth expectation of 14.81%. Arista currently serves five verticals, namely cloud titans (customers that deploy more than one million servers), cloud specialty providers, service providers, financial services and the rest of the enterprise. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Juniper Networks, Inc. (JNPR): Free Stock Analysis Report Jabil, Inc. (JBL): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis Report Ubiquiti Inc. (UI): Free Stock Analysis Report
