Arista Networks, Inc. supplies cloud networking solutions in the United States and internationally. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, and gigabit Ethernet switches. It also offers technical support services. The company serves a range of industries, including Internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, and others. Arista Networks, Inc. markets its products through direct sales force, as well as channel partners, such as distributors, value-added resellers, systems integrators, and original equipment manufacturer partners. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was founded in 2004 and is headquartered in Santa Clara, California.
Arista Soars 17% as Biz Shrugs Off Cisco Legal Battle; Bears Mind Valuation http://blogs.barrons.com/techtrader...-off-cisco-legal-battle-bears-mind-valuation/ Shares of networker Arista Networks (ANET) are up $17.04, or 17%, at $117.21, and price targets at several shops are zooming higher in response, after the company yesterday afternoon reported Q4 revenue that topped analysts’ expectations, and beat on the bottom line by a wide margin, and also handily topped revenue consensus for this quarter. On a conference call with analysts following the report, CEO Jayshree Ullal noted that cloud computing shops (Microsoft’s (MSFT) Azure computing facility is one of the company’s largest customers) continue to spend on the company’s equipment. She noted in particular rising interest in the company’s “Series R” products that do not only switching tasks, but also move into Cisco Systems’s (CSCO) routing franchise.
Currently in a large uptrend as displayed very clearly by the 200MA. Very obvious support at $240 as well. May try to play this support in the next few days.
Arista Networks shares are trading higher after the company reported better-than-expected Q3 EPS and sales results. The company also issued Q4 sales guidance above analyst estimates. Nov 2, 2021 9:13a ET
could be a breakout. took out a small long postion yesterday. Arista Networks Arista Networks, a current Zacks Rank #2 (Buy), provides cloud networking solutions for data centers and cloud computing environments. The company utilizes a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud footprint. The revisions trend has been particularly noteworthy for the company’s current fiscal year, with the $5.87 per share estimate up nearly 40% since July of last year.
