Arista Networks Rising Higher

Arista helps many of the world’s largest organizations operate their cloud networks. Its AI networking gains and bullish future plans around AI networking signal more growth ahead. Also, an upcoming four-for-one stock split aims to make shares more affordable.

ANET’s third-quarter earnings showed revenue of more than $1.8 billion, a 20% year-over-year increase. The company achieved record per-share earnings of $2.40 (non-GAAP), beating consensus expectations. ANET lifted its gross margin to 64.6% largely on the back of enterprise profitability and discipline around its supply chain spending.

It’s no wonder ANET shares are up 69% in 2024 so far – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Big Money Loves Arista Networks

Institutional volumes reveal plenty. In the last year, ANET has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in ANET shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental backdrop going on with Arista Networks.

Arista Networks Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, ANET has had impressive sales and EPS growth in recent years:

• 3-year sales growth rate (+36.5%)
• 3-year EPS growth rate (+48.4%)

Source: FactSet

EPS is estimated to ramp higher this year by +11.6%.

Now it makes sense why the stock has been powering to new heights. ANET has a track record of solid financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Arista Networks has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times over the last year. The blue bars below show when ANET was a top pick…rising up with time:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. It’s simple – Big Money demand drives stocks upward.

Arista Networks Price Prediction

The ANET rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in ANET at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.