Should You Add ANET Stock to Your Portfolio Ahead of Q4 Earnings?
From Nasdaq: 2025-02-14 09:14:00
Arista Networks, Inc. (ANET) is set to announce fourth-quarter 2024 earnings on Feb. 18. Estimates for revenues and earnings are $1.89 billion and 57 cents per share. Earnings estimates for 2024 are at $2.20 per share, with a slight increase to $2.42 per share for 2025.
Arista has a history of beating earnings estimates, with a four-quarter average surprise of 14.8%. However, our model does not predict an earnings beat for the upcoming quarter.
The company’s leadership in high-speed datacenter switching and innovative software approach is driving demand. New capabilities like SWAG and LSS Management in Arista EOS enhance network flexibility and efficiency.
Arista’s stock has outperformed the industry over the past year, but is trading at a higher forward earnings ratio compared to peers.
With strong fundamentals and positive investor perception, Arista is poised for solid quarterly results. While the stock may seem expensive, its growth potential in cloud networking makes it an attractive investment option.
Experts recommend Arista Networks, Inc. as one of the 7 best stocks for the next 30 days. With a history of outperforming the market and strong growth potential, Arista is a stock worth considering for early price pops.
Read more at Nasdaq: Should You Add ANET Stock to Your Portfolio Ahead of Q4 Earnings?