From Yahoo Finance: 2025-04-16 22:03:00

Louis Navellier’s firm, Navellier & Associates, uses a three-step stock selection process to identify high-potential growth stocks. With over $1 billion in managed accounts, the firm emphasizes outperforming market indexes. Arista Networks Inc (NYSE:ANET) is one of Navellier’s top stock picks, with 78 hedge fund holders and a $6.75 million equity stake.

Arista Networks Inc (NYSE:ANET) reported impressive financial results for Q4 2024, with $1.93 billion in revenue and a gross margin of 64.2%. For the full year 2024, the company achieved record revenue of $7 billion and a net income of $2.85 billion. This success reflects Arista’s AI networking solutions and cloud infrastructure leadership.

Artisan Global Opportunities Fund trimmed its position in Arista Networks Inc (NYSE:ANET) due to valuation concerns, despite recognizing the company’s market leadership in cloud networking equipment. ANET ranks first among Louis Navellier’s new stock picks, but the focus on AI stocks for higher returns remains a key strategy. For investors seeking promising AI stocks with high potential and low valuation, there are options available for consideration.



Read more at Yahoo Finance: Among Louis Navellier’s New Stock Picks