Time to Buy Stock in These Cloud Leaders as Q1 Earnings Approach

From Nasdaq: 2024-05-06 17:04:00

Most big tech companies have reported Q1 results, excluding Nvidia. Arista Networks and Twilio stand out this week ahead of their reports on May 7. Arista’s stock is up 18% YTD, with Q1 EPS projected to be $1.74, exceeding estimates. Twilio expects a 27% EPS increase to $0.60 with sales up 2%. Both companies have a track record of beating expectations. Investors may find them as ideal stocks to watch for consistent growth.

Arista Networks has seen over 100% stock growth in the last year, with Q1 earnings expected to rise 21% to $1.74 per share. Twilio, known for its cloud communications platform, has consistently surpassed earnings expectations for 20 consecutive quarters. Investors may consider these stocks for steady growth and potential buying opportunities.



Read more at Nasdaq: Time to Buy Stock in These Cloud Leaders as Q1 Earnings Approach