Positive

From Nasdaq: 2024-12-05 18:17:00

Arista Networks ANET has implemented a 4-1 stock split to make shares more accessible. The company’s stellar performance is driven by AI infrastructure and strategic partnerships with Nvidia, Meta Platforms, and Microsoft. Arista’s valuation remains reasonable despite trading at around 48X forward earnings, with total sales projected to increase over 17% in fiscal 2024 and FY25.

Positive EPS revisions show Arista’s annual earnings expected to double in FY24 and FY25, with estimates up in the last 30 days. Following the stock split, Arista Networks remains a strong buy with more affordable shares and potential for further upside. The company’s stock is now more accessible and should see continued growth.



Read more at Nasdaq: Time to Buy Arista Networks (ANET) Stock After 4-1 Split?