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Arista Networks - Chart Of The Day

|Includes: Arista Networks, Inc. (ANET)

Summary

100% technical buy signals

12 new highs and up 12.83% for the last month

Analysts issued 8 buy reports

The Chart of the Day belongs to Arista Networks (ANET).  I found the cloud solutions stock by using Barchart to sort today's Top 100 Stocks list first by the highest Weighted Alpha, then again for technical buy signal s of 80% or more.  Since the Trend Spotter signaled a buy on 5/24 the stock gained 11.91%.

Arista Networks, Inc. is engaged in providing cloud networking solutions for datacentre and cloud computing environments. It offers ethernet switches, pass-through cards, transceivers, cards, and enhanced operating systems, host adapter solutions and networking services. The Company serves a range of industries, including Internet companies, service providers, financial services organizations, government agencies, and media and entertainment companies. Arista Networks, Inc. is headquartered in Santa Clara, California.


The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 12.83% in the last month
  • Relative Strength Index 71.61%
  • Technical support level at 156.69
  • Recently traded at 162.34 with a 50 day moving average of 145.97

Fundamental factors:

  • Market Cap $11.43 billion
  • P/E 53.07
  • Revenue expected to grow 31.20% this year and another 20.90% next year
  • Earnings estimated to increase 19.70% this year, an additional 19.20%B next year and continue to compound at an annual rate of 19.70% for the next 5 years
  • Wall Street analysts issued 7 strong buy, 1 buy and 11 hold recommendations on the stock