ANET in a strong upward trendANET is hitting higher highs. I am predicting the next level it can hit is 349. There are few key levels below that can be used as stop losses just in case there are bumps in the up direction.Longby jsingh0091
ANET - Breaking out of Prior ResistanceArista Network has been a star. I was unable to get in after earnings but got in today. Earnings came in super strong and they also did share buyback recently. There was broad based growth in cloud, AI and enterprise business. Today, the break out of 306 came in with decent volume. My stop is below 300 and I personally believe this stock can do 2x from earnings. We are looking at around 520-540 for my initial target. Goodluck! Longby mansur7Updated 2
ANET potential Buy setupReasons for bullish bias: - Entry at HH breakout(DOW) - Price bounce from trendline - Positive Earnings Here are the recommended trading levels: Entry Level(CMP): 313.85 Stop Loss Level: 283.76 Take Profit Level 1: 343.94 Take Profit Level 2: 363.20 Take Profit Level 3: Open Longby TradeWithParas0
5/7/24 - $anet - beware, valuation vs. growth too rich5/7/24 - vrockstar - simply too expensive in this tape even for a beat. will need to smash for stock to go higher. i'll be shorting any pop/ regarless of the print. i'll save the space and not explain why it's a short/ and i'm not shorting - but i'd stay away at best and if you own it, consider trimming > 10x sales sub 2.5% fcf yield, more epensive on PE than mag 7's and 10% top line growth is a no go zone rn. look at DDOG results... good, expensive, down. i'd expect this to be down 10-15% minimally and might be interested in taking another look below $250. Shortby VROCKSTAR0
We Like The StockBullish on ANET for a pre-earnings run up. Breakout level = 297 . I am buying any dip over the next day or so in the 284-287 range (buy zone). If it breaks above 297 I'll chase. *Initial target range = 306-313 by 4/19 **Goal Target = 335 by 4/26 - Stop Loss = sustained break below 285, if this occurs it will form a "spring" in its re-accumulation phase in the 270s before breaking out end of Apr. rather than in the coming week. Longby JerryMandersUpdated 141416
Arista Networks Faces Margin Pressure Despite Revenue Growth Arista Networks ( NYSE:ANET ), a prominent player in cloud networking solutions, recently reported its fourth-quarter earnings, surpassing profit expectations but issuing a lukewarm forecast for the upcoming quarter. Despite strong revenue growth driven by robust demand from tech giants like Microsoft and Meta Platforms, Arista's ( NYSE:ANET ) shares took a hit in after-hours trading as investors reacted unfavorably to the company's projected lower adjusted gross margin for the first quarter. Let's delve deeper into the factors behind Arista's mixed performance and what it means for investors. Arista's Quarterly Performance: In the fourth quarter of the fiscal year ending December 31st, Arista ( NYSE:ANET ) witnessed a notable uptick in revenue, with a 20.8% year-over-year increase, reaching $1.54 billion. This figure surpassed analysts' average estimates, demonstrating the company's ability to capitalize on the sustained demand for its networking solutions amid the ongoing expansion of cloud infrastructure. Additionally, Arista ( NYSE:ANET ) outperformed earnings expectations on an adjusted basis, reporting a profit of $2.08 per share compared to estimates of $1.70. Margin Pressure and Operating Costs: However, despite the revenue growth and profit beat, Arista's outlook for the first quarter fell short of market expectations, primarily due to concerns over its adjusted gross margin. The company forecasted a margin of about 62%, below analysts' consensus of 62.7%, indicating a potential squeeze on profitability. This margin pressure can be attributed to higher operating costs incurred by Arista ( NYSE:ANET ) as it focuses on expanding its operations and investing in future growth initiatives. In the fourth quarter alone, the company's operating expenses widened to $359.3 million from $299.7 million a year earlier, reflecting the challenges of balancing growth with profitability. Industry Landscape and Peer Performance: Arista's margin woes echo broader trends within the networking sector. Peer company Juniper Networks recently reported downbeat revenue, citing lower client spending on cloud computing and network security services. This highlights the competitive pressures and evolving dynamics within the industry, as companies strive to adapt to changing market conditions and customer demands. While Arista ( NYSE:ANET ) continues to benefit from strong demand from key clients like Microsoft and Meta Platforms, it faces intensified competition and margin compression as it navigates the evolving landscape. Investor Sentiment and Market Reaction: The market's reaction to Arista's earnings reflects investors' concerns over the company's margin outlook. Despite exceeding profit expectations, Arista's shares dipped around 6% in extended trading following the earnings release. Investors appear to be cautious about the company's ability to sustain its growth momentum while maintaining healthy margins, particularly in the face of rising operating costs and competitive pressures. Michael Ashley Schulman, chief investment officer at Running Point Capital, noted that while the profit beat was positive, it may not be sufficient to drive shares higher given the lower gross margin projection for the upcoming quarter. Looking Ahead: As Arista ( NYSE:ANET ) navigates the challenges of margin pressure and heightened competition, investors will closely monitor its strategic initiatives and execution capabilities. The company's ability to effectively manage operating costs, drive efficiency improvements, and capitalize on growth opportunities will be key determinants of its long-term success. Additionally, developments in the broader networking industry, including technological advancements and shifts in customer preferences, will shape Arista's trajectory moving forward. Despite near-term headwinds, Arista's ( NYSE:ANET ) strong revenue performance underscores its resilience and potential for sustained growth in the dynamic landscape of cloud networking solutions. Conclusion: Arista Networks' ( NYSE:ANET ) recent earnings report highlights the company's ability to deliver solid revenue growth and exceed profit expectations, driven by resilient demand for its networking gear. However, concerns over margin pressure and heightened operating costs have dampened investor sentiment, leading to a decline in share prices. As Arista ( NYSE:ANET ) navigates these challenges and positions itself for future growth, investors will scrutinize its ability to maintain profitability while capitalizing on opportunities in the evolving networking industry.by DEXWireNews2
ANET Arista Networks Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ANET Arista Networks prior to the earnings report this week, I would consider purchasing the 280usd strike price Calls with an expiration date of 2024-2-16, for a premium of approximately $18.25. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Longby TopgOptions6
Further Long entry into or after earnings BreakoutAs we approach the all time highs on Arista Networks, technically the price has been in the range of upside since 2023, and looks gain more traction as we approach a key moment for the future of ANET. This sector, electronic tech sector should continue to gain traction so long as the markets sentiment around tech stocks, semiconductor equities continue to rise. The volume has been increasing and the sentiment around this company has been quite strong in recent months. The technical are aligning as we observe the two charts below daily to the left and weekly to the right. Price is in a clear uptrend no doubt, although of the last 6/9 days have been bullish the 3 days being bearish, the most recent long wick/shadows or big bodied candled has provided an increase runway leading into earnings. The momentum based on the moving average convergence divergence (in purple) is quite strong and there is a quite a gap between the signal line and macd line. The histograms overshadows the previous bearish bars. JUST be aware we are reaching OVERBOUGHT region in regards to price action but if buyers continue to step in and risk on continued success from ANET this could be a good opportunity to go long or you could set up put options against this analysis.Longby nickso8330
ANET brekout bullish channel ANET is fundamentally looking like a very strong stock Analysts ratings are a strong buy even at this price yes this price :) Currently its earnings are coming soon 12 Feb which could mean a two way movement At the moment it has broken its own bullish channel and looks like it has room to run more then 300+ stop loss @ 243 Longby vortexTradingSolutions5
$ANET touch 50% Fib retracementNYSE:ANET from Market Smith, it touch the 50% Fib retracement and now is at 62%, volume is lower but it might be due to the season. but the uptrend still strong.Longby sfl_trades0
ANET: Possible BuyAfter breaking above the channel and successfully retesting the upper trend lines I'm expecting the price to continue higher backed by positive analyst expectations.Longby M0_BTC0
ANET, Uptrend based on AlgoSignal StrategyThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.Longby FakhruddinFazilUpdated 1
ANET: Price Psychology, Fundamentals & Price ProjectionFundamentals : ANET is lacking in one important parameter in my checklist; that is, sales acceleration. Three year earnings growth rate is strong. A growing number of funds are adding this stock to there portfolios. It is not the best stock that I would like to own fundamentally, but it is a good stock to invest in. So, I will gradually add to it in smaller portions than normal until the fundamentals are no longer in favor. Note: Earnings are coming out on Monday October 26, 2023. Technicals : ANET loves weekly 61.8% pullbacks since the beginning of its uptrend in March 2020 and since its inception around 2016. A new weekly 61.8% pullback Weekly HHHL with good volume a-b-c equal legs completion + 3 bearish weeks down in an uptrend uHd developing horizonal+kijun support nearby extreme indicator on the daily chart (not shown) Price Projection : If this is the bottom or near the bottom of the retracement in ANET's price, then the stock will reach 200 to 250 by December 2023 to January 2024, according to Fibonacci time projection analysis. Final Assessment: Stock correction is an opportunity to buy on a weekly dip as weak holders get flushed. Mid-term to long-term buyers will accumulate the stock. Longby RocketmanUpdated 223
ANET Minor Low BuyANET is in a strong trend and is potentially pulling back to price based support levels. Prices have broken down from a bearish flag that formed after earnings. However, the price based pullbacks are supported by volume. Two levels appear to be in play. 1. $213.16 2. $210.16 I will look for prices to hit these levels and then buy on the minor low breakout. Title Minor Low Buy Trade Theme Daily Sector/Stock ANET Trend G/G Propulsion Yes Vscore Almost - needs pullback Vprofile Yes RAF Extreme Darvas No Darvas 3.0 No Entry Waiting for pullback Profit/Breakeven Waiting for pullback Stop Loss Waiting for pullback Option Option PlayLongby TradingBandito060
ANET, BUY, 10.57% PROFITBought NYSE:ANET on 10/30/2023 at market close and closed the position on 10/31/2023 at market open. Net 10.57% profit. Longby 1hour_trading1
ANET - CoilingNYSE:ANET showing a flag pattern here with solid institutional volume after its power earnings move earlier this month. When volume dries up on a decreasing ATR, a potential breakout is very probable. We are targeting $203. Longby TickmanXUpdated 223
ANET Stock to Watch TodayHolding above its recent breakout and showing uptrending RS line against the market. Nice pivot right on top of its 50 moving average line. Top notch fundamentals as well.Longby TaPlot550
ANET channel movementANET making a simple movement from the bottom of the channel Current entry @ 183-184 range SL 175 TP 200 by vortexTradingSolutions0
$ANET: Arista looks 'excellent' indeedJust as the greek word, the chart here looks excellent...There's both a daily and a monthly uptrend signal active, which gives this stock tremendous reward to risk potential long term. I am not a huge fan of the valuation, so I was skeptical to get involved but perhaps I am missing something regarding fundamental catalysts for the stock going forward, perhaps related to the boost to demand for their products from the AI large language model war. Companies might scramble to get the required infrastructure to run their algorithms on? Chart wise, the setup is perfect and predicts a steady trend if price stays above $119 where the monthly trend would be invalidated. The daily predicts immediate upside within the next 10 business days. Best of luck! Cheers, Ivan Labrie.Longby IvanLabrieUpdated 3
Arista Networks Could Be Fighting HigherOnly six members of the S&P 500 hit new 52-week highs last Thursday. (It was the fewest since March 17, according to TradeStation data.) Let’s consider Arista Networks, one of that small handful of names. The first pattern on today’s chart is the bullish gap on August 1 after quarterly results beat estimates. ANET not only held those gains as the broader market fell this month. It’s also made higher weekly lows. That may suggest that a new uptrend is taking shape. Next, the tech company jumped to new highs on August 24 after Nvidia spurred optimism toward artificial intelligence (AI). It was swept lower along with most stocks, but it’s now trying to stabilize near the previous peak from May 30. Is old resistance becoming new support? Prices have additionally tested the 21-day exponential growth moving average (EMA) -- a potential trend indicator. If ANET manages to hold this price zone through the volatile Labor Day period, traders may look for more upside into September. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .by TradeStation9
$ANET pullback buy setupNYSE:ANET presenting a possible pullback buy to start scaling in ahead of a potential cheat breakout later on. One I will be watching heading into next week.Longby TaPlot223
ANET: Ascending Triangle, Not confirmed (35,79%)(2/1000)(2/1000) Ascending Triangle for ANET. Not Confirmed yet. Pros: 1- Bullish Ascending triangle 2- Descending volume during formation of the triangle (last half) 3- PPS above 50MA and 200MA 4- RS above 0 and ascending 5- R/R ratio above 5 6- 250RSI above 50 and ascending 7- 50MA above 200MA 8- 50 MA flat but 200MA ascending. Cons: 1- ATR is descending/flat, less volatile 2- Triangle not confirmed yet Target price is 232,05$. Again, stay humble, have fun, make money! MAAX!Longby LeLaf2
ANET setting up a potential bull flagNo potential long (for me) until it can break the trendline and flip it to support but one to watch. by EquityCast2