Arista Networks (ANET) is in a potential buying range as it gets ready to report earnings on Nov. 1.
It’s trading about 3% above a 384.10 buy point from a third-stage flat base.
Be aware that buying just before a stock reports is risky, since an EPS or sales miss could send it sharply lower. You can reduce your exposure by waiting to see how the company reports and how the market reacts.
In terms of fundamental health, Arista Networks has posted rising EPS growth in each of the last four reports. Sales gains have also risen during the same period.
Analysts expect earnings growth of 12% for the quarter, and 19% growth for the full year. Annual EPS estimates were recently revised higher.
The company has a 96 Composite Rating and holds the No. 1 rank among its peers in the Computer-Networking industry group. Radware (RDWR) and Digi International (DGII) are also among the group’s highest-rated stocks.
Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.
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