Banking

Earnings Season Watch List: Arista Networks

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.




X



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.


Looking For The Best Stocks To Buy And Watch? Start Here


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.

YOU MIGHT ALSO LIKE:

Earnings Calendar, Analyst Estimates And Stocks To Watch

New Option Strategy Limits Risk Around Earnings

Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button