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How Far Will Arista Networks Fall on Its Earnings Report?

Arista Networks stock is falling hard on Friday after disappointing guidance. Here's the sweet spot to go long.

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Earnings of $2.31 per share came in 24 cents ahead of expectations. Revenue of $595.4 million grew 26% year-over-year, but was only in-line with estimates. In-line sales results for a high-growth, high-valuation company isn't ideal, especially after the stock rallied into the report.

But the price action can get extra dicey on poor guidance, which is exactly what we have here. Management expects sales of $600 million to $610 million next quarter, well below Wall Street estimates of $639.3 million.

What does this mean for the stock?

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https://www.thestreet.com/investing/earn...yptr=yahoo

Zitat:Arista Networks, Inc. engages in the business of developing, marketing, and selling cloud networking solutions. The firm is also involved in switching and routing platforms and related network applications. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in November 2004 and is headquartered in Santa Clara, CA.

Zitat:Cybersecurity and cloud networking stocks are the ones to watch for 2024, says Barclays

Top picks: CrowdStrike, Gen Digital, and Arista Networks.

Seana Smith·Anchor
Sun, December 17, 2023 at 5:20 PM GMT+1

The technology sector is set to outperform again in 2024, with cybersecurity and cloud networking stocks among those best positioned, according to Barclays.

A major catalyst: artificial intelligence.

But it’s not necessarily a rinse-and-repeat for Wall Street. Investors should look beyond chipmakers like Nvidia (NVDA) to some of the tech industry’s lesser-known plays, and here's why: Year two of the generative AI boom will likely serve as a reality check for the industry as companies focus on expanding use cases and mitigating risk.

“It will be about using AI in different ways,” Barclays senior technology hardware and networking analyst Tim Long told me at the Barclays Global Technology conference last week. “We have yet to really see the rest of the build-out.”.............

https://finance.yahoo.com/news/cybersecu...18459.html