Arista Networks: AI Prospects Emerging But Will Take Time To Materialize [Seeking Alpha]
Arista Networks, Inc. (ANET)
Last arista networks, inc. earnings: 2/13 04:05 pm
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US:NASDAQ Investor Relations:
investors.arista.com/home/default.aspx
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Source: Seeking Alpha
It is important to assess whether there are related sales opportunities, and for this purpose, differentiating between traditional and Generative AI is key. ANET is benefiting from supply chain normalization but faces low demand visibility for its data center products which constitutes uncertainty for 2024. With its ability to rapidly evolve into a platform-oriented company also offering security services, it could also adapt to harvest a $750 million AI training networking opportunities. It is preferable to first see real progress in Ethernet-based AI versus Nvidia's proprietary InfiniBand. Since I covered Arista Networks ( NYSE: ANET ) in November 2023, the stock has surged by over 40%, while I had a neutral position mainly based on the normalization of supply chains which could result in pricing pressures. Also, as charted below, the stock has progressed by more than 79% during the last year to reach $303.14, outperforming the Invesco QQQ ETF ( QQQ ) by more than 35%. At
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ANET
News
- Wall Street Bulls Look Optimistic About Arista Networks (ANET): Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Arista Networks (ANET) Outperforms Broader Market: What You Need to Know [Yahoo! Finance]Yahoo! Finance
- South Korea Data Center Market to Witness Investment of $7.22 Billion by 2029 - Get Insights on 35 Existing Data Centers and 19 Upcoming Facilities across South Korea [Yahoo! Finance]Yahoo! Finance
- What Does Arista Networks, Inc.'s (NYSE:ANET) Share Price Indicate? [Yahoo! Finance]Yahoo! Finance
- Egypt Data Center Market Investment Analysis Report 2024-2029: $500+ Million Growth Opportunities with Arista Networks, Broadcom, Dell, Cisco, Hewlett Packard, Juniper Networks, and IBM Dominating [Yahoo! Finance]Yahoo! Finance
ANET
Earnings
- 2/12/24 - Beat
ANET
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- ANET's page on the SEC website