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Stock impact report

Evercore Reiterates Outperform on Arista Networks (ANET), Removes Stock From Tactical List [Yahoo! Finance]

Arista Networks, Inc. (ANET) 
Last arista networks, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.arista.com/home/default.aspx
Company Research Source: Yahoo! Finance
While the firm remains bullish on ANET's networking demand, it has removed the stock from its Tactical Outperform list. “We're removing our Tactical OP on ANET following its Sep-qtr print last month. We believe the negative stock reaction since the report is a reflection of forward estimates not moving up in a material manner, as ANET maintained their expectation of 20% sales growth in CY26 and investors had speculated they would move higher.” Since the firm added the stock to its TAP list in October, shares of the stock are down an estimated 7.5%; while the S&P climbed 3.3% in the same period. Despite this decline, September quarter saw revenue grow an estimated 27% year-over-year, driven by ramps across AI and strength on the enterprise side. Gross margins in the quarter were 65.2%; above expectations. The firm believes that the lack of upside for ANET reflects conservative guidance and shipment variability issues. This conservatism, it believes, will set the stage for upside Show less Read more
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