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Stock impact report

Truist Securities Touts Arista Networks (ANET)'s AI Networking Theme and Growth Prospects [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
Networks (NYSE:ANET) with a Buy rating and a $161 price target, impressed by its growth over the past five years. Truist Securities Touts Arista Networks (ANET)'s AI Networking Theme and Growth Prospects Copyright: melpomen / 123RF Stock Photo According to the research firm, the company is one of the purest plays in the AI networking theme. That's because it is leveraging its success in the cloud with hyperscalers and in high-speed data centers by switching to newer AI networks that connect GPU clusters. Consequently, the research firm expects AI-related networking with cloud and AI titans to contribute to the company's 25% growth this year. Revenue is projected to increase from $1.5 billion to $3.25 billion in 2026. The revenue increase would come as the company is staring at tremendous growth opportunities on campus, where it has just 4% market share in a market valued at $20 billion. It is also well-positioned to capitalize on opportunities in data centers for enterprise an Show less Read more
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