Plus, guess what happens when you announce a 10% layoff - everyone starts looking for another job and gets nothing done. These guys could be in some pain for a while.
If they do $4.80/share and $5.78 next year that's 20% growth. Apply a 20 PE to it and can see $90 in a short run.
will be buying again in the low 80's in the next couple of weeks. No problem.
ANET can keep building awesome/leading edge products. Telling csco to either build something that is equal/better or stop hindering a company from developing products that solve problems thru stupid gamesmanship lawsuits.
If we can get there in the next few days it should move toward 80 fast. Hope for upgrades and price target news to push it over the line. Could be a big move.....
I hate seeing a co with such high valuation lower - ever. Don't like it - out for now.
PANW (I don't own it) is killing them and the only way to compete is on price. Margins will crash and revenue will be ok but not great. The valuation is wrong and the stock will pull back below 25.