|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||248.59 - 253.95|
|52 Week Range||187.08 - 331.27|
|Beta (3Y Monthly)||1.71|
|PE Ratio (TTM)||52.68|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||307.62|
Arista (ANET) intends to sustain healthy revenue growth and cash generation in 2019 and beyond on the back of industry-leading product offerings.
The May 13 Sell-Off Pummeled Tech Stocks(Continued from Prior Part)Arista’s returnsShares of hardware networking company Arista Networks (ANET) fell 7.7% on May 13 to close trading at $243.90. We identified Arista stock as overvalued last month,
Shares of virtually every major Silicon Valley company fell Monday after China promised to raise tariffs on $60 billion worth of American imports — the latest move in President Trump’s escalating trade war, which threatens to cut into corporate profit margins and raise consumer prices.
Cisco Systems (NASDAQ:CSCO) has pulled back in recent weeks from its post-dot-com boom highs. Cisco stock fell back after rising by almost 43% in less than four months. Since hitting that high, CSCO stock has declined to the $52 a share level.Source: Shutterstock Now flirting with correction territory, many wonder if CSCO will fall further as it reports earnings on Wednesday after the market close. If so, with its double-digit profit growth and the future in 5G, I see CSCO stock as a buy on any pullback. Earnings and Sales Beats Could Boost Cisco StockFor its third quarter, Wall Street expects Cisco to report earnings of 77 cents per share. If this holds, that would represent a 16.7% increase from year-ago levels of 66 cents per share. Analysts also forecast revenues of $12.9 billion. This would stand as a 3.5% increase from the same quarter last year when the company brought in $12.46 billion.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Great Stocks to Buy on Dips Cisco stock has developed a reputation for frequently beating earnings over the last 20-plus years. I do not expect anything different this quarter. The company has worked to restore its reputation for something it has seen little of since the 1990s tech boom -- stock price increases. Since the beginning of 2016, CSCO stock has more than doubled in value. Last month, it reached its highest level since the fall of 2000 before pulling back. Wi-Fi 6, 5G Will Drive CSCO StockMoreover, as my InvestorPlace colleague Bret Kenwell points out, the San Jose-based networking giant leads the way in the emerging Wi-Fi 6. The Wi-Fi 6 networking stack will offer 400% greater capacity and better performance in high-density areas. Though it lacks the publicity surrounding 5G, where Cisco has pursued a "cloud-to-client" approach, it could become just as significant in many respects. Furthermore, the company's moves into software and network security have also improved the fortunes of Cisco stock.Detractors point out that this is not the 1990s, and companies such as Check Point Software (NASDAQ:CHKP), Arista Networks (NASDAQ:ANET), and Palo Alto Networks (NASDAQ:PANW) present genuine competitive threats. Still, while vendors certainly have other choices, Cisco brings a measure of stability and income not found in newer names. Favorable Financial Metrics RemainCase in point, CSCO stock trades at a price-to-earnings (PE) ratio that compares well to its younger peers. This valuation stands at around 19.5 times earnings, and it falls to a PE of 15.4 on a forward basis. Moreover, analysts predict the company will deliver profit growth rates of 18.1% this fiscal year and 10.1% in fiscal 2020.The 19.5x PE comes in at the high end of ranges seen in recent years. If the re-emergence of Microsoft (NASDAQ:MSFT) serves as an example, Cisco stock could benefit from multiple expansion. Even if that does not occur, the profit growth rates alone make double-digit returns in CSCO stock likely.Investors should also remember one additional benefit to Cisco stock that did not exist in the 1990s -- the dividend. Since the company began paying a dividend in 2011, it has increased its payout every year. The most recent increase went into effect in April. Now at an annual payout of $1.40 per share, the yield stands at around 2.5%. * 7 Dangerous Dividend Stocks to Stay Far Away From The eight-year streak is a long enough time that the equity's price will depend heavily on annual payout hikes. I even speculated that Cisco stock would achieve dividend aristocrat status (meaning 25-plus years of annual payout hikes) in 17 years. Time will tell if that occurs. Still, for investors wanting a growth and income play in the networking sector, I see CSCO stock as one of the top choices in the coming years. Final Thoughts on Cisco StockCisco stock has become a buy on any pullback, and pull back it has. The stock has corrected following a 40%-plus move higher from its December lows. Now, predictions for the upcoming earnings report strongly indicate that its double-digit growth will continue.If its track record serves as an indication, Cisco stock should beat earnings by at least a penny per share. Bolstered by a move into security and software, as well as its position in both 5G and WiFi 6, Cisco's double-digit profit growth should continue for years to come. It could benefit further if CSCO stock sees Microsoft-like multiple expansion. Moreover, the eight-year track record of payout hikes adds a growing income stream to add to the returns.Perhaps Cisco stock rose too far and too fast over the last few months. Admittedly, it makes buying into earnings a riskier prospect despite a recent pullback. However, even with this potential hiccup, the likely rewards in CSCO stock outweigh the possible risks.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post Thanks to 5G and Wi-Fi 6, Cisco Stock Remains A Buy Going Into Earnings appeared first on InvestorPlace.
Tech Stocks: Checking In after Some Recent Falls(Continued from Prior Part)Arista stock returnsArista Networks (ANET) stock has generated multifold returns to investors over the years. The stock has risen at a compound annual growth rate (or CAGR)
Likelihood of a fresh tariff regime and renewed trade war negate solid quarterly performance of telecom firms like Qualcomm (QCOM) and Motorola (MSI).
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! In this article we are going to estimate the intrinsic value of Arista Networks, Inc. (NYSE:ANET...
High-Growth Tech Stocks' Recent Performance(Continued from Prior Part)ServiceNowHigh-growth tech stocks have made a massive comeback this year after a volatile 2018. Some companies have seen falls since reporting mixed quarterly results, but
High-Growth Tech Stocks' Recent Performance(Continued from Prior Part)ServiceNowTech stocks have created massive wealth over the years and have been Wall Street favorites for a while now. Let’s look at the high-growth tech stocks discussed in
High-Growth Tech Stocks' Recent Performance(Continued from Prior Part)Stock returnsShares of hardware networking company Arista Networks (ANET) fell less than 1% in April 2019. The stock fell close to 11% in the first three trading days of May. The
Arista Networks Inc NYSE:ANETView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for ANET with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ANET. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $4.64 billion over the last one-month into ETFs that hold ANET are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Netflix and Google employees are now in Silicon Valley's $200K club. The typical Googler earned $246,804 last year — up 25 percent year-over-year. At Netflix, the median employee made $202,335 last year after getting a 10 percent pay boost over 2017.
Stocks that moved substantially or traded heavily on Friday: Activision Blizzard Inc., down $2.40 to $47.15 The videogame maker behind "Call of Duty" gave investors a weak profit forecast for ...
The stock market was up and down, but closed little changed. Apple earnings, Google earnings, the Fed meeting and the April jobs report were market movers.
Arista, a major supplier of data center switches and other networking hardware, is down about 12% after -- in addition to reporting roughly in-line first-quarter revenue and an EPS beat -- it guided for second-quarter revenue of $600 million to $610 million, below a consensus analyst estimate of $639.6 million. Arista's guidance midpoint implies 16% annual revenue growth, a major slowdown from first-quarter's 26% growth. Given that Arista is hardly alone in seeing softening cloud demand, the company's second-quarter outlook isn't something to panic over.
Management expects sales of $600 million to $610 million next quarter, well below Wall Street estimates of $639.3 million. Cisco Systems is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells CSCO?
Stocks such as Cadence Design Systems CDNS , Global Payments GPN and American Tower are surging this year and leading the S&P 500, but generate little chatter on the Street. One of those wallflower names could be worth a second glance, according to Todd Gordon , founder of TradingAnalysis.com.
Shares of cloud-based software provider Arista Networks plunged on Friday after the company beat analysts' forecasts but warned of weaker second-quarter sales and operating margins.