|Bid||31.74 x 200|
|Ask||31.95 x 400|
|Day's Range||31.76 - 32.05|
|52 Week Range||29.12 - 34.60|
|PE Ratio (TTM)||16.17|
|Dividend & Yield||1.16 (3.64%)|
|1y Target Est||N/A|
Arista Networks Inc (NASDAQ:ANET) has been on a pretty stunning ride in the past 12 months, up more than 120%. Investors might think that after a monster move like that, it may not be time to think about buying. But the amazing thing is, ANET stock is just starting its rise. What’s happening now in cloud computing space is reminiscent of what was happening in the dotcom world in the mid- to late 1990s, especially in regard to the rise of router company Cisco Systems, Inc. (NASDAQ:CSCO), currently ANET’s most significant competitor.
The U.S. International Trade Commission refused to rescind its May 4th ruling that found Arista's switches infringed two Cisco patents and banned Arista from importing the infringing products into the US. After the ITC released that decision a different agency, the U.S. Patent and Trademark Office, said the two Cisco patents are invalid.
Before the FANG stocks, there was the Power Five.