Arista Networks Inc. (01/11/24)
- Peter Schenk
- Jan 11, 2024
- 1 min read
Chart of the Day: (01/11/24)
Arista Networks Inc.
(ANET, NYSE)
Open Position: 2.7%
ACB: $220.90
Last: $249.23
Stop: Market Environment Dependent
Arista is a leader in cloud-based networking technology, taking market share from Cisco Systems, with growth supported by increased investments in AI technologies.
ANET is in an uptrend trading above 4 Moving Averages, is at all time highs and continues to guide for high margins and 20% revenue growth in Q4.
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