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These sales are part of Ullal’s ongoing strategy to manage her investment in Arista Networks (NYSE:ANET), a leading provider of cloud networking solutions. The company, headquartered in Santa Clara, California, continues to be a key player in the computer communications equipment industry, with impressive revenue growth of 19.5% in the last twelve months and strong analyst support, as evidenced by 16 analysts recently revising their earnings estimates upward. For detailed insights and more exclusive tips about ANET, visit InvestingPro, where you’ll find comprehensive analysis and the full Pro Research Report.
The sales were conducted as part of a pre-arranged trading plan under Rule 10b5-1, which Ullal adopted on December 13, 2023. Following these transactions, Ullal holds 92,641 shares directly. Additionally, she retains indirect ownership of shares through various trusts, including those held for her children and relatives. The company maintains robust financial health with a current ratio of 4.36 and virtually no debt relative to equity.
These sales are part of Ullal’s ongoing strategy to manage her investment in Arista Networks, a leading provider of cloud networking solutions. The company, headquartered in Santa Clara, California, continues to be a key player in the computer communications equipment industry, with impressive revenue growth of 19.5% in the last twelve months and strong analyst support, as evidenced by 16 analysts recently revising their earnings estimates upward. For detailed insights and more exclusive tips about ANET, visit InvestingPro, where you’ll find comprehensive analysis and the full Pro Research Report.
In other recent news, Arista Networks reported a strong fourth-quarter performance, with earnings per share of $0.65, surpassing Goldman Sachs and consensus estimates. The company’s revenue reached $1.93 billion, exceeding both its guidance and the consensus forecast. Needham analysts maintained a Buy rating with a $145 price target, highlighting Arista’s operational margins and growth in the Cloud Titan segment. Meanwhile, Evercore ISI reiterated an Outperform rating, noting Arista’s revenue dependency on Meta (NASDAQ:META) has decreased, yet remains optimistic about future contributions.
Piper Sandler adjusted Arista’s price target to $108, maintaining a Neutral rating due to tempered expectations and concerns about potential customer loss. Rosenblatt Securities raised its target to $85 but kept a Sell rating, expressing skepticism about Arista’s financial objectives in the AI back-end market. Despite these varied analyst perspectives, Arista reiterated its target of $750 million in back-end AI revenue for 2025, with three AI clusters progressing into production. The company also reported a shift in revenue share, with Microsoft (NASDAQ:MSFT) increasing its contribution, while Meta’s spending declined. Arista continues to make strides in the enterprise market, with advancements in cloud and AI sectors.
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