Arista Networks Inc
ANET
Delayed Nyse - 06/22 10:02:48 pm
272.65USD
-2.39%

The upward trend should continue

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Jordan Dufee
Analyst

Strategy published on : 04/21/2017 | 14:56

long trade
Target price hit

Entry price : 136.5$
Target : 163.88$
Stop-loss : 128.28$
Potential : 20.06%

Arista Networks Inc shares have been in strong demand lately. The technical chart pattern looks positive which may give rise to new gains.
Investors have an opportunity to buy the stock and target the $ 163.88.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● According to sales estimates from analysts polled by Thomson-Reuters, the company is among the best with regard to growth.

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Historically, the company has been releasing figures that are above expectations.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The stock is in a well-established, long-term rising trend above the technical support level at 89.8 USD


Weaknesses

● Based on current prices, the company has particularly high valuation levels.

● With an expected P/E ratio at 45.4 and 36.06 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

● The three month average target prices set by analysts do not offer high potential in comparison with the current prices.

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