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This Top Computer and Technology Stock is a #1 (Strong Buy): Why It Should Be on Your Radar

Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.

Should You Buy #1 (Strong Buy)-Ranked Arista Networks (ANET) for Your Portfolio?

Arista Networks was upgraded to the Zacks Rank #1 list on May 14, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

Santa Clara, CA-based Arista Networks, Inc. is engaged in providing cloud networking solutions for data centers and cloud computing environments. The company offers 10/25/40/50/100 Gigabit Ethernet switches and routers optimized for next generation data center networks.

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For fiscal 2024, nine analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.43 to $7.92 per share. ANET boasts an average earnings surprise of 15.4%.

Analysts are expecting earnings to grow 14.1% for the current fiscal year, with revenue forecasted to rise 14.2%.

Even more impressive, ANET has gained in value over the past four weeks, up 10.1% compared to the S&P 500's gain of 2.7%.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Arista Networks could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.

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Arista Networks, Inc. (ANET) : Free Stock Analysis Report

Zacks Investment Research