Why NYSE:ANET is Poised for High Growth.

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if ARISTA NETWORKS INC (NYSE:ANET) is suited for growth investing. Investors should of course do their own research, but we spotted ARISTA NETWORKS INC showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

What matters for canslim investors.

• ARISTA NETWORKS INC has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 30.03% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• ARISTA NETWORKS INC has achieved 25.32% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• ARISTA NETWORKS INC has achieved 49.97% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• The Return on Equity(ROE) of ARISTA NETWORKS INC is 28.54%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• The Relative Strength (RS) of ARISTA NETWORKS INC has consistently been strong, with a current 86.85 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. ARISTA NETWORKS INC demonstrates promising potential for sustained price momentum.
• With a Debt-to-Equity ratio at 0.0, ARISTA NETWORKS INC showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• With institutional shareholders at 68.57%, ARISTA NETWORKS INC demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.

Technical Analysis Observations

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Taking everything into account, ANET scores 4 out of 10 in our technical rating. Although ANET is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

• Looking at the yearly performance, ANET did better than 86% of all other stocks. On top of that, ANET also shows a nice and consistent pattern of rising prices.
• The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
• ANET is an average performer in the Communications Equipment industry, it outperforms 60% of 51 stocks in the same industry.
• ANET is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ANET is lagging the market.

Our latest full technical report of ANET contains the most current technical analsysis.

Fundamental Analysis Observations

ChartMill assigns a Fundamental Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple fundamental indicators and properties.

Taking everything into account, ANET scores 7 out of 10 in our fundamental rating. ANET was compared to 51 industry peers in the Communications Equipment industry. ANET scores excellent points on both the profitability and health parts. This is a solid base for a good stock. ANET shows excellent growth, but is valued quite expensive already. With these ratings, ANET could be worth investigating further for growth and quality investing!.

Our latest full fundamental report of ANET contains the most current fundamental analsysis.

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.