Can Arista Networks (ANET) Run Higher on Strong Earnings Estimate Revisions? – Tale of the Tape

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ANET’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Arista Networks could be a solid choice for investors.

Current Quarter Estimates for ANET

In the past 30 days, 3 estimates have gone higher for Arista Networks with no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 6 cents per share 30 days ago, to 16 cents a share today, a move of 166.7%.

Current Year Estimates for ANET

Meanwhile, Arista Networks’ current year figures have seen 3 estimates moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 57 cents per share 30 days ago to 78 cents per share today, an increase of 36.8%.

Bottom Line

The stock has also started to move higher lately, adding 22.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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