Arista Networks, Inc. ANET was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $181.17 to $199.89 in the past one-month time frame.
The move came after the company reported solid third-quarter 2017 results.
The company has seen seven positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Arista Networks. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Arista Networks currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Another stock worth considering in the Computer and Technology sector is Harmonic Inc. HLIT which carries a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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