Arista Networks (ANET) stock rose as much as 7.3% Friday and flirted with touching a possible buy point, after Q2 earnings reported late Thursday beat Wall Street expectations. Arista stock, however, was up just 1% in afternoon trading in the stock market today, near 82.50. Shares have a possible buy point at 88.66 out of a cup-with-handle base. Arista stock so far Friday has peaked at 87.60. Since going public in June 2014 at 43, the stock had a
New data center construction by some of the biggest names on the technology landscape could mean boom times ahead for Arista Networks (ANET), a provider of hardware and software for next-generation data centers. Thus concludes Brent Bracelin, an analyst for Pacific Crest Securities, who cites new data center in the works for Apple (AAPL), Microsoft (MSFT), Facebook (FB) and Google (GOOGL) as one reason to be optimistic for the maker of cloud
Arista Networks (ANET) stock fell Friday after the company reported quarterly earnings late Thursday that beat expectations. The provider of computer networking gear raised Q4 guidance but also said that some stock lockup restrictions will expire sooner than planned, on Nov. 11 instead of Dec. 2. That move will increase the number of shares outstanding. About 50% of the vested shares held by employees who did not enter into a lockup agreement —