ANET - Up trend in a rising channelANET - Up trend in a rising channel + Above the average line 150 ּ+ Low RSI + At the bottom of the margin of a rising channel. Only an idea and not a recommendation for trading
0HHR trade ideas
Arista Networks Dips 4% Premarket Despite Strong Q4 FinancialsArista Networks (NASDAQ: NYSE:ANET ) saw a 4% dip in premarket trading despite delivering better-than-expected revenue and earnings in its latest quarterly report. The stock's recent movement raises questions about market sentiment and potential buying opportunities.
Strong Revenue and Earnings Growth
Arista Networks, a leader in cloud networking, reported a fourth-quarter revenue of $1.93 billion, reflecting a 7% year-over-year increase. This beat analyst estimates and demonstrated the company’s ability to sustain growth even amid economic uncertainty.
Net earnings surged to $830.1 million (65 cents per share), compared to $664.3 million (52 cents per share) in the prior year. These strong financials reflect Arista’s continued dominance in the cloud networking industry, particularly as it pushes further into AI-driven initiatives.
Additionally, Arista Networks provided an optimistic forecast for the first quarter of 2024, expecting revenue between $1.93 billion and $1.97 billion, surpassing analysts' expectations. This suggests that despite short-term price volatility, the company’s long-term growth remains intact.
Market Sentiment and Analyst Ratings
Despite the positive earnings report, NYSE:ANET faced early selling pressure. However, analysts remain bullish on the stock, with an average "Buy" rating from 15 analysts. The 12-month price forecast stands at $108.38, representing a slight downside of -3.12% from the latest price, indicating that the market might already be factoring in Arista’s growth potential.
Technical Analysis
From a technical perspective, NYSE:ANET ’s premarket drop of 4.11% has placed its Relative Strength Index (RSI) at 47, signaling that the stock is approaching oversold territory but not yet at extreme levels.
Currently, the stock is trading above key moving averages (MA), suggesting that the broader uptrend remains intact. However, the dip brings NYSE:ANET close to its one-month low, a temporary support level that traders should watch closely. If selling pressure continues, a break below this level could lead to further downside.
That said, this retracement could also be a strategic move to sweep liquidity and attract demand for a potential rebound. Investors should watch for price stabilization and confirmation of renewed buying interest before making any decisive moves.
Conclusion
Despite the early sell-off, Arista Networks’ strong fundamentals, growing revenue, and positive long-term outlook position it as a solid investment choice. The recent dip may be an opportunity for traders to capitalize on a short-term pullback before the stock resumes its upward trajectory. As always, monitoring key technical levels and broader market trends will be crucial in assessing NYSE:ANET ’s next move.
Continuing Correction Arista Net. ANETGoing off the technical picture, there is a general alignment from at least 5 different perspectives. The indicators I use look at the market from may different ways, deriving data from volumes, volatility, stochastics, momentum and simple stats like sigma deviations on the previous. Many cases do not offer a discernible Elliott count or a harmonic, but these are very useful when they are discernible.
ANET Arista Networks Options Ahead of EarningsIf you haven`t bought ANET before the rally:
Now analyzing the options chain and the chart patterns of ANET Arista Networks prior to the earnings report this week,
I would consider purchasing the 100usd strike price Puts with
an expiration date of 2025-2-21,
for a premium of approximately $2.92.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Arista Into EarningsANET is still suffering from the NVDA sell off (I would argue completely irrational panic). It's currently ranging right in the middle of major support and major resistance. So it's tricky because we're so far above support, but also lots of room to recover losses. My bet into earnings is Arista breaks above resistance at $141. Arista is trading just under 20X revenue and they have amazing profit margins and sustained growth. The broader Nasdaq Computer Index IXCO is very close to breaking out of this long range it's been so it seems like a fair bet that ANET jumps to the upside along with everything else.
Good Luck!
$ANET : A steady compounder under the shadows of $AVGOToday we dive into the world of stocks where we look at a little know cos. called Arista Networks $ANET. NYSE:ANET since its IPO almost 10 years ago has given a 2000% return to its investors. The next generation Networking cos with virtualized network platform on specialized designed chips and advanced Ethernet switches with low latency used in Cloud Data centers .
NYSE:ANET weekly chart looks amazing with higher high and higher lows. Recently most cloud networking stocks like NASDAQ:ALAB and NASDAQ:AVGO have been consolidating. NYSE:ANET is @ 100 Day SMA which is currently at $ 106. NYSE:ANET consolidation around 100 Day SMA is always a great buying opportunity.
Long NYSE:ANET @ 100-Day SMA.
2/18/25 - $anet - Not obvious, sidelines2/18/25 :: VROCKSTAR :: NYSE:ANET
Not obvious, sidelines
- in this tape where we're mooning big beats/ gains (those have been software-related consumer and tend to be growing >25%) and shooting others (lower-growth w/ unclear outlooks) gives low visibility for how mkt will trade NYSE:ANET eps
- on one hand, this stock has defn outperformed it's NASDAQ:QQQ comp. no reason to believe anything's changed. >3.5 bn fcf on 131 bn EV by no means expensive for a moat like this and growing nearly 20%. i think that's the main point.
- on the other hand, any whack guide or indication of uncertainty or delays etc. send this thing down 10-15% easily.
- so on what looks like a +10/-10% sort of move (i should check implied vol, but this is what i'd guess), and not necessarily faster growing or more moat-y with better valuation than my tech dawgs NYSE:TSM and $uber... i am seeing less and less reasons to play this EPS season than i typically do and more reason to just sit and sip on that sweet mint tea.
good luck to holders. i'd be a dip buyer here on an outsized down move, but probably just sit sidelines otherwise. buy zone is sub $100.
V
ANET - Eyeing a short-term short on a very bullish chartVideo says it all. If we see the confluences that we need to, I will enter a position, if not - not!
That's the way the trading game works - set your plan and stick to it.
Happy Trading :)
bullish hammer on the resistance a breakawayConfident as I am, it is coming to a time when things start to reset. It still has buying pressure moving it higher, and I would anticipate a more significant move based on a few key indicators.
NYSE - ANET : 9 DEC 2024Bullish Bias for NYSE - ANET on 9 DEC 2024.
Buy Limit @ 108 with Stop Loss @ 104.5.
Take Profit @ 111
ANET Analysis: Preparing for a Breakout or Pullback?As of December 8, 2024, ANET is trading at $109.00. Here’s an in-depth analysis and trading strategy for this tech leader.
1. Fundamental Analysis: Leveraging Network Technology Growth
* Forward P/E Ratio: 25.3, suggesting a fair valuation for a high-growth technology stock with strong fundamentals.
* Expected EPS Growth: Projected 18.5% 5-year EPS growth, driven by demand in cloud infrastructure and data networking.
* Expected Revenue Growth: Expected revenue CAGR of 15% over the next five years, supported by market share expansion in enterprise data centers.
* Net Margins: 34.2%, indicating excellent operational efficiency and dominance in high-margin segments like cloud networking.
Fundamental Rating: 9/10
Arista Networks stands out as a well-managed company with exceptional profitability and consistent revenue growth in a high-demand industry.
2. Technical Analysis: Key Price Levels and Market Dynamics
Support and Resistance Levels:
* Immediate Resistance: $110.74 (current high and key breakout level).
* First Support: $108.25 (current consolidation zone).
* Major Support: $96.00 (historical demand area and near the 50-day EMA).
Indicators:
* MACD: Bullish crossover with strong upward momentum, signaling potential continuation.
* Bollinger Bands: ANET is trading near the upper band, indicating overbought conditions and possible short-term consolidation.
* Moving Averages:
* 20-day EMA: Positioned at $103.80, providing dynamic support.
* 50-day EMA: Positioned at $96.00, marking critical support for a deeper retracement.
Liquidity Zones & Order Blocks:
* Liquidity Zone: Between $108 and $110, where the price is consolidating before a potential breakout.
* Order Block: $90 to $96, highlighting strong historical buying interest and accumulation.
3. Trading Plan: Playbook for Scalping and Swing Trades
Scalping Setup:
* Entry: Buy near $108 on a pullback or break above $110.75 with strong volume.
* Target: $112 to $115 for short-term profit.
* Stop-Loss: $107 (below immediate support).
Swing Trading Setup:
* Entry: Accumulate near $96 for a medium-term play or wait for a breakout above $110.75 for confirmation.
* Target: $120 for swing trade gains.
* Stop-Loss: $94 (below major support and 50-day EMA).
4. Where ANET Might Be Headed Next
ANET is showing strong bullish momentum with solid fundamental and technical setups. A breakout above $110.74 could signal a rally toward $115-$120, while a failure to hold above $108 may lead to a retest of $96. Given its growth potential, ANET remains a strong candidate for both scalping and swing trades.
5. Disclaimer
This analysis is for informational purposes only and not financial advice. Please consult your financial advisor or conduct your own research before trading.
CROSSING death cross on numerous indicators 340s in sightThe stochastics show a death cross formulating on the daily and numerous other indicators. It jumped with volatility and more than usual volume; I did declare that it may come down for a correction at some point before I expected it to break through 400, like a cannon. Still a firm supporter of bearish mode and stance.
ANET at new ATH but heads up into $390: key barrier before $421ANET broke out to new All Time HIghs.
Now approaching a significant resistance.
This would be a good place for a retrace.
$ 386.64 - 393.84 is the immediate resistance.
$ 421.10 - 423.73 is the stronger barrier above.
$ 345.33 - 348.18 is the first good support below.
SIDEWAY CHANNEL eventually back in the white boxA correction with the current trend slowing down, possible continuation to 400 until sideway channel pattern breaks.
The Fundamentals Titan that is Arista NetworksNYSE:ANET is a popular tech stock with strong fundamentals while valuation methods such as PE Ratio, Price to sales, etc, might be signaling that it is overvalued, the forecast projections remain strong. Arista Networks has no debt and more then 3 Assets per Liability, With more then double the Cash to cover Liabilities also growing Equity rapidly this company. The Balance sheet is a definite strength for this company!
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Balance Sheet:
Cash: US$6.27b
Debt: US$0
Equity: US$8.43b
Total Liabilities: US$3.19b
Total Assets: US$11.62b
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Valuation:
PE Ratio: 46.63x
Forward PE Ratio: 43.7x
Price To Sales: 18x
Price To Books: 13.5x
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Idea:
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Disclaimer: I am not a financial advisor and in no way am I signaling a sell, buy, or hold opinion on this stock (Arista Networks) I am just giving my personal opinion as a hobby trader, I have no certifications and I am not a financial analyst, I also may be wrong about how I feel about the stock. I want you to do plenty more research on this and the stocks you are interested in because the stock market always holds a lot of risk that may pose different risks and overall be different for each investor and trader. Please do not make opinions based on this idea or any idea. Please be careful! this post is only for conversation.
$ANET: A CANSLIM Case StudyC - Current Earnings:
NYSE:ANET 's recent earnings have been stellar, showing significant increases in EPS. If you're looking for growth, this is your green light. They're not just growing; they're thriving.
A - Annual Earnings:
Over the last year, we've seen Arista's earnings per share skyrocket. This isn't just a one-time spike; it's a trend. Think of it like your favorite series getting better with each season.
N - New Products or Services:
Arista isn't just resting on its laurels. They're innovating with AI-driven networking solutions. Imagine your home Wi-Fi, but for massive data centers, getting smarter and faster. That's NYSE:ANET 's playground.
S - Supply and Demand:
With data centers becoming the backbone of tech, the demand for Arista's products is through the roof. It's like being the only lemonade stand on a hot summer day in a crowded neighborhood.
L - Leader or Laggard:
In the world of cloud computing and data networking, NYSE:ANET isn't just playing; they're leading. They're not just in the race; they're setting the pace.
I - Institutional Sponsorship:
Big players are taking notice. When institutions start piling in, you know there's something special. It's like when all your friends start talking about the same new show; you know it's worth watching.
M - Market Direction:
Here's where it gets exciting. With tech leading the market, and cloud computing being the future, NYSE:ANET is positioned perfectly. If the market's going up, NYSE:ANET might just be leading the charge.
💡 Why NYSE:ANET for CANSLIM?
Growth: They're not just growing; they're setting new standards in growth.
Innovation: With AI and cloud tech, they're not just following trends; they're creating them.
Market Position: In a sector that's only going to grow, NYSE:ANET 's at the forefront.
ANET TradeNYSE:ANET
Short-term Trade :
Entry: Look for a bounce near the $327-$328 level, especially if the price manages to reclaim the 20-period EMA. Consider a short-term buy if the RSI starts rising and the MACD shows positive momentum.
Target: $336 (next resistance at the 50-period EMA) and $340.
Stop-Loss: Below $325.
Medium-term Trade :
Entry: Wait for a confirmed bullish crossover of the MACD and a move back above the 20-period EMA (around $330-$336).
Target: $350-$360 (next key resistance), assuming the price reclaims the 20-period EMA.
Stop-Loss: Below $320.
Long-term Trade :
Entry: Consider buying on dips, especially if the price finds support near $320 or at the 100-period EMA on the weekly chart, which is currently at $281.
Target: $360-$380 within the next 6-12 weeks, assuming the price maintains the long-term uptrend.
Stop-Loss: Below $300 (a break below the 200-period EMA would signal a potential trend reversal).
400 Not too farThere is room to fill, make a new high, and it could close at 400. With all indicators, there is room to breathe, and growth candles are subject to a newer high.
low 300 is a very congested areaThis seems to be on par for a slowdown and a possible reversal, I do see two forming head & shoulder patterns as a key indicator, amongst many others.
ANET 8 percent profitEntry @ current market price i.e 347
Bullish confirmation as it closed above 50day ma and 200 EMA
RSI also above 40
RSI making HH HL
its an easy 8% profit generator
then it will correct due to double top pattern
ANET Gap-Post-Pivot with FIBO-N SupportThe Gap-Post-Pivot with FIBO-N support is an exclusive Ethos pattern known for its high accuracy rates and minimal stop loss requirements. If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was opened.
This way, the journey toward the final target will proceed with reduced risk of losses and preservation of partial gains achieved so far.
Let's see what happens here!
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Stock Pricing Above Fundamentals Ahead of EarningsWeekly Chart: NYSE:ANET reports today after the close.
The stock has a short-term topping formation that is nearly completed. The prior runs went speculative but then corrected. The top is similar to the previous peak and the depth of correction is likely to be similar.
The stock has simply moved beyond fundamental levels. This is NOT likely to turn into a long-term top unless there is something substantially wrong with the company and its products. To become an intermediate-term top, it must have lower highs and lower lows. That is not in the chart at this time.
Ideally, the stock needs to shift sideways to build a much stronger support level to sustain a longer-term uptrend. HFTs are in the mix and may gap the stock on earnings news.
ANET Arista Networks Options Ahead of EarningsIf you haven`t bought ANET before the previous earnings:
Now analyzing the options chain and the chart patterns of ANET Arista Networks prior to the earnings report this week,
I would consider purchasing the 320usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $17.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
