With earnings on tap for May 2, Arista Networks is currently about 12% under a 143.67 buy point. The current formation is a first-stage cup with handle.
Understand that buying a stock just before it reports is risky, since an EPS or sales miss could send it sharply lower. You can reduce your risk by waiting to see the actual numbers and the market's reaction.
Looking For Winning Stocks? Try This Simple Routine
Arista Networks saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 21% to 32%. Revenue rose from 24% to 27%.
Analysts are looking for earnings growth of 28% for the quarter, and 27% growth for the full year. EPS estimates for the full year were recently revised higher.
The company has a 95 Composite Rating and earns the No. 1 rank among its peers in the Computer-Networking industry group. Juniper Networks and Extreme Networks are also among the group's highest-rated stocks.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
