On Wednesday, Arista Networks cleared a key performance benchmark, with its Relative Strength (RS) Rating jumping into the 90-plus percentile with an improvement to 91, a rise from 88 the day before.
This unique rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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While Arista Networks is not near a proper entry right now, see if it is able to form and break out from a proper base.
While the company's bottom line growth fell in the company's most recent performance report from 33% to 30%, revenue rose 20%, up from 16% in the prior report. Look for the next report on or around Feb. 18.
Arista Networks holds the No. 1 rank among its peers in the Computer-Networking industry group. Radware and Digi International are also among the group's highest-rated stocks.
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