Slumping Further Below 50-Day Moving Average Hurts Outlook - Wednesday, April 17, 2024
Consolidating Abover Recent Highs and Above 50-Day Average - Tuesday, March 26, 2024
Best Ever Close for Arista Networks - Friday, March 1, 2024
Pulled Back From All Time High With Gap Down on Prior Session - Thursday, February 1, 2024
Extended From Base and Hovering at All-Time High - Tuesday, December 26, 2023
Made Gradual Progress Since Latest Breakout - Wednesday, December 6, 2023
Powerful Gain Following Earnings Report for Arista Networks -
Damaging Gap Down Triggered Technical Sell Signal - Thursday, October 26, 2023
Arista Consolidates Above 50-Day Moving Average Line - Friday, September 29, 2023
Orderly Pullback Below "Max Buy" Level - Friday, September 15, 2023
Hovering Near High with Volume Totals Cooling - Monday, August 14, 2023
Wedging Higher After Rebounding Above 50-Day Moving Average - Wednesday, July 12, 2023
Rebounding Near Recent High With 3 Consecutive Gains - Monday, June 12, 2023
Technical Sell Signal Triggered by Damaging Volume-Driven Loss - Wednesday, May 3, 2023
Near High With Volume Cooling Following Volume-Driven Gains - Monday, April 17, 2023
Pulling Back After Getting Very Extended From Prior Base - Tuesday, March 28, 2023
Arista Challenging All-Time High - Wednesday, March 8, 2023
Sputtered Back Below Prior High Hurting Outlook - Friday, December 9, 2022
Finished in Middle of Intra-Day Range After Challenging Pivot Point - Monday, November 14, 2022
Hovering Near High With Volume Totals Cooling - Monday, April 22, 2019
Rebounding Near High After Deep Consolidation - Wednesday, March 13, 2019
Considerable Gap Up Gain With Heavy Volume - Friday, August 24, 2018
Consolidating After Getting Extended From its Prior High - Wednesday, January 31, 2018
Encountering Distributional Pressure After Wedging Near Prior High - Tuesday, January 2, 2018
Halted Volume-Driven Pullback at 50-Day Moving Average Line - Wednesday, December 6, 2017
Perched at Record High Following Volume-Driven Gains - Thursday, November 9, 2017
Perched Near All-Time High, Extended From Any Sound Base - Monday, October 16, 2017
Extended From Any Sound Base After Additional Volume-Driven Gains - Tuesday, September 19, 2017
Gapped Up After Earnings Repairing 50-Day Moving Average Violation - Wednesday, August 23, 2017
Networking Firm Consolidating Above 50-Day Moving Average Line - Tuesday, July 18, 2017
Computer Networking Firm Very Extended From Any Sound Base - Tuesday, June 6, 2017
Bullish Technical Action Following Recent Earnings - Monday, May 8, 2017
Extended From Any Sound Base After a Considerable Rally - Wednesday, April 5, 2017
Stubbornly Holding Ground After Breakaway Gap - Wednesday, March 1, 2017
Technical Damages Raised Concern and Triggered Technical Sell Signal - Wednesday, January 18, 2017
Holding Ground After Rally More Than 5% Beyond Prior Highs - Tuesday, December 20, 2016
Heavy Volume Behind Breakout Gain - Monday, November 21, 2016
Slumping Further Below 50-Day Moving Average Hurts Outlook - Wednesday, April 17, 2024
Arista Networks Inc (ANET -$3.51 or -1.34% to $259.25) fell further with today's 4th consecutive loss after noted when gapping down violating its 50-day moving average (DMA) line ($281.55) and an upward trendline connecting its October-March lows triggering technical sell signals.
ANET's color code was changed to yellow after forming a new flat base noted as a riskier "late stage" base. Following that it failed to produce a valid buy signal. ANET was featured in the 10/31/23 mid-day report (read here). It was last covered in detail in this FSU section on 3/26/24 with an annotated graph under the headline, "Consolidating Above Recent Highs and Above 50-Day Average".
Fundamentals remain strong. ANET currently has a 98 Earnings Per Share Rating. Through the Dec '23 quarter it has shown 8 consecutive quarterly comparisons with strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 like many companies during the pandemic.
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,591 in Feb '24, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.7 is an unbiased indication its shares have been under distributional pressure over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 253.2 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Consolidating Abover Recent Highs and Above 50-Day Average - Tuesday, March 26, 2024
Arista Networks Inc (ANET -$7.67 or -2.51% to $297.83) pulled back from its all-time high with today's 2nd consecutive loss backed by below-average volume. Its prior highs in the $292 area define initial support to watch above its 50-day moving average (DMA) line ($271). Its color code was changed to yellow after forming a new flat base noted as a riskier "late stage" base.
ANET finished strong after it was highlighted in yellow and new pivot point cited is based on its prior high plus 10 cents in the 10/31/23 mid-day report (read here). It was last covered in detail in this FSU section on 3/01/24 with an annotated graph under the headline, "Best Ever Close for Arista Networks".
Fundamentals remain strong. ANET currently has a 98 Earnings Per Share Rating. Through the Dec '23 quarter it has shown 8 consecutive quarterly comparisons with strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 like many companies during the pandemic.
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,530 in Dec '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under slight accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 253.2 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Best Ever Close for Arista Networks - Friday, March 1, 2024
Arista Networks Inc (ANET +$10.20 or +3.68% to $287.74) posted a gain with +23% above average volume today for a best-ever close near its all-time high, very extended from any sound base. Its 50-day moving average (DMA) line ($257.51) defines important near-term support to watch on pullbacks.
ANET finished strong after it was highlighted in yellow and new pivot point cited is based on its prior high plus 10 cents in the 10/31/23 mid-day report (read here). It was last covered in detail in this FSU section on 2/01/24 with an annotated graph under the headline, "Pulled Back From All Time High With Gap Down on Prior Session".
Fundamentals remain strong. ANET currently has a 98 Earnings Per Share Rating. Through the Dec '23 quarter it has shown 8 consecutive quarterly comparisons with strong and steady earnings increases above the +25% minimum guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 like many companies during the pandemic.
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,496 in Dec '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under slight accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 253.2 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Pulled Back From All Time High With Gap Down on Prior Session - Thursday, February 1, 2024
Arista Networks Inc (ANET +$4.30 or +1.66% to $262.98) encountered distributional pressure this week while at its all-time high, extended from any sound base. Its 50-day moving average (DMA) line ($238) defines near-term support to watch. Fundamentals remain strong.
ANET finished strong after it was highlighted in yellow and new pivot point cited is based on its prior high plus 10 cents in the 10/31/23 mid-day report (read here). It was last covered in detail in this FSU section on 12/26/23 with an annotated graph under the headline, "Extended From Base and Hovering at All-Time High".
ANET currently has a 98 Earnings Per Share Rating. It has shown 8 consecutive quarterly comparisons with strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 like many companies during the pandemic.
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,456 in Dec '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.9 is an unbiased indication its shares have been under accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 252 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Extended From Base and Hovering at All-Time High - Tuesday, December 26, 2023
Arista Networks Inc (ANET -$0.73 or -0.31% to $237.53) has seen volume totals cooling while hovering near its all-time high, extended from any sound base. Its 50-day moving average (DMA) line ($212.38) defines near-term support along with recent lows in the $210 area. Fundamentals remain strong.
ANET finished strong after it was highlighted in yellow and new pivot point cited is based on its prior high plus 10 cents in the 10/31/23 mid-day report (read here). It was last covered in detail in this FSU section on 12/06/23 with an annotated graph under the headline, "Made Gradual Progress Since Latest Breakout".
ANET currently has a 98 Earnings Per Share Rating. It has shown 8 consecutive quarterly comparisons with strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 like many companies during the pandemic.
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,347 in Sep '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 252 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Made Gradual Progress Since Latest Breakout - Wednesday, December 6, 2023
Arista Networks Inc (ANET -$2.31 or -1.07% to $213.40) had a "negative reversal" today and ended near the session low with a loss backed by average volume. Prior highs in the $198 area define near-term support above its 50 DMA line ($201.28). Fundamentals remain strong.
ANET finished strong after it was highlighted in yellow and new pivot point cited is based on its prior high plus 10 cents in the 10/31/23 mid-day report (read here). Bullish action came after it reported Sep '23 quarterly earnings +46% on +28% sales revenues versus the year-ago period, continuing its strong earnings track record. It was dropped from the Featured Stocks list on 10/26/23 but showed resilience and strength since. It was last covered in detail in this FSU section on 10/31/23 with an annotated graph under the headline, "Powerful Gain Following Earnings Report for Arista Networks".
ANET currently has a 97 Earnings Per Share Rating. It has shown 8 consecutive quarterly comparisons with strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 like many companies during the pandemic.
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,358 in Sep '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 252 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Powerful Gain Following Earnings Report for Arista Networks -
Arista Networks Inc (ANET +$24.65 or +14.03% to $200.37) finished strong after it was highlighted in yellow and new pivot point cited is based on its prior high plus 10 cents in the earlier mid-day report (read here). Bullish action came after it reported Sep '23 quarterly earnings +46% on +28% sales revenues versus the year-ago period, continuing its strong earnings track record. It gapped up today rebounding above its 50-day moving average (DMA) line ($187.77) and then rallied to a new high. Members have been reminded that for now, "the market averages are in a correction (M criteria). New buying efforts should be avoided until a solid follow-through day signals a new confirmed rally."
ANET currently has a 98 Earnings Per Share Rating. It has shown 8 consecutive quarterly comparisons with strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 like many companies during the pandemic.
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,331 in Sep '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 250.8 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Damaging Gap Down Triggered Technical Sell Signal - Thursday, October 26, 2023
Arista Networks Inc (ANET -$13.78 or -7.40% to $172.32) gapped down today undercutting the prior low with a damaging loss raising more serious concerns and triggering a worrisome technical sell signal. It had slumped back below its 50 DMA line ($188) on the prior session and closed at the session low with a loss hurting its outlook. It will be dropped from the Featured Stocks list tonight.
Keep in mind it is due to report Sep '23 quarterly results on 10/30/23. Fundamentals have been strong through its Jun '23 quarterly earnings which rose +40% on +39% sales revenues versus the year-ago period. ANET currently has a 98 Earnings Per Share Rating. It has shown 7 consecutive quarterly comparisons with strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 like many companies during the pandemic.
ANET was highlighted in yellow with pivot point cited based on its 12/27/21 high plus 10 cents in the 3/08/23 mid-day report (read here). It was last shown in this FSU section on 9/29/23 with an annotated graph under the headline, "Arista Consolidates Above 50-Day Moving Average Line".
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,320 in Sep '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 250.8 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Arista Consolidates Above 50-Day Moving Average Line - Friday, September 29, 2023
Arista Networks Inc (ANET -$0.50 or -0.27% to $183.93) had a "negative reversal" today. Volume totals have been cooling in recent weeks. It remains perched only -7.4% from its all-time high. Its 50-day moving average (DMA) line ($181.60) defines near-term support.
Fundamentals remain strong after it reported Jun '23 quarterly earnings +40% on +39% sales revenues versus the year-ago period. ANET was highlighted in yellow with pivot point cited based on its 12/27/21 high plus 10 cents in the 3/08/23 mid-day report (read here). It was last shown in this FSU section on 9/15/23 with an annotated graph under the headline, "Orderly Pullback Below "Max Buy" Level".
ANET currently has a 98 Earnings Per Share Rating. It has shown 7 consecutive quarterly comparisons with strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 like many companies during the pandemic.
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,326 in Jun '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 250.8 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Orderly Pullback Below "Max Buy" Level - Friday, September 15, 2023
Arista Networks Inc (ANET -$2.84 or -1.51% to $184.72) pulled back below its "max buy" level for a 5th consecutive loss with light volume and its color code was changed to yellow. It remains perched only -7% from its all-time high. Its 50-day moving average (DMA) line ($178.53) defines near-term support.
Fundamentals remain strong after it reported Jun '23 quarterly earnings +40% on +39% sales revenues versus the year-ago period. ANET was highlighted in yellow with pivot point cited based on its 12/27/21 high plus 10 cents in the 3/08/23 mid-day report (read here). It was last shown in this FSU section on 7/12/23 with an annotated graph under the headline, "Hovering Near High with Volume Totals Cooling".
ANET currently has a 98 Earnings Per Share Rating. It has shown 7 consecutive quarterly comparisons with strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 like many companies during the pandemic.
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,316 in Jun '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.9 is an unbiased indication its shares have been under accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 250.8 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Hovering Near High with Volume Totals Cooling - Monday, August 14, 2023
Arista Networks Inc (ANET +$3.18 or +1.82% or $178.12) has seen its volume totals cooling while hovering near the prior high and pivot point. Fundamentals remain strong. Bullish action came after it reported Jun '23 quarterly earnings +40% on +39% sales revenues versus the year-ago period. Its 50-day moving average (DMA) line ($165.37) defines near-term support.
ANET currently has a 98 Earnings Per Share Rating. It has shown 7 consecutive quarterly comparisons with strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 like many companies during the pandemic.
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,261 in Jun '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been nearly neutral concerning accumulation/distribution over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 250.8 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Wedging Higher After Rebounding Above 50-Day Moving Average - Wednesday, July 12, 2023
Arista Networks Inc (ANET +$3.78 or +2.36% to $163.95) posted a 3rd consecutive gain backed by below average volume. Volume totals have been cooling while consolidating above its 50-day moving average (DMA) line ($153.19). It faces near-term resistance due to overhead supply up to the $178 level. Fundamentals remain strong.
ANET was highlighted in yellow with pivot point cited based on its 12/27/21 high plus 10 cents in the 3/08/23 mid-day report (read here). It sputtered below its 50 DMA line briefly and then rebounded since last shown in this FSU section on 6/12/23 with an annotated graph under the headline, "Rebounding Near Recent High With 3 Consecutive Gains".
ANET currently has a 98 Earnings Per Share Rating. It has shown 6 consecutive quarterly comparisons with strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 like many companies during the pandemic.
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,231 in Jun '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 249.7 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Rebounding Near Recent High With 3 Consecutive Gains - Monday, June 12, 2023
Arista Networks Inc (ANET +$6.51 or +4.00% to $169.03) posted a 3rd consecutive gain backed by average volume. It stalled after recent gains triggered a technical buy signal. Its 50-day moving average (DMA) line ($154) defines important near-term support to watch.
Its color code was changed to yellow with new pivot point cited based on its 3/23/23 high plus 10 cents in the 5/30/23 mid-day report. Fundamentals remain strong, however, weak action came after it reported Mar '23 quarterly earnings +70% on +54% sales revenues versus the year-ago period but gave conservative guidance going forward.
ANET currently has a 98 Earnings Per Share Rating. It has shown 6 consecutive quarterly comparisons with strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 like many companies during the pandemic.
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,186 in Mar '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been nearly neutral concerning accumulation/distribution over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 246.6 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Technical Sell Signal Triggered by Damaging Volume-Driven Loss - Wednesday, May 3, 2023
Arista Networks Inc (ANET -$2.25 or -1.67% to $132.73) slumped further today, closing -22.6% off its 52-week high, and it will be dropped from the Featured Stocks list tonight. It gapped down on the prior session violating its 50-day moving average (DMA) line ($154.91) with a damaging volume-driven loss triggering a noted technical sell signal and its color code was changed to green. Weak action came after it reported Mar '23 quarterly earnings +70% on +54% sales revenues versus the year-ago period but gave conservative guidance going forward.
ANET currently has a 98 Earnings Per Share Rating. It has shown 6 consecutive quarterly comparisons with strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) had a downturn in FY '20 like many companies during the pandemic.
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,151 in Mar '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 245.1 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Near High With Volume Cooling Following Volume-Driven Gains - Monday, April 17, 2023
Arista Networks Inc (ANET -$0.18 or -0.11% to $163.42) pulled back for a 2nd small loss today with below-average volume. Volume totals have been cooling, meanwhile it is hovering just -4.7% off its high. It is extended from any sound base after an impressive spurt of volume-driven gains. Prior highs in the $148-145 area define important support to watch along with its 50 DMA line ($149.51).
ANET currently has a 98 Earnings Per Share Rating. It reported Dec '22 quarterly earnings +72% on +55% sales revenues versus the year ago period, its 5th quarterly comparison strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings had a downturn in FY 20 like many during the pandemic.
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,107 in Mar '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.8 is an unbiased indication its shares have been under accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 245.1 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Pulling Back After Getting Very Extended From Prior Base - Tuesday, March 28, 2023
Arista Networks Inc (ANET -$4.96 or -2.95% to $163.00) gapped down today and suffered a loss backed by +46% above average volume, retreating from its all-time high. It remains very extended from any sound base after an impressive spurt of volume-driven gains. Prior highs in the $148-145 area define initial support to watch above its 50-day moving average (DMA )line ($140). Broader market weakness (M criteria) has been noted as a "correction" that has raised concerns.
ANET was highlighted in yellow with pivot point cited based on its 12/27/21 high plus 10 cents in the 3/08/23 mid-day report (read here). It was last shown in this FSU section on 3/08/23 with an annotated graph under the headline, "Arista Challenging All-Time High". Subsequent gains above the pivot point backed by more than +40% above average volume triggered a technical buy signal.
ANET currently has a 98 Earnings Per Share Rating. It reported Dec '22 quarterly earnings +72% on +55% sales revenues versus the year ago period, its 5th quarterly comparison strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings had a downturn in FY 20 like many during the pandemic.
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,061 in Dec '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.7 is an unbiased indication its shares have been under accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 245.1 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Arista Challenging All-Time High - Wednesday, March 8, 2023
Arista Networks Inc (ANET +$5.53 or +3.87% to $148.40) was highlighted in yellow with pivot point cited based on its 12/27/21 high plus 10 cents in the earlier mid-day report (read here). Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Fundamentals remain strong after it reported Dec '22 quarterly earnings +72% on +55% sales revenues versus the year ago period. It showed resilience since sputtering below its 200 DMA line after dropped from the Featured Stocks list on 12/22/22.
ANET currently has a 98 Earnings Per Share Rating. It reported Dec '22 quarterly earnings +72% on +55% sales revenues versus the year ago period, its 5th quarterly comparison strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings had a downturn in FY 20 like many during the pandemic. It was last shown in this FSU section on 11/14/22 with an annotated graph under the headline, "Finished in Middle of Intra-Day Range After Challenging Pivot Point".
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 2,057 in Dec '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.8 is an unbiased indication its shares have been under accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 245.1 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Sputtered Back Below Prior High Hurting Outlook - Friday, December 9, 2022
Arista Networks Inc (ANET -$0.23 or -0.18% to $127.90) has posted 2 small gains after 4 consecutive losses. Its 50-day moving average (DMA) line ($122.73) defines near-term support to watch. Fundamentals remain strong, but technically it has struggled since highlighted in yellow in the 11/14/22 mid-day report (read here) with pivot point cited based on its 11/04/22 high after a cup-with-handle base. Disciplined investors may note that it failed to produce a gain and close above the pivot point backed by at least +40% above average volume to trigger a proper technical buy signal. It has instead sputtered back below its August high. It still faces some resistance due to overhead supply up to the $148 level.
ANET currently has a 97 Earnings Per Share Rating. It reported Sep '22 quarterly earnings +69% on +57% sales revenues versus the year ago period, its 4th quarterly comparison strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings had a downturn in FY 20 like many during the pandemic. It was last shown in this FSU section on 11/14/22 with an annotated graph under the headline, "Finished in Middle of Intra-Day Range After Challenging Pivot Point".
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 1,976 in Sep '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 244.5 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Finished in Middle of Intra-Day Range After Challenging Pivot Point - Monday, November 14, 2022
Arista Networks Inc (ANET +$2.65 or +2.06% to $131.20) was highlighted in yellow in the earlier mid-day report (read here ) with pivot point cited based on its 11/04/22 high after a cup-with-handle base. A gain and close above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. It is perched near its August high after with today's 3rd consecutive volume-driven gain, but it still faces some resistance due to overhead supply up to the $148 level.
ANET currently has a 97 Earnings Per Share Rating. It reported Sep '22 quarterly earnings +69% on +57% sales revenues versus the year ago period, its 4th quarterly comparison strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings had a downturn in FY 20 like many during the pandemic. It was last shown in this FSU section on 4/22/19 with an annotated graph under the headline, "Hovering Near High With Volume Totals Cooling".
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 1,966 in Sep '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 243.4 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Hovering Near High With Volume Totals Cooling - Monday, April 22, 2019
Arista Networks Inc (ANET +$4.22 or +1.30% to $327.60) has been hovering near its all-time high with volume totals cooling. It remains below the "max buy" level previously noted. ANET was highlighted in yellow with new pivot point cited based on its 8/24/18 high plus 10 cents in the 3/13/19 mid-day report (read here). It was last shown in this FSU section on 3/13/19 with an annotated graph under the headline, "Rebounding Near High After Deep Consolidation".
It technically broke out above previously stubborn resistance in the $311-313 area with a big gain for a new high on 3/21/19 backed by +90% above average volume triggering a technical buy signal. That was a reassuring sign of the serious institutional buying demand that can lead to another meaningful and sustained price advance.
Fundamentals remained strong through the Dec '18 quarter. It has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong since its $43 IPO in June of 2014.
The number of top-rated funds owning its shares rose from 700 in Sep '17 to 1,150 in Mar '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 3.0 is an unbiased indication its shares have been under accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 50.7 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Rebounding Near High After Deep Consolidation - Wednesday, March 13, 2019
Arista Networks Inc (ANET +$7.42 or +2.60% to $292.51) was highlighted in yellow with new pivot point cited based on its 8/24/18 high plus 10 cents in the earlier mid-day report (read here). It is within striking distance of challenging previously stubborn resistance in the $311-313 area. Recent gains have been lacking great volume conviction. Subsequent gains for new highs backed by at least +40% may trigger a technical buy signal. That would be a reassuring sign of serious institutional buying demand that can lead to another meaningful and sustained price advance.
Fundamentals remained strong through the Dec '18 quarter. It has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong since its $43 IPO in June of 2014.
It went through a long and choppy consolidation since last shown in this FSU section on 8/24/18 with an annotated graph under the headline, "Considerable Gap Up Gain With Heavy Volume". It was dropped from the Featured Stocks list on 10/05/18 and sputtered, then rebounded impressively in February. The number of top-rated funds owning its shares rose from 700 in Sep '17 to 1119 in Dec '18, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.5 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 50.5 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Considerable Gap Up Gain With Heavy Volume - Friday, August 24, 2018
Arista Networks Inc (ANET +$25.97 or +9.19% to $308.58) was highlighted in yellow with new pivot point cited based on its 2/15/18 high plus 10 cents in the earlier mid-day report (read here). It gapped up today, rallying abruptly to reach a new all-time high with volume near 5 times its average. A close above the pivot point would have been a more reassuring sign, but it finished the session below that mark. Subsequent confirming gains into new high territory with above average volume would be a reassuring sign of serious institutional buying demand that can lead to another meaningful and sustained price advance.
ANET found support above its 200 DMA line during the choppy consolidation since dropped from the Featured Stocks list on 2/21/18. Fundamentals remain strong after it reported earnings +44% on +28% sales revenues for the Jun '18 quarter. It has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong since its $43 IPO in June of 2014.
It went through a long and choppy consolidation since last shown in this FSU section on 1/31/18 with an annotated graph under the headline, "Consolidating After Getting Extended From its Prior High".
The number of top-rated funds owning its shares rose from 700 in Sep '17 to 919 in Jun '18, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of B and a Sponsorship Rating of B. Its small supply of 50.1 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Consolidating After Getting Extended From its Prior High - Wednesday, January 31, 2018
Arista Networks Inc (ANET +$0.59 or +0.21% to $275.82) rebounded promptly after a sharp pullback at the open on Tuesday briefly undercut its "max buy" level. Prior highs in the $245 area define initial support to watch above its 50-day moving average (DMA) line ($243.57).
Fundamentals remain very strong, as ANET reported earnings +95% on +51% sales revenues for the Sep '17 quarter. It has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
ANET traded up as much as +203.5% since first highlighted at $93.80 in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here). It rebounded and rallied to new highs since last shown in this FSU section on 12/06/17 with an annotated graph under the headline, "Encountering Distributional Pressure After Wedging Near Prior High."
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 724 in Dec '17, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 45.3 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Encountering Distributional Pressure After Wedging Near Prior High - Tuesday, January 2, 2018
Arista Networks Inc (ANET -4.55 or -1.93% to $231.03) ended the session -6% off its all-time high. Its 50-day moving average (DMA) line ($220.82) defines near-term support above the prior low ($206.86 on 12/05/17). Subsequent violations would trigger technical sell signals.
Fundamentals remain very strong, as ANET reported earnings +95% on +51% sales revenues for the Sep '17 quarter. It has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
ANET traded up as much as +161.8% since first highlighted at $93.80 in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here). It was last shown in this FSU section on 12/06/17 with an annotated graph under the headline, "Halted Volume-Driven Pullback at 50-Day Moving Average Line."
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 691 Sep '17, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 45.3 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Halted Volume-Driven Pullback at 50-Day Moving Average Line - Wednesday, December 6, 2017
Arista Networks Inc (ANET +$1.81 or +0.86% to $212.86) pulled back from its high with 4 consecutive losses marked by high volume after getting very extended from the previously noted base. It halted its slide at the 50-day moving average (DMA) line ($207.03). That important short-term average and prior highs in the $196 area define support to watch. Subsequent losses leading to damaging violations may trigger technical sell signals.
Fundamentals remain very strong, as ANET reported earnings +95% on +51% sales revenues for the Sep '17 quarter. It has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
ANET traded up as much as +161.8% since first highlighted at $93.80 in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here). It was last shown in this FSU section on 11/09/17 with an annotated graph under the headline, "Perched at Record High Following Volume-Driven Gains".
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 687 Sep '17, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 45.3 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Perched at Record High Following Volume-Driven Gains - Thursday, November 9, 2017
Arista Networks Inc (ANET -$0.64 or -0.30% to $213.55) paused at its all-time high today after posting 4 consecutive volume-driven gains, rallying above its "max buy" level, getting extended from the previously noted base. Big volume-driven gains helped its outlook improve after an abrupt pullback below the 50-day moving average (DMA) line. It was noted in the 11/03/17 mid-day report - "Reported earnings +95% on +51% sales revenues for the Sep '17 quarter. Volume and volatility often increase near earnings news."
Fundamentals remain very strong. It was last shown in this FSU section on 10/16/17 with an annotated graph under the headline, "Perched Near All-Time High, Extended From Any Sound Base". ANET has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014. It traded up as much as +134.8% since first highlighted at $93.80 in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here).
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 654 Sep '17, a reassuring sign concerning the I criteria. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 45.3 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Perched Near All-Time High, Extended From Any Sound Base - Monday, October 16, 2017
Arista Networks Inc (ANET -$2.35 or -1.23% to $188.79) pulled back today for a 3rd consecutive small loss on light volume. It is still perched near its all-time high, extended from any sound base. Its 50-day moving average (DMA) line ($179.60) and prior highs in the $176 area define important near-term support to watch on pullbacks. Fundamentals remain very strong.
It was last shown in this FSU section on 9/19/17 with an annotated graph under the headline, "Extended From Any Sound Base After Additional Volume-Driven Gains". Strength had returned and it gapped up for new highs on 8/04/17 after it reported Jun '17 earnings rose +81% on +51% sales revenues versus the year ago period. ANET has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
ANET traded up as much as +109.2% since first highlighted at $93.80 in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here).
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 630 Sep '17, a reassuring sign concerning the I criteria. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 45 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Extended From Any Sound Base After Additional Volume-Driven Gains - Tuesday, September 19, 2017
Arista Networks Inc (ANET -$0.96 or -0.53% to $181.72) is perched near its all-time high following additional volume-driven gains, extended from any sound base. Its 50-day moving average (DMA) line ($166.17) and prior highs in the $162 area define important near-term support to watch on pullbacks. Fundamentals remain very strong.
It was last shown in this FSU section on 8/23/17 with an annotated graph under the headline, "Gapped Up After Earnings Repairing 50-Day Moving Average Violation". Strength returned and it gapped up for new highs on 8/04/17 after it reported Jun '17 earnings rose +81% on +51% sales revenues versus the year ago period. ANET has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
ANET traded up as much as +97.6% since first highlighted at $93.80 in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here).
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 590 Jun '17, a reassuring sign concerning the I criteria. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 45 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Gapped Up After Earnings Repairing 50-Day Moving Average Violation - Wednesday, August 23, 2017
Arista Networks Inc (ANET -$1.74 or -0.99% to $173.51) extended from any sound base. Prior highs in the $162 area define initial support above its 50-day moving average (DMA) line ($158). Disciplined investors avoid chasing extended stocks.
A slump of volume-driven gains undercut the 50 DMA line and prior lows raising concerns and triggering technical sell signals after it was last shown in this FSU section on 7/18/17 with an annotated graph under the headline, "Networking Firm Consolidating Above 50-Day Moving Average Line". However, strength returned and it gapped up for new highs on 8/04/17 after it reported Jun '17 earnings rose +81% on +51% sales revenues versus the year ago period.
ANET has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
ANET traded up as much as +88.1% since first highlighted at $93.80 in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here).
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 569 Jun '17, a reassuring sign concerning the I criteria. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 45 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Networking Firm Consolidating Above 50-Day Moving Average Line - Tuesday, July 18, 2017
Arista Networks Inc (ANET +$0.77 or +0.50% to $155.99) is very extended from any sound base. Its 50-day moving average (DMA) line ($150.47) defines near-term support to watch on pullbacks. Disciplined investors avoid chasing extended stocks.
It recently reported quarter as its Mar '17 earnings rose +37% on +39% sales revenues versus the year ago period. ANET has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
It was last shown in this FSU section on 6/06/17 with an annotated graph under the headline, "Computer Networking Firm Very Extended From Any Sound Base". ANET traded up as much as +73.74% since first highlighted at $93.80 in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here). Along the way, a damaging loss on 1/17/17 with heavy volume raised concerns and triggered a technical sell signal. It halted its slide near prior highs in the $87 area and eventually rebounded above its 50 DMA line helping its outlook to improve.
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 510 Jun '17, a reassuring sign concerning the I criteria. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 44.6 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Computer Networking Firm Very Extended From Any Sound Base - Tuesday, June 6, 2017
Arista Networks Inc (ANET +$1.02 or +0.66% to $155.35) posted a 6th consecutive gain and hit another new all-time high today, getting very extended from any sound base. Its 50-day moving average (DMA) line ($140.37) and prior lows define near-term support to watch on pullbacks.
It recently reported quarter as its Mar '17 earnings rose +37% on +39% sales revenues versus the year ago period. ANET has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
Disciplined investors avoid chasing extended stocks. It was last shown in this FSU section on 5/08/17 with an annotated graph under the headline, "Bullish Technical Action Following Recent Earnings"". ANET is up +65.6% since first highlighted at $93.80 in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here). Along the way, a damaging loss on 1/17/17 with heavy volume raised concerns and triggered a technical sell signal. It halted its slide near prior highs in the $87 area and eventually rebounded above its 50 DMA line helping its outlook to improve.
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 476 Mar '17, a reassuring sign concerning the I criteria. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 44.6 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Bullish Technical Action Following Recent Earnings - Monday, May 8, 2017
Arista Networks Inc (ANET -$1.97 or -1.36% to $142.75) pulled back today. On the prior session it rallied above its "max buy" level hitting a new all-time high with a big volume-driven gain. The gain followed the recently reported quarter as its Mar '17 earnings rose +37% on +39% sales revenues versus the year ago period. ANET has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
Disciplined investors avoid chasing extended stocks. It was last shown in this FSU section on 4/05/17 with an annotated graph under the headline, "Extended From Any Sound Base After a Considerable Rally ". ANET is up +52.18% since first highlighted at $93.80 in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here). Along the way, a damaging loss on 1/17/17 with heavy volume raised concerns and triggered a technical sell signal. It halted its slide near prior highs in the $87 area and eventually rebounded above its 50 DMA line helping its outlook to improve.
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 461 Mar '17, a reassuring sign concerning the I criteria. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 44.6 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Extended From Any Sound Base After a Considerable Rally - Wednesday, April 5, 2017
Arista Networks Inc (ANET +$0.80 or +0.60% to $134.00) is perched near its all-time highs and it rallied with above average volume behind today's gain, getting more extended from any sound base. Disciplined investors avoid chasing extended stocks. It was last shown in this FSU section on 3/01/17 with an annotated graph under the headline, "Stubbornly Holding Ground After Breakaway Gap", following a big "breakaway gap" on 2/17/17. It reported earnings +30% on +34% sales revenues for the Dec '16 quarter and it was noted - "Recovered impressively and faces no resistance due to overhead supply, but it has not formed a sound base after its gap down on 1/17/17."
ANET is up +42.85% since first highlighted at $93.80 in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here). Along the way, a damaging loss on 1/17/17 with heavy volume raised concerns and triggered a technical sell signal. It halted its slide near prior highs in the $87 area and eventually rebounded above its 50 DMA line helping its outlook to improve.
Through the Dec '16 quarter ANET has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 454 in Dec '16, a reassuring sign concerning the I criteria. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 34.8 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Stubbornly Holding Ground After Breakaway Gap - Wednesday, March 1, 2017
Arista Networks Inc (ANET +$1.65 or +1.39% to $120.64) has been holding its ground stubbornly, extended from prior highs in the $103 area following a big "breakaway gap" on 2/17/17. It reported earnings +30% on +34% sales revenues for the Dec '16 quarter and it was noted - "Recovered impressively and faces no resistance due to overhead supply, but it has not formed a sound base after its gap down on 1/17/17."
ANET is up +28.6% since first highlighted at $93.80 in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here). It was last shown in this FSU section on 1/18/17 with an annotated graph under the headline, "Technical Damages Raised Concern and Triggered Technical Sell Signal", after violating its 50-day moving average (DMA) line also undercutting prior lows in the $91 area. The damaging loss on heavy volume raised concerns and triggered a technical sell signal. It halted its slide near prior highs in the $87 area and eventually rebounded above its 50 DMA line helping its outlook to improve.
Disciplined investors know that risk increases when chasing a stock more than +5% above its prior highs or it pivot point. In all cases, stocks that fall more than 8% from your purchase price should be sold to prevent a small loss from potentially becoming a more devastating loss.
ANET has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 439 in Dec '16, a reassuring sign concerning the I criteria. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 34.8 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Technical Damages Raised Concern and Triggered Technical Sell Signal - Wednesday, January 18, 2017
Arista Networks Inc (ANET +$0.48 or +0.54% to $88.71) gapped down on the prior session violating its 50-day moving average (DMA) line also undercutting prior lows in the $91 area. The damaging loss on heavy volume raised concerns and triggered a technical sell signal. It halted its slide near prior highs in the $87 area. However, a prompt rebound above its 50 DMA line ($94.25) is needed for its outlook to improve.
It was last shown in this FSU section on 12/20/16 with an annotated graph under the headline, "Holding Ground After Rally More Than 5% Beyond Prior Highs". It was highlighted in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here). Disciplined investors know that risk increases when chasing a stock more than +5% above its pivot point. In all cases, stocks that fall more than 8% from your purchase price should be sold to prevent a small loss from potentially becoming a more devastating loss.
ANET has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria) through the Sep '16 quarter. Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 439 in Dec '16, a reassuring sign concerning the I criteria. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 34.4 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Holding Ground After Rally More Than 5% Beyond Prior Highs - Tuesday, December 20, 2016
Arista Networks Inc (ANET +$0.06 or +0.06% to $98.00) rallied further above its "max buy" level. Prior highs in the $88 area define initial support to watch on pullbacks. It was last shown in this FSU section on 11/21/16 with an annotated graph under the headline, "Heavy Volume Behind Breakout Gain", as it finished strong after highlighted in yellow with pivot point cited based on its 2015 high plus 10 cents in the earlier mid-day report (read here). Disciplined investors know that risk increases when chasing a stock more than +5% above its pivot point.
ANET has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria) through the Sep '16 quarter. Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 437 in Sep '16, a reassuring sign concerning the I criteria. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of 34.4 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
Heavy Volume Behind Breakout Gain - Monday, November 21, 2016
Arista Networks Inc (ANET +$6.50 or +7.39% to $94.48) finished strong after highlighted in yellow with pivot point cited based on its 2015 high plus 10 cents in the earlier mid-day report (read here). Disciplined investors know that risk increases when chasing a stock more than +5% above its pivot point. While challenging its all-time high, today's gap up and big gain backed by +256% above average volume triggered a technical buy signal yet quickly lifted it beyond its "max buy" level noted. Prior highs in the $87 may act as initial support on pullbacks, and patience may allow for accumulating shares without stretching too far beyond the fact-based investment system's guidelines.
ANET has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria) through the Sep '16 quarter. Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.
The number of top-rated funds owning its shares rose from 360 in Dec '15 to 434 in Sep '16, a reassuring sign concerning the I criteria.
The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 34.4 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
