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Down 20% From Highs, Is Arista Networks a Genius Buy or a Trap Before Earnings?

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Covered by 2 outlets: 24/7 Wall St., Yahoo Finance.

Who covered it: Center 1 · Not rated 1. How we rate outlets

Down 20% From Highs, Is Arista Networks a Genius Buy or a Trap Before Earnings?

Arista Networks heads into earnings having posted its first $3 billion quarter, yet the stock has shed nearly 10% in a month while trading at a premium multiple that left no margin for error last time around.

Directly affected

  • ANET Arista Networks-5.3% 30d

    Named in this report.

Indirectly affected

  • XLK Technology Select Sector SPDR+9.1% 16d

    Technology Select Sector SPDR holds the technology sector that Arista Networks belongs to, so it often moves with news about it.

  • CSCO Cisco Systems+3.4% 30d

    Cisco Systems is a peer of Arista Networks in computer communications equipment; rivals often move on the same news.

  • FFIV F5+6.9% 30d

    F5 is a peer of Arista Networks in computer communications equipment; rivals often move on the same news.

  • EXTR Extreme Networks+5.5% 10d

    Extreme Networks is a peer of Arista Networks in computer communications equipment; rivals often move on the same news.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
ANET-8.46%-5.12%baseafter closeafter closeafter closeafter close
XLKPrices arriving within minutes———after closeafter closeafter closeafter close
CSCOPrices arriving within minutes———after closeafter closeafter closeafter close
FFIVPrices arriving within minutes———after closeafter closeafter closeafter close
EXTRPrices arriving within minutes———after closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Down 20% From Highs, Is Arista Networks a Genius Buy or a Trap Before Earnings? 24/7 Wall St.

Source: 24/7 Wall St.

This story

CompanyWhenMoveStatus
ANETthree days earlier-5.12%final price
ANETfive days earlier-8.46%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

25 out of 100

“Down 20% From Highs, Is Arista Networks a Genius Buy or a Trap Before Earnings?” scores 25 out of 100. The score uses 2 sources.