Arista Networks today announced financial results for its first quarter ended March 31, 2020.
The last time value stocks were in style, Abraham Lincoln still had a Pennsylvania Avenue address.OK, it hasn't been quite that long. Still, for years, even the best value stocks have taken a back seat to growth. The Wilshire US Large-Cap Growth Index, for instance, has produced a total return (price plus dividends) of 250.6% between the start of 2007 and May 11, 2020; over the same period, the Wilshire US Large-Cap Value Index managed just 106.7%.Growth stocks appear to have gotten way ahead of themselves, which at least sets up the possibility that value stocks will return to favor. But there are no guarantees."Growth's outperformance will end when it finally crumbles under its own weight, as it finally did in 2000, but I have no idea if it happens next week or in five years," Pekin Hardy Strauss portfolio manager Josh Strauss recently told MarketWatch.Market timing is a fool's errand, however. Instead, you can do well by simply targeting high-quality value stocks now ... which includes determining just what real "value" is. For instance, is a stock that trades at less than five times earnings a bargain if it's buried in debt? That seems doubtful, especially in this uncharted economic territory brought about by COVID-19.Here are 10 of the best value stocks to buy right now. For the value component, we're using cash rather than profits, which can be skewed by various accounting adjustments. Also, in this time of uncertainty, it's important for portfolio picks to have healthy balance sheets. So each of these stocks boasts cash positions that are greater than their outstanding debt. SEE ALSO: 50 Top Stock Picks That Billionaires Love
The year 2020 was already going to be a ho-hum one for Arista Networks (NYSE: ANET), and the coronavirus pandemic certainly hasn't changed that. Arista Networks' first-quarter 2020 revenue came in at $523 million, near the bottom of guidance provided a few months ago and good for a year-over-year decline of 12%. Adjusted net earnings were $162 million (down 14%), and adjusted earnings per share fell 13%, getting a slight benefit from Arista's ongoing share-repurchase program.
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Arista Networks, Inc...
Cisco jumps on the back of strong 1st-quarter results Continue reading...
Arista Networks (ANET) delivered earnings and revenue surprises of 12.85% and 2.00%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Despite lower revenues due to muted demand resulting from the adverse impact of coronavirus, Arista Networks, Inc. (ANET) beats on first-quarter 2020 earnings.
Giverny Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. You should check out Giverny Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash. There weren’t a lot of funds who could deliver these kinds […]
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Q1 2020 Arista Networks Inc Earnings Call
Three no-brainer tech stocks that are poised to benefit as companies accelerate plans for a cloud-based digital future are Veeva Systems (NYSE: VEEV), Okta (NASDAQ: OKTA), and Arista Networks Inc (NYSE: ANET). As cloud software started to become mainstream, Veeva CEO and co-founder Peter Gassner realized that there weren't quality software solutions for the highly regulated life sciences industry, so he started the company in 2007.
As an internet user, you benefit from the products and services of these tech companies without knowing it.
Arista Networks (ANET) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
ANET earnings call for the period ending March 31, 2020.
While that should theoretically benefit switch-makers Cisco and Arista Networks, companies large and small are pulling back or hitting pause on their IT investments whenever possible. Throw in some supply disruption, and both Cisco and Arista saw declining sales and profits in the first quarter. In the enterprise switching world, Cisco has long been the dominant player, emerging in the 1990s.
Arista Networks (ANET) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
A Relative Strength Rating upgrade for Arista Networks shows improving technical performance. Will it continue?
Rosenblatt Securities analyst Ryan Koontz maintained a Hold rating on Arista Networks (NYSE:ANET) on Tuesday, setting a price target of $200, which is approximately 3.68% below the present share price of $207.64.
Arista extends its open cloud networking software leadership with the introduction of switches Powered by SONiC.
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