2 days ago
3 Upcoming Catalysts That Could Propel Arista Networks (ANET) Higher
Arista Networks Inc (NYSE:ANET) is one of the . On June 25, Evercore ISI analyst Amit Daryanani reiterated an 'Outperform' rating on the stock with a $110.00 price target. The firm considers Meta's two-layer scheduled fabric architecture for back-end networks to be a significant opportunity for Arista.
It is expected that both Meta and Oracle will increase deployment of the Arista-centric two-layer approach in the second half of this year, utilizing Broadcom's Jericho and Ramon chipsets instead of Tomahawk.
A software engineer debugging a complex communications infrastructure.
According to the firm, Arista accounts for an estimated 30% of spend in the three-layer architecture versus 100% in the two-layer approach. It is further expected that Arista will secure about 30% of back-end cloud networking spend, driving 'outsized growth in CY25 and beyond.'
CY25 guidance updates, OCP announcements from Meta, and Meta revenue percentage disclosure anticipated during fourth-quarter earnings are three catalysts identified by the firm for Arista.
Arista Networks Inc (NYSE:ANET) develops, markets, and sells cloud networking solutions.
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