$ANET Arista Networks was in the process of breaking out of a long term bullish pennant pattern just before it was announced they were adding it to the S&P 500...with that came a volatile couple weeks.
The attention seems to have cooled off and we're finding support back at the lower trend line. Fundamentally, this company has consistently put together a solid string of earnings beats over the last two years plus. I'm expecting the stock to easily be back above $300 by next earnings report early November.
Target - $310 by Nov
Note: Informational analysis, not investment advice.
The attention seems to have cooled off and we're finding support back at the lower trend line. Fundamentally, this company has consistently put together a solid string of earnings beats over the last two years plus. I'm expecting the stock to easily be back above $300 by next earnings report early November.
Target - $310 by Nov
Note: Informational analysis, not investment advice.