Awaiting resistance break in Arista Networks Arista Networks is on the verge of taking the first step into filling a huge 19% gap in the chart, as a result of poor guidance during the most recent earnings report.
A1NE34 trade ideas
$ANET Reversal trade in Arista NetworksIf the weekly 200MA holds today there may be a very good opportunity to catch a reversal trade in the stock.
The Earnings call last night was extremely negative and we were expecting a greater drop today.
The fact that technicals including MA's, Fibonacci and trend-lines have all acted as support we believe that a entry next week could be very rewarding. A similar level was recovered from previously as orders and outlook improved over the following quarters.
$ANET Uptrend support holds Arista Networks.This is a stock which has had great volatility when it comes to earnings, the risk reward at the moment may favour the long side, as the stock has held its long term uptrend despite numerous selloffs.
Analysts split on Arista networks.
In a report released yesterday, Ryan Koontz from Rosenblatt Securities maintained a Hold rating on Arista Networks (ANET), with a price target of $260.00. The company’s shares closed last Monday at $240.97.
According to TipRanks.com, Koontz is a 5-star analyst with an average return of 22.1% and a 62.2% success rate. Koontz covers the Consumer Goods sector, focusing on stocks such as CommScope Holding, Juniper Networks, and Ciena Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arista Networks with a $279.00 average price target, which is a 18.3% upside from current levels. In a report issued on October 3, Nomura also downgraded the stock to Hold with a $230.00 price target.
P/E ratio 27.15
Company profile
Arista Networks, Inc. engages in the development, marketing, and sale of cloud networking solutions. Its cloud networking solutions consist of Extensible Operating System, a set of network applications; and Ethernet switching and routing platforms. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in October 2004 and is headquartered in Santa Clara, CA.
ANET- Earnings around the corner...Symmetrical triangle pattern, negative divergence. Everywhere lol. August 2019 they forecasted a rough quarter coming up. Is it rougher than expected?
Expecting a little more upside maybe until Tuesday, depending on when it runs out of gas on stoch, MACD and RSI
Last 2 earnings saw big gaps to the downside.
Decent support at $188.79 if it drops out of the triangle.
Unless we see a breakout of the negative divergence, might be worth a short for earnings. Last 2 earnings saw drops of $20+
Short term, slightly upside for a few more days, then down.
This is not advice. DYOR.
ANET [NYSE] Arista Networks, Inc.All description on the chart.
Please, don't forget to like and follow.
Thank you.
Arista Networks - ANETArista Networks broke SMA 100 (may be support line). High probability that the share closes the price gap, which was created on May 3 (q1 earnings release). On 1st August company will publish 2Q earnings. Our portfolio position is 3,5%. Before increasing exposure up to 5% we will wait a little bit to see if it funds support at SMA 100. Also upper bollinger band and RSI close to 70 might could effect price movement in a short period.
Arista Networks is fantastic company - in 2019 current forecasts / revenue, +19%, EPS +16%, EBITDA margin +2.5 p.p. (37.5%). In 2020 / revenue, +19%, EPS +13%, EBITDA margin -0.2 p.p. (37.3%).
Arista Networks is high beta stock - investor need to be careful.
Alert set for break above $280 resistance in Arista Networks.Arista had a meteoric rise from the December lows with a 75% jump in the first quarter of 2019, and then a poor earnings report and guidance in May brought about a almighty selloff. Numerous downgrades followed and resulting in a major gap been filled in the chart. As of mid June buyers have returned and the stock has now hit a confluence of resistance at $280, we would suggest that a break above $280 should bring some rapid gains.
AVERAGE ANALYSTS PRICE TARGET $302
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 60
SHORT INTEREST 3.64%
COMPANY PROFILE
Arista Networks, Inc. engages in the development, marketing, and sale of cloud networking solutions. Its cloud networking solutions consist of Extensible Operating System, a set of network applications; and Ethernet switching and routing platforms. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in October 2004 and is headquartered in Santa Clara, CA.
anetsmall play towards the gap resistance line, then add on any break to play to fill gap. Tight stops on way to resistance. Just my thoughts
ANETWhen in doubt, short garbage. Obviously hit resistance, earnings coming up in a month. No earnings growth last quarter, stock tanked. No dividends, no reason to hold this anymore.
ANETMight be one more up day if they jack up futures again, but when this thing dumps it dumps hard. No reason for it to rally.
ANET - ShortStop = $248.45 tight. Looking for a failure today AND tomorrow, if not, I will cut the loss quickly. Seems to be weakening in the downtrend. Target = $220 area
$ANET Option traders buying $362 call options for MAY 3rdSince our last analysis on ANE,T there has been some selling but the major support level has held. We love the stock but we were and remain to be worried about the indicators signalling further selling. Earnings are today so we will play it long depending on the market sentiment, if support breaks today we will possible wait to long after earnings for a chance of better entry. This stock is just n the early stages so there will be plenty of opportunity in the future.
stock looks tired...Looks to be reversing off a three drives here and the upper bounds of the large alternate bearish bat. Probably going to see some profit taking here going into its earnings.
ANET: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
$ANET Nice short opportunityArista Networks has had a 60% move from December lows, it looks to have run to far to fast and the sellers have banked large profits. All indicators are pointing to further declines.
risky longLooks to be 2 inv H&S patterns in play, one w/ a conservative target of the ATH at 313. The more aggressive around 340+. This whole pattern is also a bearish bat/shark both with the same PRZ from 300-330. A move above 330 invalidates both bearish harmonic patterns. I'd long anything above that purple line. But careful here as RSI is currently diverging on daily and any move below the purple line implies a retrace to 265 and this becomes a clear short.
$ANET Overbought at Resistance - Sept Gap Closed$ANET Overbought at Resistance - Sept Gap Closed
See chart for near and medium term targets
Note: Informational analysis, not investment advice
ANET breaking outArista Networks (NYSE: ANET) has a habit of beating expectations on both the top and bottom lines, having done so in each of the past three earnings reports. The company has achieved this with impressive revenue growth, increasing sales by 41%, 28%, and 29% for the first, second, and third quarters, respectively.
You wouldn't know it by the stock price, however, which ended 2018 on a sour note, losing all its gains and falling 10% for the year, versus a 6% decline for the S&P 500. This was largely the result of the year-end correction that was especially brutal on technology stocks, and fears about the company's slowing growth rate.
The cloud networking-solutions provider will have another opportunity to impress investors, as the company is scheduled to report the financial results of its fourth quarter after the market close on Thursday, Feb. 14. Let's recap Arista Networks' third-quarter results for any insight into what investors can expect in the next earnings report.
Danny Vena, The Motley Fool
,Motley Fool•February 11, 2019
