Arista Networks trade setupPossible entry level $226.33
Target price $2345.10
Broken through Fibonacci resistance.
Gap fill trade still on the cards longer term.
ANET trade ideas
Arista Networks has 13% upside potential the stock has made a fabulous reversal after the post earnings selloff and it looks set to continue when the current Fibonacci retrace level is crossed.
The gap fill is in process but it has remained a slow grind higher which is encouraging rather than a frantic spike resulting in mass selling and profit taking.
Arista Network Filling the gap 14% more upside Fantastic reversal off the lows by ANET which suffered a severe sell off post earnings.
Up 22% from then and has traded withing a nice channel.
We believe the next move is to the upside of that channel and the Fibonacci Golden pocket retrace level.
ANET Drop backFalling back into rising wedge. Close on 4hr at this lvl or lower will be a good size bearish engulfing candle. Could find support from trendline around 197 or so. If not, Black dashed line at 188 and change was a bit of support from a time ago. Could drop to around that lvl if it falls out of the wedge or possibly more with how much this stock can move.
$ANET 18% upside potential remains in Arista Networks.Alert set for break from pennant as we look for further upside.
stock is helped by the extremely bullish market sentiment
Nice gains since our first alert.
GAP fill opportunity remains
P/E 22
Seeking Alpha article
Arista Networks is down by 40% from its highs due to disappointing sales guidance.
However, this looks like a temporary slowdown due to delayed spending from a big customer.
The business remains competitively strong, and growth opportunities are quite attractive over the long term.
Expectations have been reduced, and valuation looks quite attractive if growth rates accelerate again in the future.
The current pullback in Arista Networks looks like a buying opportunity for long-term investors who can tolerate the short-term uncertainty.s
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.
$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.
