Long Position on ANET @ $89.00 on 1/19/2017 (Fundamentals)

Arista Networks, Inc. (ANET) supplies cloud networking solutions in the United States and internationally.

The company’s cloud networking solutions consist of extensible operating systems, a set of network applications, and gigabit Ethernet switches. It also offers technical support services.

The company serves a range of industries, including Internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, and others. Arista Networks, Inc. markets its products through direct sales force, as well as channel partners, such as distributors, value-added resellers, systems integrators, and original equipment manufacturer partners.

Shares are heading higher in an upward trading channel. Shares fell earlier this week to the bottom of the said trading channel after an adverse decision by the U.S. Customs and Border Protection agency. U.S. Customs said on Friday that it had granted a revocation request from Cisco systems, with the effect of undoing a judgment back in November that had allowed Arista to continue importing products from abroad. Arista will still be able to fulfill U.S. orders from domestic manufacturers of its products, but others fear the decision could eventually create a supply bottleneck that could lead to customer discontent. Arista has said that it will fight the decision by responding to Cisco's allegations, but the only thing that's fairly certain is that the dispute is likely to last well into the future. The news has offered a buying opportunity for this stock. Higher share prices are expected for this stock.

52-Weeks Trading Range: $52.51 - $103.00

Entry Point: $89.00

Stop Loss: $84.50

Target Price: $98.00

Updates

2/8/2017 2:55:27 PM

ANET closed at $98.00

Position closed on 2/8/2017 at price of $98.00 with a 10.11% gain in 20 days.

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