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Arista Networks, Inc. (ANET) develops, markets, and sells cloud networking solutions. 
The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms.
It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services.
The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, and others.
It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force.
Shares have formed a bullish "flag" following its recent earnings report. On May 1st, ANET reported 1st Quarter March 2023 earnings of $1.42 per share on revenue of $1.4 billion. The consensus earnings estimate was $1.35 per share on revenue of $1.3 billion. Revenue grew 54.1% on a year-over-year basis.
The company said it expects second quarter revenue of $1.35 billion to $1.40 billion. The previous consensus revenue estimate was $1.35 billion for the quarter ending June 30, 2023.
Entry Point: $160.00
Trading Range: $89.115 to $178.36
Stop Loss: $153.00
Target Price: $176.00
