273.80 0.00 (0.00%)
After hours: 6:18PM EDT
|Bid||0.00 x 1300|
|Ask||283.80 x 2200|
|Day's range||271.39 - 277.93|
|52-week range||141.78 - 311.67|
|PE ratio (TTM)||45.11|
|Earnings date||1 Aug 2018 - 6 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||286.58|
Here are some things going on today in the world of tech: Twitter’s Ad Appeal Grows Shares of Twitter (TWTR) are up $1.13, or 3%, at $42.55, after JPMorgan Chase’s Doug Anmuth this morning reiterates his Overweight rating on the shares, and raises his price target to $50 from $39, after concluding that its “advertising momentum is strengthening, particularly among large marketers.” Anmuth’s chats with ad-industry types tell him the double-digit rise in “daily average users” in the last six quarters, and the higher engagement for ads, and “better pricing as cost per engagement (CPE) continues to decline” are all helping the company's ad business. Tesla’s Showroom Hums Shares of Tesla (TSLA) are up $12, or almost 4%, at $344, after KeyBanc’s Brad Erickson raised his estimates for the company's sales of its Model 3 sedan, after talking with various staff at showrooms around the country.
NEW YORK, June 11, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Aetna ...
Examining how Arista Networks Inc (NYSE:ANET) is performing as a company requires looking at more than just a years’ earnings. Below, I will run you through a simple sense checkRead More...
Here are some things going on today in the world of tech: Tesla’s Body Language Shares of Tesla (TSLA) are up $14.19, or 5%, at $305.32, after Chief Executive Elon Musk yesterday remarked at the company’s annual shareholder meeting that the company is “quite likely” to reach a goal of making 5,000 of its Model 3 sedan per week, by the end of this month, as related by Reuters’s Alexandria Sage and Noel Randewich. Commenting on that annual meeting, Ben Kallo with R.W. Baird this morning reiterates an Outperform rating on Tesla shares, and a $411 price target, writing that the “body language was positive” at the meeting.
Arista Networks (ANET) today announced a new family of multi-function leaf and spine platforms. Based on the Barefoot Tofino™ series of P4-programmable Ethernet switch chips, the Arista 7170 Series delivers flexible systems for a multitude of applications across cloud networks. The Arista 7170 Series replaces expensive, legacy networking appliances and routers by moving critical functions into the network.
Arista Networks (ANET) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
What’s unimpressive news for Cisco Systems (CSCO) may be good news for some of its competitors in computer hardware. The company’s indication that corporate buyers are spending in a big way should be encouraging to numerous companies who compete in one way or another with Cisco. Shares of Cisco are down $1.64, or 3.6%, at $43.52, after the company yesterday afternoon slightly beat fiscal Q3 revenue and profit expectations, and forecast this quarter’s results more or less in line.
Networking giant Cisco Systems (CSCO) is set to release fiscal Q3 earnings this afternoon, after the closing bell, and analysts have been tuning up their models. R.W. Baird analyst Jayson Noland’s conversations with over 65 “channel partners,” companies that sell as much as $10 billion of Cisco gear annually, reveal “lead times” for its "Catalyst 9000” switches, the wait to get one, have been stretching out, which he thinks is "a function of demand as opposed to a supply-chain constraint.” The same group of resellers expect this quarter to be similarly upbeat. As I noted on Monday, Cowen & Co.’s Paul Silverstein is hearing similarly good vibes as he talks to people in industry, and it’s because Cisco is improving how it talks to customers.
What Can We Expect from Cisco Systems in Fiscal 3Q18? Arista Networks (ANET) stock is up more than 6.0% this week after it declined 8.5% on May 4, driven by disappointing revenue guidance provided by the firm. Arista Networks is one of the most disruptive networking companies in the industry.
Cisco's (CSCO) Q3 earnings are likely to driven by its digitization capabilities, especially 5G initiatives. Strength in networking, cloud and security are other positive factors.
The popular conception of Silicon Valley is that it’s inhabited by 20-somethings who play Ping-Pong, eat free snacks, and code apps late into the night. Among the latter is the leadership at Arista Networks (ANET), a 14-year-old developer of computer-networking technology. Piloted by CEO Jayshree Ullal, 57, the company boasts a remarkable collection of tech veterans, a number of whom know each other from prior jobs at industry behemoth Cisco Systems (CSCO).
Here are some things going on today in the world of tech: Apple's $1 Trillion Market Cap Coming Right Up Everyone’s been fixated of late on Apple’s (AAPL) proximity to an historic $1 trillion dollar market cap, given it currently trades at $958 billion, given a current price of $189.04 with 5.068 billion shares outstanding. M onness Crespi Hardt’s Brian White blames the stock multiple for Apple not already being there: the price-earnings multiple of just 12.2 times next year’s projected earnings for Apple should be much higher, he believes. Writes White, "Given Apple’s strong earnings results last week with a return to iPhone unit growth driven by the iPhone X, combined with a strong performance delivered in Greater China and meaningful upside in the Services business, we believe Apple is on a path to surpass the $1 trillion market-capitalization milestone in the coming months.” "If Apple traded at the average P/E multiple (17x CY19) of consumer-related stocks” such as Coca Cola (KO), writes White, "Apple would already have a market capitalization north of $1 trillion." Apple needs to hit $197.32 in share price to reach $1 trillion.
Here are some things going on today in the world of tech: Shares of Arista Networks (ANET) are up $6.01, or 2.4%, at $258.37, after the company yesterday afternoon held its annual analyst day meeting at its headquarters in in San Jose, Calif. It unveiled its first products to challenge Cisco Systems (CSCO) in the latter’s dominant franchise in so-called campus networking, the fundamental equipment used to build local-area networks inside corporate offices. Most of the reviews today are raves, with analysts enthusiastic about the $3 billion to $4 billion new market opportunity the company outlined. Arista told analysts at the meeting not to expect “material” revenue from the initiative until 2020.
Shares of Arista Networks Inc. are up 2.6% in Tuesday morning trading after several analysts commented on the company's recent analyst day. Morgan Stanley analyst James Faucette reiterated his overweight rating on the stock, writing the Arista's "attraction as a stock is the push into new markets, including campus, that the company is just beginning, while we think the market is overly focused on hyperscale customer dynamics (where we still see good demand growth)." Faucette sees Arista's move into campus networking as one that could potentially double the company's total addressable market. Instinet's Jeffrey Kvaal saw some positives as well but maintained his neutral rating and $235 target.
Arista Networks (ANET) today announced a new network architecture designed to address transitional changes as the enterprise moves to an IoT (Internet of Things)-ready campus. Leveraging EOS® and CloudVision®, Arista’s Cognitive Cloud Networking approach brings operational consistency and modern cloud principles to the enterprise campus. This solution, driven with key partnerships, Aruba, a Hewlett Packard Enterprise company, and VMware, helps reduce customer operational expenses through simplified architectures, data-driven analytics and segment-based security.
Look for Arista Networks, Red Hat and ServiceNow to host analyst days this week while Nutanix holds its annual user conference.
The Nasdaq composite led a broad stock market rally Friday, with indexes closing sharply higher after the April jobs report brought some relief and investors applauded earnings reports.
The Nasdaq composite led a broad stock market rally Friday afternoon, climbing back above a key level, after the April jobs report eased Fed rate hike fears.
Here are some things going on today in the world of tech: Buffett Goes All In on Apple Who is Apple’s (AAPL) biggest booster? At the moment, it is Warren Buffett. Berkshire Hathaway's (BRK-b) chief executive told CNBC’s Becky Quick this morning that he thinks the way the Street angsts over iPhone sales is nonsensical.
Shares of Arista Networks Inc. are down 10.6% in Friday morning trading after some analysts expressed concerns about the company's forecast. Deutsche Bank analyst Vijay Bhagavath lowered his price target ...