ANET: With a Breakout, a Clear Transition to the Advance Zone
Arista Networks, Inc. broke its key resistance and entered the advance zone on strong earnings growth.
It stayed trapped in the price channel ($100-$140) for more than a year due to the downtrend in stock markets. But now with good volumes and steady growth behind it, it's taken a big step.
ANET's revenue grew 49% (TTM) and income 61% (TTM) and is expected to continue its growth momentum.
This cloud computing stock is a very good pick over the long term.
It stayed trapped in the price channel ($100-$140) for more than a year due to the downtrend in stock markets. But now with good volumes and steady growth behind it, it's taken a big step.
ANET's revenue grew 49% (TTM) and income 61% (TTM) and is expected to continue its growth momentum.
This cloud computing stock is a very good pick over the long term.
