ANET

With a market cap of $228.1 billion, Arista Networks, Inc. (ANET) develops and delivers data-driven networking solutions for AI, cloud, data center, campus, and routing environments, serving customers across the Americas, Europe, the Middle East, Africa, and Asia-Pacific. It offers its Extensible Operating System (EOS), cloud and AI networking products, cognitive network software and services, and customer support solutions to industries including finance, healthcare, government, manufacturing, and media. The Santa Clara, California-based company is slated to announce its fiscal Q2 2026 results after the market closes on Tuesday, Aug. 4. Ahead of this event, analysts expect ANET to report an adjusted EPS of $0.79, a 17.9% increase from $0.67 in the year-ago quarter. It has exceeded Wall Street's earnings expectations in the past four quarters. Elon Musk Dubs Him ‘Scam Altman’ Not Sam — Then Altman Clapped Back: ‘Homeboy You’re The One Selling Space Datacenters’ Oracle Stock Crashes to a 52-Week Low. Here’s Why It Might Be Time to Buy. Short Seller Hunterbrook Attacked Bloom Energy’s Supply-Chain Claims. BE Stock Is Bruised, But Not Broken. Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For fiscal 2026, analysts project the cloud networking company to report adjusted EPS of $3.27, a growth of 20.7% from $2.71 in fiscal 2025. Moreover, adjusted EPS is anticipated to rise 21.4% year-over-year to $3.97 in fiscal 2027. Shares of Arista Networks have climbed 68.5% over the past 52 weeks, outpacing the broader S&P 500 Index's ($SPX) 20.3% return and the State Street Technology Select Sector SPDR ETF's (XLK) 43.7% surge over the same period. Despite reporting better-than-expected Q1 2026 revenue of $2.71 billion and EPS of $0.87 on May 5, shares of Arista Networks tumbled 13.6% the next day as investors focused on worsening supply constraints and delayed revenue recognition. The company said wafer fab shortages, semiconductor supply de-commits, and extended lead times beyond 52 weeks were limiting its ability to meet strong AI-driven demand, while deferred product revenue jumped by approximately $643 million to $3.63 billion in the quarter. Although Arista raised its full-year 2026 revenue growth forecast to 27.7%, concerns that supply bottlenecks could delay AI-r...

Announces participation in upcoming investor events SANTA CLARA, Calif., July 07, 2026--(BUSINESS WIRE)--Arista Networks, Inc. (NYSE: ANET) will release its financial results for the quarter ended June 30th, 2026, after U.S. markets close on Tuesday, August 4th, 2026. The results will be included in a press release, along with accompanying financial information, and will be posted on the Investor Relations section of the Arista website at https://investors.arista.com. Arista’s executive management team will host a conference call on August 4th, beginning at 1:30 PM PT (4:30 PM ET) to discuss financial results and business highlights. Interested parties may access the call by dialing (888) 330-2502 in the United States or +1 (240) 789-2713 from international locations. The Conference ID is 5655862. Please dial in ten minutes before the scheduled conference call time. In addition, a live webcast of the conference call will be accessible from the Investor Relations section of the Arista website at https://investors.arista.com. Shortly after the conference call concludes, a replay of the audio webcast will be available on Arista’s Investor Relations website. Upcoming Investor Event Participation Arista announces it will participate in the following event(s) with the financial community: 6th Annual Rosenblatt Age of AI Technology SummitChantelle Breithaupt, Chief Financial OfficerBrendan Gibbs, Area Vice President of Product Line ManagementTuesday, August 18, 2026Time: 3:00 PM - 3:45 PM ET on Arista Networks website at https://investors.arista.com Goldman Sachs Communacopia + Technology Conference 2026Ken Duda, President and CTOChantelle Breithaupt, Chief Financial OfficerTuesday, September 8, 2026Time: 11:50 AM - 12:35 PM ET on Arista Networks website at https://investors.arista.com Citi's 2026 Global TMT ConferenceChantelle Breithaupt, Chief Financial OfficerTyson Lamoreaux, Senior Vice President, Cloud and AI NetworkingThursday, September 10, 2026Time: 1:15 PM – 1:50 PM ET on Arista Networks website at https://investors.arista.com A live audio webcast of these events will be accessible from the Investor Relations section of the Arista website at https://investors.arista.com. About Arista Networks Arista Networks is an industry leader in data-driven, client-to-cloud networking for large data center/AI, campus, and routing environments. Arista’s award-winning pl...

Ciena Corporation CIEN stock has declined approximately 13% since its second-quarter fiscal 2026 results were reported on June 4, 2026. Shares of the company have declined 19.7% in the past month, underperforming the Zacks Computer & Technology sector and the Zacks Communication - Components industry, which decreased 0.2% and 14.9%, respectively. The S&P 500 composite is down 0.6% over the same time frame. The company’s shares have surged 38.4% in the past three months. CIEN has outperformed its peers, Corning Incorporated GLW and Arista Networks, Inc. ANET but underperformed Cisco Systems, Inc. CSCO. GLW and ANET have climbed 37.9% and 12%, respectively, while CSCO has gained 60.7% in the past three months. Image Source: Zacks Investment Research Investors may wonder whether CIEN has further downside risk or if its underlying fundamentals can help stabilize the stock. Let’s examine the company’s strengths, operational challenges and growth outlook to determine the best course of action. Ciena reported fiscal second-quarter 2026 adjusted earnings of $1.64 per share, surpassing the Zacks Consensus Estimate of $1.46. The bottom line soared 290% year over year, driven by accelerating AI-led network investments. Quarterly revenues increased 39.5% from the year-ago quarter to $1.57 billion, topping the consensus estimate of $1.50 billion, supported by record sales, robust cloud demand and strong adoption of optical networking solutions. Management expects fiscal third-quarter 2026 revenues of $1.625 billion (+/-$50 million). The company also raised its fiscal 2026 revenue guidance to $6.3 billion (+/-$100 million), implying approximately 32% year-over-year growth at the midpoint. Management attributed the improved outlook to continued AI infrastructure investments and sustained demand for its optical networking solutions. Image Source: Zacks Investment Research Ciena is benefiting from AI-led demand across cloud and service providers, its technology leadership, deep customer relationships and a broad portfolio spanning systems, interconnects, software and services. The company’s revenues grew in the second quarter, its adjusted gross margin expanded and adjusted earnings per share nearly quadrupled. Management stated that a strong and growing backlog, together with its leading technology portfolio, provides strong visibility and positions the company to capture l...

A month has gone by since the last earnings report for Arista Networks (ANET). Shares have added about 18.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Arista Networks due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent catalysts for Arista Networks, Inc. before we dive into how investors and analysts have reacted as of late. Arista Q1 Earnings Top Estimates on Healthy Y/Y Revenue Growth Arista reported strong first-quarter 2026 results with both adjusted earnings and revenues beating the Zacks Consensus Estimate.The company posted a solid 35.1% year-over-year increase in revenues, driven by higher demand for artificial intelligence (AI) infrastructure, growth in high-speed networking, expansion in enterprise and data center markets, and continued product innovation. Net Income GAAP net income in the reported quarter increased to $1.02 billion or 80 cents per share from $813.8 million or 64 cents per share in the year-ago quarter, driven by higher revenues.On a non-GAAP basis, net income was $1.11 billion or 87 cents per share compared with $845.9 million or 66 cents per share in the year-earlier quarter. The bottom line beat the Zacks Consensus Estimate by 6 cents. Revenues Quarterly revenues increased to $2.71 billion from $2 billion in the prior-year quarter, mainly due to solid growth in both Product and Service segments. The top line beat the consensus estimate of $2.62 billion.Net quarterly sales from Products totaled $2.31 billion compared with $1.69 billion in the year-ago quarter, driven by strong demand for high-speed cloud and AI networking solutions and customer wins across enterprise and service provider markets. Service revenues increased to $397.7 million from $312.3 million, supported by increased adoption of support contracts, software subscriptions and maintenance services. Other Details Non-GAAP gross profit rose to $1.69 billion from $1.28 billion for respective margins of 62.4% and 64.1%. Total operating expenses were $519 million, up from $417.3 million in the year-ago quarter. Research & development costs rose to $343.7 million from $266.4 million. Sales and marketing expenses also increased to $141.6 million from $116.6 million. Non-GAAP operating income for the quar...

Arista Networks (NYSE: ANET) reported its first-quarter earnings on May 5, and its stock price dropped by more than 10% the following day. However, after shedding some more value in the weeks since, the artificial intelligence (AI) stock is starting to make a comeback. Is this a good buy-the-dip opportunity, or was the stock's drop warranted? Here's what investors should know. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » Arista Networks delivered solid results for Q1, but they didn't meet the lofty expectations some investors had. On the surface, the numbers were very good. Revenue increased by 35.1% year over year, while net income was up by 25.7%. The stock now trades at a P/E ratio of about 54, which is historically high for the company, but not unprecedented. Investors may have been concerned by a slight contraction in the company's net profit margin, from 40.6% in the prior-year period to 37.8% this time, but a 37.8% net profit margin is still superb. The company delivers client-to-cloud networking solutions for AI infrastructure, which puts it in the right place at the right time. Arista Networks also achieved 8.9% sequential revenue growth, and its guidance for Q2 revenue of $2.8 billion implies 3.4% sequential growth. Sequential growth has been a key driver pushing AI stocks higher, and Arista Networks checks that box, albeit barely. However, it's not going to post the high sequential growth rates displayed lately by companies like Micron and Sandisk. Although Arista Networks demonstrated it can still strengthen its fundamentals, investors may want to look elsewhere for growth opportunities. Management's Q2 guidance points to 27% year-over-year revenue growth, but the stock's high P/E ratio can't be overlooked. It's a little elevated compared to the company's historical norms. The valuation isn't terrible, but it's the type that only attracts growth investors. So value investors will sit on the sidelines for this one. Yet growth-oriented investors who want AI stocks can simply find better options. The true tell is that Arista Networks' Q1 earnings release didn't offer groundbreaking commentary. For instance, CEO Jayshree Ullal...

Ciena Corporation CIEN will report second-quarter fiscal 2026 results on June 4, before market open. The Zacks Consensus Estimate for earnings for the to-be-reported quarter is pegged at $1.46 per share, indicating growth of 247.6% year over year. Analysts have revised their estimates upward for CIEN’s bottom line over the past 60 days. Image Source: Zacks Investment Research The consensus estimate for total revenues is pinned at $1.50 billion, implying an increase of 33.6% year over year. For the second quarter of fiscal 2026, management expects revenues of $1.5 billion (+/-$50 million). Our proven model predicts an earnings beat for CIEN this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. CIEN has an Earnings ESP of +0.99% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here. Ciena is benefiting from exceptionally strong demand for high-speed connectivity solutions as AI-driven network traffic continues to accelerate across hyperscalers, cloud providers and service providers. The company reported record first-quarter fiscal 2026 revenue of $1.43 billion, supported by robust order activity and growing investments in optical networking infrastructure. On the last earnings call, management stated that AI training and inference workloads are creating multiple growth opportunities across both wide-area networks and data center environments. Strong demand for data center interconnect (DCI), managed optical fiber networks (MOFN), coherent optical systems, routing, switching and interconnect solutions is helping drive growth. Ciena also continues to gain traction with hyperscalers deploying its optical networking solutions for large-scale AI training clusters, while expanding opportunities around data center connectivity, pluggables and its DCOM (Data Center Out-of-Band Management) platform. The company highlighted broad-based demand across service providers, hyperscalers and emerging AI-focused customers. Service providers are increasing investments in optical transport infrastructure to support AI-related traffic growth, while hyperscalers continue to expand network capacity. Ciena's orders in India...

When investors think of artificial intelligence (AI) stocks, Arista Networks (NYSE: ANET) isn't a top-of-mind name. But understandably so. With a much smaller business compared to Nividia's and Alphabet's, it just doesn't garner much attention. The stock hasn't been performing particularly well since October anyway, giving the market even less reason to take notice. Nevertheless, this under-the-radar AI stock is a buy before its next earnings report, due in early August, because of what happened -- or more specifically, what didn't happen -- following the release of its first-quarter results in early May. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » No, the stock didn't experience a post-earnings surge early last month. Quite the opposite, actually. It fell (sharply) despite topping its first-quarter earnings and revenue estimates in addition to raising its Q2 2026 revenue guidance. As it turns out, Arista didn't raise its guidance as much as investors and analysts were tacitly expecting it to. Those lofty expectations were already priced in, it seems. That's a mistake that isn't apt to happen again. But first things first. What's Arista Networks, and what makes it an artificial intelligence stock? It's mostly a networking outfit. Routers, cables, and the specialty software meant to get the maximum performance out of its hardware are all in its wheelhouse. As it turns out, this is artificial intelligence's biggest data bottleneck right now. Offering real solutions to this problem is why Arista's first-quarter revenue grew to the tune of 35% year over year, extending and accelerating last year's growth trend. The company's management team committed the cardinal sin no technology name can afford to commit at this time, but they candidly acknowledged that demand for Arista's technology is outpacing the supply of the components and materials it needs to manufacture its solutions, so much so that it's ultimately crimping profit margins as a result. Specifically, Arista is now looking for full-year operating margins of only 46%, down slightly from last year's average of just above 48%. Investors simply panicked in response to the unexpected...

While artificial intelligence (AI) has been the driving force behind the current bull market, AI stocks have diverged this year. Not every AI-related company is seeing its stock climb in 2026. A combination of high market expectations and a consideration of longer-term impacts of AI has weighed on many companies' share prices. One AI stock saw its price tumble after the company reported first-quarter earnings, and not because its financial results were disappointing. Rather, management's relatively rosy outlook wasn't rosy enough for investors. Arista Networks (NYSE: ANET) saw its stock price tumble by a double-digit percentage after its report. But that could be an incredible buying opportunity for long-term investors. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The biggest challenge facing Arista Networks right now is its supply chain. It's unable to secure the chips and other components it needs for its high-end networking equipment used in AI data centers. That's put pressure on its gross margin, which management expects to persist for the time being. It also means that supply can't keep up with demand. But because Arista's customer base is highly concentrated, it can't exercise significant pricing power to boost revenue. All this is weighing on the stock, as investors were disappointed with management's full-year outlook following its first-quarter report. Management is typically very conservative at the start of the year, raising its guidance throughout the year. In its first-quarter earnings release, management raised its full-year revenue guidance by a mere $250 million, tied to AI-related revenue. It now expects sales of $11.5 billion in 2026, up 28% year over year, with $3.5 billion coming from artificial intelligence products. But Arista maintains its prominent position as the best-in-class solution for high-speed networking. Its advantage stems from its willingness to use the best components from other companies and package them with its software platform, Extensible Operating System, which provides customers with a unified interface for leading-edge hardware. There's a huge, growing demand for that solution, and while it shows up somewhat in Arista's top line, it's made it...

By Suzanne McGee and Akash Sriram PROVIDENCE, Rhode Island, May 15 (Reuters) - Institutional investors took new positions in semiconductor stocks ranging from Intel to Micron during the first quarter of the year, positioning them to profit from a red-hot rally that extended into the second quarter, according to a ‌Reuters overview of filings from some 6,600 hedge funds, pension funds, college funds and others with the U.S. Securities and Exchange Commission. Nearly 5,000 of all those ‌investors that had filed their quarterly 13-F filings by late afternoon Friday reported they were buyers of one or more of 17 semiconductor firms tracked by Reuters. One of the most aggressively purchased chipmakers was Micron, whose stock has soared 154% so far this year as demand has boomed for memory chips amidst the AI buildout. A total of 2,440 institutions reported taking new positions in Micron, including Rockefeller Capital Management and Schroder Investment Management. On Micron's heels was Intel, a turnaround story whose stock has boomed 195% year to date. Tiger Global Management disclosed that it initiated a position in Intel in the first quarter, along with Neuberger Berman and MetLife Asset Management. These filings with the SEC offer a glimpse into the portfolios of large institutional investors, from hedge ‌funds to pension funds and endowments. Major institutional investors must ⁠report any changes made to their portfolio and its composition to the SEC within 45 days of the end of each calendar quarter. The data obtained by Reuters from the SEC's database reflect those firms that had submitted their filings as of late afternoon on ⁠Friday. The data does not capture changes to their portfolios they may have made since March 31. Northern Trust emerged as a big investor across the semiconductor space, initiating new positions in Intel and Micron as well as Seagate Technology and Western Digital during the first quarter. Those stocks have soared 188% and 179%, respectively, so far this year.. AI INFRASTRUCTURE Institutions also were eager buyers of other stocks whose fate is closely linked to the rollout and adoption of AI during the first three months of the year. More than 4,000 of them added ‌to their existing holdings or initiated new positions in a group of nine companies that are big players in the AI infrastructure arena, including Oracle, Arista Networks and...

Cisco Systems (NASDAQ:CSCO), a networking and communication technology solutions provider, closed Thursday at $115.53, up 13.41%. The stock is rallying after a blowout fiscal Q3 report, raised guidance, and AI‑driven orders. Investors are watching how sustained AI infrastructure demand supports future growth and margins. Trading volume reached 68.4 million shares, coming in about 189% higher than its three-month average of 23.7 million shares. Cisco Systems IPO'd in 1990 and has grown 149,438% since going public. The S&P 500 (SNPINDEX:^GSPC) added 0.77% to finish Thursday at 7,501, while the Nasdaq Composite (NASDAQINDEX:^IXIC) advanced 0.88% to close at 26,635. Within communication equipment, peer Arista Networks (NYSE:ANET) closed at $147.78, rising 5.04% as networking names react to stronger AI and data center spending signals. Cisco reported record revenue in its fiscal Q3 results last night, and investors see more to come. AI-related orders surged helping to support the AI networking narrative that has helped drive Cisco stock up 40% in the last month alone. Cisco said it has received $5.3 billion in AI-related orders year to date to help large tech companies connect and secure AI infrastructure at data centers. Management is also restructuring to direct more spending toward high growth segments like AI. It will reduce its workforce by about 4,000 jobs, or about 5% of its staff, in the process. The report strongly reinforced the AI networking narrative that has investors jumping back into Cisco Systems stock. Before you buy stock in Cisco Systems, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Cisco Systems wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $472,205!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,384,459!* Now, it’s worth noting Stock Advisor’s total average return is 999% — a market-crushing outperformance compared to 208% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual invest...

The stock market hit fresh highs as crude oil prices tumbled below $100 on Iran hopes. Earnings were mostly strong, though there were big losers too

MACOM Technology Solutions Holdings, Inc. MTSI reported second-quarter fiscal 2026 earnings of $1.09 per share, which beat the Zacks Consensus Estimate of $1.07. The bottom line grew 28.2% year over year. MACOM Technology’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 1.8%. MTSI posted revenues of $289 million in the second quarter of fiscal 2026, surpassing the Zacks Consensus Estimate by 1.4%. The top line increased 22.5% year over year. MACOM Technology Solutions Holdings, Inc. price-consensus-eps-surprise-chart | MACOM Technology Solutions Holdings, Inc. Quote For the second quarter of fiscal 2026, MACOM’s adjusted gross margin was 58.5% compared with 57.5% in the prior-year quarter. Adjusted operating income came in at $80.5 million, up from $59.8 million reported in the year-ago period. As a percentage of revenues, the adjusted operating income came in at 27.8%, up 240 basis points from the year-ago quarter. Non-GAAP operating expenses were $88.6 million, up 16.8% year over year. As a percentage of revenues, non-GAAP operating expenses came in at 30.7%, contracting 140 basis points from the prior-year period. As of April 3, 2026, cash equivalents and short-term investments totaled $664.9 million, down from $768.5 million in the prior quarter. Long-term debt was $340.2 million compared with $339.9 million in the previous quarter. For the second quarter of fiscal 2026, MTSI’s net cash flows from operating activities came in at $78.7 million. In the first half of fiscal 2026, MTSI’s operating cash flow totaled $121.6 million. For the third quarter of fiscal 2026, MACOM Technology expects revenues between $331 million and $339 million. The Zacks Consensus Estimate for third-quarter fiscal 2026 revenues is pegged at $297.3 million, indicating year-over-year growth of 17.9%. The company anticipates adjusted earnings per share between $1.31 and $1.37. The Zacks Consensus Estimate for earnings is pinned at $1.12 per share, indicating growth of 24.4% year over year. Currently, MTSI carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer and Technology sector are Arista Networks ANET, Advanced Energy AEIS and Amphenol APH, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Shares of Arista N...