Why Arista Networks Inc. (Anet) soared last week
We recently released a list These 10 companies soared last week, and that's why. In this article, we will explore the stance of Arista Networks Inc. (NYSE:ANET) with other companies that soared last week.
The calmer, often optimistic market conditions over the past week, amid a temporary pause in selling Tit-Tat tariffs, was a series of corporate revenues in the first quarter of the year.
On a week-by-week basis, Nasdaq High Technology has gathered the most, up 3.4%, followed by Dow Jones, which accounted for 3%, and the S&P 500 fell 2.9%.
In addition to the main indexes, 10 companies stood out as revenue exceeds expectations and prospects, with double-digit growth in bookings up to 48%.
In this article, we named the 10 best performing mid-sized companies this week and elaborated on the reasons behind their earnings.
To put this list, we only considered stocks with a market cap of $20 billion and a trading volume of $5 million. Based on the percentage increase in closing price on May 2, these stocks were selected compared to the price a week ago or April 25.
Technicians who manage large computer networks in the server room.
Arista Networks Inc. (NYSE: ANET)
Arista Networks has gained strong investor confidence in its nine consecutive days of earnings over the past two trading weeks.
In the past week alone, Arista Networks Inc. (NYSE:ANET) stock surged 16.8% to close at $91.02 on Friday, while the investment firm’s Bullish Outlooks was behind $77.91 in the $77.91 note on April 25.
For part of it, Morgan Stanley raised its price target for Arista Networks Inc (NYSE:ANET) by 37% to $100, improving its “overweight” rating for the stock from its previous $73.
Meanwhile, Rosenblatt Securities previously upgraded Arista Networks Inc. (NYSE:ANET) from selling, highlighting the latter's potential to withstand macroeconomic slowdowns, while forecasts for 2025 and 2026 appear to be resilient.
Arista Networks Inc. (NYSE: ANET) plans to release results for its first-quarter earnings results on Tuesday, May 6, 2025 after the market ends.
Overall, Anet Ranked eighth On our list of companies that soared last week. Although we acknowledge the potential of ANET as an investment, our belief is that AI stocks have higher returns in a shorter time frame and do this in a shorter time frame. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than Anet but have less than 5 times its earnings, check out our report The cheapest stockk.