Arista Networks (NASDAQ:ANET) is an up and coming tech stock leading the charge in the networking space. Its innovations in cloud networking have put it ahead of the competition in an otherwise crowded market. The company recently reported its first-ever profitable quarter and is expected to continue its current momentum in the coming quarters.
Arista Networks provides networking solutions for businesses, built on its own software-defined networking (SDN) technology. It is the only SDN provider with native cloud management capabilities and advanced analytics and automation. By streamlining its offering, Arista has become an industry leader in cloud networking.
Arista’s technology helps businesses automate and manage their networks more efficiently. This has led to lower operational costs and improved network performance. In addition, Arista Networks’ products are making it easier for enterprises to move applications to the cloud and leverage cloud-based services. This means that businesses can benefit from the improved affordability and scalability that cloud computing provides.
The company’s stock has surged in the last few months as its profits have come into the forefront of investors’ attention. In the second quarter of 2018, Arista reported $21.9 million in net income, in contrast to losses in previous quarters. This has led to Wall Street’s optimism, and the stock is now trading at $229 per share. That’s a 27% increase since the start of the year.
With its attractive technology and impressive financials, Arista looks well-positioned to continue growing in the future. There is still room for the stock to climb, and investors should keep an eye on Arista Networks, as it is rapidly becoming one of the top tech stocks of 2018.