By Mill Chart
Last update: Oct 6, 2023
For growth-minded investors, high revenue and EPS growth are key criteria. Today, we'll examine whether ARISTA NETWORKS INC (NYSE:ANET) fits the bill for growth investing, particularly as it forms a base and hints at a potential breakout. Remember, due diligence is essential, but ARISTA NETWORKS INC has caught our attention on our screen for growth with base formation. It may warrant additional investigation.
ChartMill assigns a Growth Rating to every stock. This score ranges from 0 to 10 and evaluates the different growth aspects like EPS and Revenue, both in the past as in the future. NYSE:ANET scores a 8 out of 10:
Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:ANET has achieved a 9 out of 10:
ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NYSE:ANET, the assigned 9 is noteworthy for profitability:
Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:ANET currently holds a 8 as its setup rating, suggesting a particular level of consolidation in the stock.
ANET has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 185.33, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.
For an up to date full fundamental analysis you can check the fundamental report of ANET
Check the latest full technical report of ANET for a complete technical analysis.
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
ARISTA NETWORKS INC
NYSE:ANET (4/26/2024, 7:04:00 PM)
After market: 265 +0.3 (+0.11%)264.7
-0.06 (-0.02%)
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