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Arista

News

Reuters - 2 weeks ago

Broadcom shares slump as revenue target fails to impress investors counting on AI boost

UPDATE 2-Broadcom shares slump as revenue target fails to impress investors counting on AI boost Updates shares in paragraph 1, market value in paragraph 6, adds graphic, net loss in paragraph 16 By Akash Sriram and Arsheeya Bajwa Sept 6 (Reuters) - Broadcom's shares AVGO.O c losed down 10% on Friday after the chipmaker's tepid revenue forecast spooked investors betting on robust demand for AI chips to drive strong growth.
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Reuters - 2 weeks ago

Broadcom shares slump as revenue target disappoints investors hoping for big AI boost

Broadcom shares slump as revenue target disappoints investors hoping for big AI boost Sept 6 (Reuters) - Broadcom's shares AVGO.O slid about 9% in premarket trading on Friday, after the chipmaker's revenue forecast spooked investors betting on robust demand for AI chips to drive strong growth. The chip major posted big declines in revenues from its broadband and non-AI networking divisions on Thursday, offsetting a hike in its forecast for AI chip sales.
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Reuters - 3 weeks ago

Apple rises as Citi picks iPhone maker as top AI play, above Nvidia

BUZZ-Apple rises as Citi picks iPhone maker as top AI play, above Nvidia ** Apple AAPL.O shares rise 1.5% to $229.92 premarket ** Citi selects AAPL as top AI pick, above chip giant Nvidia NVDA.O and cloud networking provider Arista Networks ANET.N ** AI is a compelling upgrade for iPhone refresh next year, brokerage says ** Apple is in the best position to take AI phone adoption to mass market, given its leading position in the premium smartphone market and seamless integration of software and h
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Reuters - 4 weeks ago

S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT

BUZZ - S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT S&P 500 .SPX Top Performers Percent Change EQT Corp EQT.N +4.1% Match Group Inc MTCH.OQ +3.7% Darden Restaurants Inc DRI.N +3.6% Albemarle Corp ALB.N +3.4% Advanced Micro Devices Inc AMD.OQ +3.1% Bottom Performers Percent Change HP Inc HPQ.N -3.5% Domino's Pizza Inc DPZ.N -2.8%
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Reuters - 2 months ago

U.S. CH Robinson Worldwide, Dayforce, Entegris

U.S. RESEARCH ROUNDUP-CH Robinson Worldwide, Dayforce, Entegris Aug 1 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including CH Robinson Worldwide, Dayforce and Entegris, on Thursday. HIGHLIGHTS * CH Robinson Worldwide Inc CHRW.O : JP Morgan raises to overweight from neutral * Dayforce Inc DAY.N : Piper Sandler raises to overweight from neutral * Entegris Inc ENTG.O : Seaport Research Partners raises to buy from neutral * M
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Reuters - 2 months ago

U.S. STOCKS Kraft Heinz, Marriott, Mastercard

BUZZ-U.S. STOCKS ON THE MOVE-Kraft Heinz, Marriott, Mastercard Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq and the S&P 500 jumped around 2% on Wednesday, as investors hoped for hints from the Federal Reserve on the timing of rate cuts, a bullish forecast from AMD boosted chip stocks and Microsoft slipped after a higher spending forecast.
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Reuters - 2 months ago

Arista Networks up as brokerages raise PT after Q3 revenue forecast

BUZZ-Arista Networks up as brokerages raise PT after Q3 revenue forecast ** Shares of cloud networking provider Arista Networks ANET.N jumps nearly 9% to $339.17 ** Several brokerages including Deutsche Bank and Barclays raise PT ** Deutsche Bank raises PT to $350 from $295; Barclays raises PT to $341 from $320 ** Co in after-market hours on Tuesda
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Reuters - 2 months ago

U.S. Booking Holdings, Doordash, Vertex Pharmaceuticals (Aug. 5)

CORRECTED-U.S. RESEARCH ROUNDUP-Booking Holdings, Doordash, Vertex Pharmaceuticals (Aug. 5) Corrects U.S. research roundup dated Aug. 5 to remove dated research actions from headline and tables, the errors appeared in previous versions also Aug 5 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Booking Holdings, Doordash and Vertex Pharmaceuticals, on Monday.
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Reuters - 2 months ago

Arista Networks forecasts quarterly revenue above estimates on AI boom

Arista Networks forecasts quarterly revenue above estimates on AI boom July 30 (Reuters) - Arista Networks ANET.N forecast third-quarter revenue above Wall Street estimates on Tuesday, anticipating strong demand for its networking gear from cloud computing companies and artificial intelligence applications. The upbeat forecast highlights Arista's role in the sector, which has largely benefited from strong demand from cloud computing firms — some of the largest beneficiaries of the AI boom.
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Reuters - 2 months ago

Arista Networks Q2 Adjusted EPS USD 2.1 Vs. IBES Estimate USD 1.95

BRIEF-Arista Networks Q2 Adjusted EPS USD 2.1 Vs. IBES Estimate USD 1.95 Jul 30 (Reuters) - Arista Networks Q2 gross margin 64.9%. Q2 adjusted gross margin 65.4% Q2 revenue USD 1,690 million vs. IBES estimate USD 1,652 million Q2 EPS USD 2.08 Q2 adjusted net income USD 672.6 million vs. IBES estimate USD 623.6 million Q2 net income USD 665.4 millio
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Reuters - 2 months ago

Microsoft and job openings to hit pre-Fed vigil

MORNING BID AMERICAS-Microsoft and job openings to hit pre-Fed vigil A look at the day ahead in U.S. and global markets from Mike Dolan To the extent that worries about pricey tech stocks and rising AI capex spending were partly behind last week's market shakeout, Microsoft's quarterly update should prove a key moment later on Tuesday, just as the Federal Reserve's latest policy meeting gets under way.
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Reuters - 2 months ago

Arista Networks Inc <ANET.N> expected to post earnings of $1.95 a share - Earnings Preview

Arista Networks Inc expected to post earnings of $1.95 a share - Earnings Preview Arista Networks Inc ANET.N , ANET.K is expected to show a rise in quarterly revenue when it reports results on July 30 for the period ending June 30 2024 The Santa Clara California-based company is expected to report a 13.2% increase in revenue to $1.651 billion from $1.46 billion a year ago, according to the mean estimate from 17 analysts, based on LSEG data.The company's guidance on May 7 2024, for the period end
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Reuters - 2 months ago

U.S. Armada Hoffler Properties, Morphic Holding, Solid Biosciences

U.S. RESEARCH ROUNDUP-Armada Hoffler Properties, Morphic Holding, Solid Biosciences July 15 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Armada Hoffler Properties, Morphic Holding and Solid Biosciences, on Monday. HIGHLIGHTS * Armada Hoffler Properties Inc AHH.N : Jefferies cuts to hold from buy * Morphic Holding Inc MORF.O : Jefferies cuts to hold from buy * Solid Biosciences Inc SLDB.O : JP Morgan raises to over
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Reuters - 3 months ago

S&P 500 top and bottom performing stocks at about 03:30 p.m. EDT

BUZZ - S&P 500 top and bottom performing stocks at about 03:30 p.m. EDT S&P 500 .SPX Top Performers Percent Change Super Micro Computer Inc SMCI.OQ +6.7% Palo Alto Networks Inc PANW.OQ +5.6% Arista Networks Inc ANET.N +4.2% Salesforce Inc CRM.N +4.1% McCormick & Company Inc MKC.N +3.7% Bottom Performers Percent Change Walgreens Boots Alliance Inc W
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Reuters - 3 months ago

Arista Networks hits record high after Citi hikes price target

BUZZ-Arista Networks hits record high after Citi hikes price target ** Shares of cloud networking provider Arista Networks ANET.N rise 4% on Thur, hitting record high after Citi analysts raised their price target ** ANET is "well positioned" to benefit in Ethernet space as InfiniBand and Ethernet vie for dominance in the AI networking tech market,
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Reuters - 3 months ago

U.S. Carnival, FedEx, Micron Technology

U.S. RESEARCH ROUNDUP-Carnival, FedEx, Micron Technology June 27 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Carnival, FedEx and Micron Technology, on Thursday. HIGHLIGHTS * Carnival Corp CCL.N : Macquarie raises target price to $25 from $24 * FedEx Corp FDX.N : Daiwa Capital Markets raises target price to $318 from $296 * Micron Technology Inc MU.O : JP Morgan raises target price to $180 from $130 * Unifirst Cor
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Reuters - 3 months ago

U.S. Citigroup, Nike, Tesla

U.S. RESEARCH ROUNDUP-Citigroup, Nike, Tesla June 20 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Citigroup, Nike and Tesla, on Thursday. HIGHLIGHTS * Bread Financial Holdings Inc BFH.N : Evercore ISI raises to in line from underperform * Citigroup C.N : KBW raises target price to $69 from $66 * Lennar Corp LEN.N : Evercore ISI cuts target price to $237 from $238 * Nike Inc NKE.N : Barclays cuts target price to $1
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