Posted 11/26/2023, 2:50:39 PM
Arista Networks Stock Surges on Strong Earnings Growth, But Questions Remain About Sustainability
- Arista Networks (ANET) has seen strong stock growth over the past month, up 24%
- The company has a high return on equity (ROE) of 29%, showing it efficiently generates profits
- ANET's earnings growth over the past 5 years has been an impressive 27%, likely driven by reinvesting profits
- Earnings are forecast to continue growing at almost 10% per year going forward
- There is a risk of the high level of non-cash earnings for the company