ETFs Last Week: Tech-Fueled Rally Powers Gains During Trade Optimism
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 05 2025
0mins
Should l Buy ANET?
Source: Benzinga
Wall Street Recovery: Wall Street rebounded last week, overcoming losses from the Trump administration's tariff announcement due to positive trade news and strong earnings reports, particularly from tech giants like Microsoft and Apple. The S&P 500 achieved its longest winning streak since May 2024.
ETF Performance Highlights: Several leveraged ETFs saw significant gains, with the Defiance Daily Target 2X Long HIMS ETF leading at a 91.3% increase, driven by interest in telehealth and weight-loss medications. Other notable performers included MAX Airlines 3X Leveraged ETNs and MicroSectors FANG+ 3 Leveraged ETNs, reflecting investor enthusiasm for high-growth sectors.
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Analyst Views on ANET
Wall Street analysts forecast ANET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ANET is 171.42 USD with a low forecast of 140.00 USD and a high forecast of 200.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
13 Buy
2 Hold
0 Sell
Strong Buy
Current: 140.660
Low
140.00
Averages
171.42
High
200.00
Current: 140.660
Low
140.00
Averages
171.42
High
200.00
About ANET
Arista Networks, Inc. is a provider of data-driven, client-to-cloud networking for large artificial intelligence (AI), data center, campus and routing environments. Its platforms deliver availability, agility, automation, analytics, and security through an advanced network operating stack. Its platform is its Extensible Operating System (EOS), a modernized publish-subscribe state-sharing networking operating system. Its portfolio of products, services and technologies is grouped into various categories: Core (Data Center, Cloud and AI Networking), Cognitive Adjacencies (Campus and Routing), and Cognitive Network (Software and Services). It offers product portfolios of data-driven, high-speed, cloud and data center Ethernet switches. Its Cognitive Adjacencies include Cognitive Campus Switching, Cloud-Grade Routing and WAN Routing. Its software and services are based on subscription-based models and include various offerings: CloudVision, Arista A-Care Services, CloudEOS and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Arista Networks Set to Report Strong Q4 Earnings on February 12
- Earnings Expectations Rise: Arista Networks is projected to report earnings of $0.76 per share, reflecting a nearly 17% increase year-over-year, indicating strong performance in the data networking market that is likely to drive stock price appreciation.
- Significant Revenue Growth: The company anticipates fourth-quarter revenue of $2.39 billion, representing a 24% year-over-year increase, showcasing its adaptability in the face of growing demand for artificial intelligence and cloud services.
- Analyst Ratings Optimistic: Wall Street analysts have a consensus rating of Strong Buy for Arista, with Piper Sandler upgrading its rating from Neutral to Overweight and raising the target price from $145 to $159, reflecting confidence in the company's future growth.
- Strong Historical Performance: Over the past two years, Arista has beaten EPS estimates 100% of the time and revenue estimates 88% of the time, demonstrating its stability and execution capabilities in the market.
See More
Tech Earnings Show Diverging Trends Amid Market Volatility
- Cisco's Revenue Decline: Cisco (CSCO) fell over 8% in pre-market trading due to a 4% drop in security segment revenue and tightening operating cash flow, although the CFO indicated plans to enhance profitability through financial discipline, highlighting the challenges and strategic responses the company faces.
- Paycom's Slower Growth: Paycom (PAYC) saw its stock drop more than 9% in pre-market trading after reporting a 10.2% year-over-year revenue gain but providing a slower growth outlook, which may dampen investor confidence and affect market performance.
- Cognex's Strong Surge: Cognex (CGNX) surged nearly 25% in pre-market trading, with the CEO attributing the impressive financial results to advancements in AI-enabled industrial machine vision, reflecting strong market demand and recognition for AI technologies.
- Real Estate Stocks Hit by AI Concerns: Real estate service stocks CBRE and JLL closed 12% lower yesterday amid growing concerns about AI's disruptive potential in the sector, indicating that their high-fee, labor-intensive operating models may face profitability pressures.
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Stock Movers: Cisco, AppLovin, Micron, Fastly, Equinix, Rollins, Novocure, and Others
- Stock Market Trends: Stock futures were rising on Thursday as investors reacted to recent economic data.
- Economic Data Impact: The rise in stock futures comes in the wake of a delayed U.S. monthly jobs report and other economic indicators.
See More
Arista Networks Rated Among Top Communication Equipment Stocks by Hedge Funds
- Price Target Increase: Michael Genovese from Rosenblatt raised Arista Networks' price target from $140 to $165, indicating a 20% upside potential at current levels while maintaining a Neutral rating, reflecting cautious optimism about the stock's future performance.
- Market Opportunity Analysis: Genovese highlighted favorable developments regarding Arista's recent wins and opportunities ahead of the company's fourth-quarter announcement, suggesting the company remains attractive in a competitive market, particularly in data center and AI solutions.
- Synergy with Microsoft: Wells Fargo analyst Aaron Rakers noted that Microsoft's rollout of its second-generation Maia 200 AI chips will reduce dependency on Nvidia, which is seen as a “derivative positive” for Arista Networks, indicating potential in supporting AI workloads.
- Industry Positioning and Challenges: While Arista Networks excels in high-performance networking solutions, analysts suggest that certain AI stocks may offer greater upside potential and lower downside risk, reflecting a diversified view of investment opportunities in the market.
See More
Stocks Close Steady Following Robust Jobs Data
Market Movement: The S&P 500 attempted to reach the 7,000 mark during trading.
End of Day Status: Despite the early gains, the index closed the day at its starting point.
See More
High-Volume Earnings Reports This Week from Tech and Consumer Sectors
- Earnings Schedule: This week features a high volume of earnings reports from technology, consumer discretionary, and energy sectors, with RIVN stock showing notable movement ahead of its earnings release, indicating investor sentiment.
- Monday.com and Pagaya Reports: On Monday, work management SaaS provider Monday.com and fintech company Pagaya released their earnings before the market opened, with expectations that their results will reflect broader industry trends.
- Coinbase Earnings Expectations: On Thursday, Coinbase is expected to report earnings of 68 cents per share and quarterly revenue of $1.86 billion, despite facing a projected 33% drop in transaction revenue, raising investor interest in its growing stablecoin and subscription services.
- Nebius Group Forecast: Also on Thursday, Nebius Group is projected to report a loss of $1.14 per share and revenue of $246.05 million, with analysts expressing caution, reflecting concerns over cloud service demand in the current market environment.
See More
Arista Networks Set to Report Strong Q4 Earnings on February 12
- Earnings Expectations Rise: Arista Networks is projected to report earnings of $0.76 per share, reflecting a nearly 17% increase year-over-year, indicating strong performance in the data networking market that is likely to drive stock price appreciation.
- Significant Revenue Growth: The company anticipates fourth-quarter revenue of $2.39 billion, representing a 24% year-over-year increase, showcasing its adaptability in the face of growing demand for artificial intelligence and cloud services.
- Analyst Ratings Optimistic: Wall Street analysts have a consensus rating of Strong Buy for Arista, with Piper Sandler upgrading its rating from Neutral to Overweight and raising the target price from $145 to $159, reflecting confidence in the company's future growth.
- Strong Historical Performance: Over the past two years, Arista has beaten EPS estimates 100% of the time and revenue estimates 88% of the time, demonstrating its stability and execution capabilities in the market.
See More
Tech Earnings Show Diverging Trends Amid Market Volatility
- Cisco's Revenue Decline: Cisco (CSCO) fell over 8% in pre-market trading due to a 4% drop in security segment revenue and tightening operating cash flow, although the CFO indicated plans to enhance profitability through financial discipline, highlighting the challenges and strategic responses the company faces.
- Paycom's Slower Growth: Paycom (PAYC) saw its stock drop more than 9% in pre-market trading after reporting a 10.2% year-over-year revenue gain but providing a slower growth outlook, which may dampen investor confidence and affect market performance.
- Cognex's Strong Surge: Cognex (CGNX) surged nearly 25% in pre-market trading, with the CEO attributing the impressive financial results to advancements in AI-enabled industrial machine vision, reflecting strong market demand and recognition for AI technologies.
- Real Estate Stocks Hit by AI Concerns: Real estate service stocks CBRE and JLL closed 12% lower yesterday amid growing concerns about AI's disruptive potential in the sector, indicating that their high-fee, labor-intensive operating models may face profitability pressures.
See More
Stock Movers: Cisco, AppLovin, Micron, Fastly, Equinix, Rollins, Novocure, and Others
- Stock Market Trends: Stock futures were rising on Thursday as investors reacted to recent economic data.
- Economic Data Impact: The rise in stock futures comes in the wake of a delayed U.S. monthly jobs report and other economic indicators.
See More
Arista Networks Rated Among Top Communication Equipment Stocks by Hedge Funds
- Price Target Increase: Michael Genovese from Rosenblatt raised Arista Networks' price target from $140 to $165, indicating a 20% upside potential at current levels while maintaining a Neutral rating, reflecting cautious optimism about the stock's future performance.
- Market Opportunity Analysis: Genovese highlighted favorable developments regarding Arista's recent wins and opportunities ahead of the company's fourth-quarter announcement, suggesting the company remains attractive in a competitive market, particularly in data center and AI solutions.
- Synergy with Microsoft: Wells Fargo analyst Aaron Rakers noted that Microsoft's rollout of its second-generation Maia 200 AI chips will reduce dependency on Nvidia, which is seen as a “derivative positive” for Arista Networks, indicating potential in supporting AI workloads.
- Industry Positioning and Challenges: While Arista Networks excels in high-performance networking solutions, analysts suggest that certain AI stocks may offer greater upside potential and lower downside risk, reflecting a diversified view of investment opportunities in the market.
See More
Stocks Close Steady Following Robust Jobs Data
Market Movement: The S&P 500 attempted to reach the 7,000 mark during trading.
End of Day Status: Despite the early gains, the index closed the day at its starting point.
See More
High-Volume Earnings Reports This Week from Tech and Consumer Sectors
- Earnings Schedule: This week features a high volume of earnings reports from technology, consumer discretionary, and energy sectors, with RIVN stock showing notable movement ahead of its earnings release, indicating investor sentiment.
- Monday.com and Pagaya Reports: On Monday, work management SaaS provider Monday.com and fintech company Pagaya released their earnings before the market opened, with expectations that their results will reflect broader industry trends.
- Coinbase Earnings Expectations: On Thursday, Coinbase is expected to report earnings of 68 cents per share and quarterly revenue of $1.86 billion, despite facing a projected 33% drop in transaction revenue, raising investor interest in its growing stablecoin and subscription services.
- Nebius Group Forecast: Also on Thursday, Nebius Group is projected to report a loss of $1.14 per share and revenue of $246.05 million, with analysts expressing caution, reflecting concerns over cloud service demand in the current market environment.
See More
