Best Construction Material Companies For 2017: Arista Networks, Inc.(ANET)
Advisors' Opinion:- [By Lisa Levin]
Arista Networks Inc (NYSE: ANET) shares shot up 11 percent to $64.37 after the company reported upbeat results for its fourth quarter.
Shares of The Chefs Warehouse, Inc (NASDAQ: CHEF) got a boost, shooting up 18 percent to $18.36 on Q4 results. Chefs' Warehouse reported Q4 modified pro forma earnings of $0.26 per share on revenue of $299.7 million.
- [By Simon Erickson]
Arista Networks (NYSE:ANET) founder/Chairman Andy Bechtolsheim became a Silicon Valley legend after being one of the first investors in the company now called Alphabet (NASDAQ:GOOGL), cutting the company a $100,000 check in 1998 before it had even formally selected a name (he confirmed this investment has personally netted him more than $1 billion).
Arista's customer count has increased sixfold during the past four years (from 570 in 2011 to more than 3,500 today) and their market share in high-speed data center switching has increased from 3% to 12% during the same time frame. Bechtolsheim owns 19% of Arista's shares, with insiders collectively owning more than 44%. Due to massive amounts of data being transferred across the Internet (thanks to high-definition video, genomic sequencing, and a ton of other formats), investment in cloud-computing infrastructure is estimated to grow from $32.6 billion in 2015 to $53.1 billion by 2019.
- [By Monica Gerson]
Arista Networks Inc (NYSE: ANET) reported upbeat results for the first quarter and issued a strong revenue forecast for the current quarter. Arista Networks shares gained 3.84 percent to $66.02 in the after-hours trading session.
source from Top Stocks For 2015:http://www.topstocksblog.com/best-construction-material-companies-for-2017.html
