Actionable news
0
All posts from Actionable news
Actionable news in CSCO: Cisco Systems, Inc.,

3 Networking Stocks to Buy That Could Post Big Earnings Soon

As the demand for more and more mobile data grows, the corresponding demand for networking gear is accelerating at a rapid pace. With some of the biggest names in the industry ready to report as early as Thursday after the close, it may be time for aggressive traders to look at top stocks in the sector.

In a new research note, while SunTrust Robinson Humphrey concedes that the macro environment is somewhat uncertain, litigation overhang remains for one company and currency headwinds still have an impact on earnings, three top companies in the sector are outstanding buys now. All three are rated Buy at SunTrust.

Arista Networks

This company went public in the summer of 2014 and has continued to be one of the hot tech IPO stories of the past year. Arista Networks Inc. (NYSE: ANET) delivers software-driven cloud networking solutions for large data center and computing environments. The company will report after the markets close Thursday.

The company’s 10/40/100 gigabit Ethernet switches offer scalability and performance, and they have over 2,700 customers and more than 2 million cloud networking ports deployed worldwide. At the core of Arista’s platform is EOS, an advanced network operating system. Arista Networks products are available worldwide through distribution partners, systems integrators and resellers.

ALSO READ: 4 Safe Blue Chip Dividends to Buy, Even If the Market Has Topped

Many on Wall Street think the company could benefit from dual supplier requirements at the Web 2.0 and cloud portals, and that Arista could see upside to the lofty 30% compound annual growth rate currently forecast. Some also see the stock benefiting as a networking vendor that is leveraged to data center deployments. SunTrust reminds investors of the patent lawsuit filed by Cisco and an expected preliminary determination...


More