The stock market ended a holiday-shortened Friday session mixed. S&P 500 was flat at 4,026, while NASDAQ declined 0.5% to 11,226.
Tweet of the Day
This week in enterprise software: Top 10 #SaaS #Cloud multiples as of today's market close pic.twitter.com/8wJD0V7X51
— Jamin Ball (@jaminball) November 25, 2022
Chart of the Day
Our chart of the day is the one-year chart of Arista Networks (ANET) as of November 16, 2022, when the stock was at $131.
Arista Networks makes network switches that help computer servers communicate in datacenters. It provides Gigabit Ethernet to many companies that run high volume servers that require a lot of bandwidth. Gigabit Ethernet switches are the hardware that connects computer and servers in local networks.
Technology might be in a recession right now, but Arista Networks is thriving as Microsoft and Meta keep buying more. This company is really rolling, with accelerating sales and profit growth in the last four quarters. Management said last qtr was the best ever cloud titan growth since the company’s IPO.
ANET is part of the Growth Stock Portfolio and Aggressive Growth Portfolio. David Sharek’s Fair Value is still a 35 P/E, which gives the stock huge upside for the upcoming year.
