Arista Networks Is Back On Its Feet, But Recovery Has Already Been Priced Into The Stock

Though most technology companies benefited tremendously from pandemic-related tailwinds and increased internet usage in 2020, Arista’s (ANET) 2020 was a completely different story. Frozen investment cycles, paused IT budgets and a re-prioritization of IT departments to focus primarily on enabling remote work hurt sales of Arista hardware dramatically last year. But in Arista’s most recent fourth quarter, we can begin to see the light at the end of the tunnel, with the company returning to growth…

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