When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Arista Networks just cleared that benchmark with an upgrade from 80 to 84.
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This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 as they begin their biggest climbs.
The stock, which is on the IBD Big Cap 20 list, is not currently showing a potential buy point. See if the stock goes on to build a promising consolidation that could kick off a new climb.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 25% to 30%. Revenue rose from 25% to 28%. Keep an eye out for the company's next round of numbers on or around Aug. 5.
The company holds the No. 1 rank among its peers in the Computer-Networking industry group. Radware and Extreme Networks are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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