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Seasonal Start
Economic Data
Arista Networks, Inc. (NYSE:ANET) Seasonal Chart
Seasonal Chart Analysis
Analysis of the Arista Networks, Inc. (NYSE:ANET) seasonal charts above shows that a Buy Date of November 2 and a Sell Date of March 31 has resulted in a geometric average return of 16.14% above the benchmark rate of the S&P 500 Total Return Index over the past 8 years. This seasonal timeframe has shown positive results compared to the benchmark in 7 of those periods. This is a very good rate of success, but the return underperforms the relative buy-and-hold performance of the stock over the past 8 years by an average of 1.18% per year.
The seasonal timeframe is Inline with the period of seasonal strength for the Technology sector, which runs from October 9 to February 15. The seasonal chart for the broad sector is available via the following link: Technology Sector Seasonal Chart.
A word of caution: Only 8 years of data is available for shares of ANET, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.
Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.
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Stocks mentioned in this post: ANET
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