1 month ago
During the September 10 episode of Mad Money, a caller inquired about Mad Money host Jim Cramer's confidence that Arista Networks, Inc. (NYSE:ANET) will not go down the same path as Ciena Corporation. He replied:
Okay, so let me just tell you, Arista is up a lot this year. My confidence is with Jayshree Ullall. I think she's amazing and I think it every time the stock has dipped, if you've noticed it. Since her tenure began, you have to buy it, and I'm not backing away from that. I feel the same way I do now, the way I did, oh man, how many years ago when we first met her. She is money, and the company's fantastic.
In its second quarter, the company shattered records by delivering its first-ever $3 billion quarter, reporting $3.036 billion in revenue, a 38% year-over-year and over 12% sequential increase. Management lifted its full-year 2026 revenue guidance to approximately $12.6 billion, representing roughly 40% annual top-line growth. The acceleration is supported by deep integration into cloud architectures, where Arista Networks, Inc. (NYSE:ANET) expects its dedicated AI fabrics revenue to reach at least $3.5 billion in 2026, supported by more than 100 **** ulative Etherlink customers.
Bottom-line performance remains equally strong, with non-GAAP diluted earnings per share reaching $1.02, driven by a 49.9% non-GAAP operating margin and $1.3 billion in non-GAAP quarterly net income. Arista Networks, Inc. (NYSE:ANET) ended the quarter with roughly $13.3 billion in cash and marketable securities, offering substantial liquidity. However, its $9.7 billion of non-cancellable purchase commitments also increase working-capital and inventory risk as the company secures components ahead of expected AI demand.
The company's financial results remain heavily tied to two hyperscale customers. According to its 10-K filings, Microsoft accounted for 26%, and Meta Platforms generated 16% of total revenue in fiscal 2025, bringing combined spending from these two cloud giants to 42%. It leaves Arista Networks, Inc. (NYSE:ANET) vulnerable to sudden capital expenditure adjustments, vendor diversification shifts, or project delays by its core buyers.
#billion #NYSE #year
Okay, so let me just tell you, Arista is up a lot this year. My confidence is with Jayshree Ullall. I think she's amazing and I think it every time the stock has dipped, if you've noticed it. Since her tenure began, you have to buy it, and I'm not backing away from that. I feel the same way I do now, the way I did, oh man, how many years ago when we first met her. She is money, and the company's fantastic.
In its second quarter, the company shattered records by delivering its first-ever $3 billion quarter, reporting $3.036 billion in revenue, a 38% year-over-year and over 12% sequential increase. Management lifted its full-year 2026 revenue guidance to approximately $12.6 billion, representing roughly 40% annual top-line growth. The acceleration is supported by deep integration into cloud architectures, where Arista Networks, Inc. (NYSE:ANET) expects its dedicated AI fabrics revenue to reach at least $3.5 billion in 2026, supported by more than 100 **** ulative Etherlink customers.
Bottom-line performance remains equally strong, with non-GAAP diluted earnings per share reaching $1.02, driven by a 49.9% non-GAAP operating margin and $1.3 billion in non-GAAP quarterly net income. Arista Networks, Inc. (NYSE:ANET) ended the quarter with roughly $13.3 billion in cash and marketable securities, offering substantial liquidity. However, its $9.7 billion of non-cancellable purchase commitments also increase working-capital and inventory risk as the company secures components ahead of expected AI demand.
The company's financial results remain heavily tied to two hyperscale customers. According to its 10-K filings, Microsoft accounted for 26%, and Meta Platforms generated 16% of total revenue in fiscal 2025, bringing combined spending from these two cloud giants to 42%. It leaves Arista Networks, Inc. (NYSE:ANET) vulnerable to sudden capital expenditure adjustments, vendor diversification shifts, or project delays by its core buyers.
#billion #NYSE #year
2 months ago
Young left-arm spinner Shree Charani said India's spin bowlers plan their strategy together before matches and then focus on executing it on the field after Indian spinners helped bowl Pakistan out for 55 in their Women's T20 Asia Cup clash.
Charani returned figures of 3/7, while Prema Rawat took 3/9 and Deepti Sharma claimed 2/5 as India's spinners took control of the match. Pakistan were bowled out for their lowest-ever T20I total of 55 before India chased down the target with 68 ***** to spare and registered a seven-wicket win on Saturday.
India had already secured a semifinal place from Group A before the match. They finished top of the group with six points after winning all three games.
Charani, who dismissed Shawaal Zulfiqar, Gull Feroza and Ayesha Zafar, said the team's spin bowlers discuss their plans before every match and then try to follow them on the field.
"In the meeting, we three sit together... Prema, me, Deepti di and Radha (Yadav) di and we discuss what to do (in the match). So, we just try to implement that here (on the field) whatever Deepti and Radha di say," said Charani.
Pakistan had raced to 27 without loss, but Charani struck twice in the sixth over to leave them at 29/3. They could not recover after that and were eventually bowled out for 55.
The 22-year-old is now one wicket away from completing 50 T20I wickets. She said her approach was to keep things simple and concentrate on getting the basics right.
"It's just about myself. Like I just want to focus on my things... I want to do my things correct," she said.
After looking at the pitch and expecting it to help the spinners, Charani said she focused on bowling at the stumps and allowing the pitch to do the rest.
"I just tried to bowl on the stumps. By seeing the pitch, we know it may turn so I just focused on that."
#t20i
Charani returned figures of 3/7, while Prema Rawat took 3/9 and Deepti Sharma claimed 2/5 as India's spinners took control of the match. Pakistan were bowled out for their lowest-ever T20I total of 55 before India chased down the target with 68 ***** to spare and registered a seven-wicket win on Saturday.
India had already secured a semifinal place from Group A before the match. They finished top of the group with six points after winning all three games.
Charani, who dismissed Shawaal Zulfiqar, Gull Feroza and Ayesha Zafar, said the team's spin bowlers discuss their plans before every match and then try to follow them on the field.
"In the meeting, we three sit together... Prema, me, Deepti di and Radha (Yadav) di and we discuss what to do (in the match). So, we just try to implement that here (on the field) whatever Deepti and Radha di say," said Charani.
Pakistan had raced to 27 without loss, but Charani struck twice in the sixth over to leave them at 29/3. They could not recover after that and were eventually bowled out for 55.
The 22-year-old is now one wicket away from completing 50 T20I wickets. She said her approach was to keep things simple and concentrate on getting the basics right.
"It's just about myself. Like I just want to focus on my things... I want to do my things correct," she said.
After looking at the pitch and expecting it to help the spinners, Charani said she focused on bowling at the stumps and allowing the pitch to do the rest.
"I just tried to bowl on the stumps. By seeing the pitch, we know it may turn so I just focused on that."
#t20i
2 months ago
Smriti Mandhana's record-breaking 124 and a clinical bowling effort helped India crush Hong Kong by 137 runs in their Women's Asia Cup 2026 clash in Dubai. After posting 193/5, India bowled Hong Kong out for just 56 in 16.2 overs to seal a massive win and book their place in the semi-finals.
Hong Kong won the toss and elected to field, but Mandhana quickly put their decision under pressure. The India opener and Shafali Verma gave their side a strong start, with Verma smashing 28 off 17 ***** before departing.
Wickets began to fall regularly after the opening stand, but Mandhana continued to attack from one end. She reached her half-century in 40 ***** before dramatically increasing the tempo, bringing up her century in just 57 deliveries.
Mandhana finished with a sensational 124 off 64 ***** , hitting 14 fours and seven sixes at a strike rate of 193.75. The innings took her to 18 international centuries, moving her past Meg Lanning's tally of 17 and making her the leading century-maker in women's international cricket.
She also broke Chamari Athapaththu's record for the highest individual score in Women's T20 Asia Cup history, surpassing the Sri Lankan's unbeaten 119.
Mandhana's innings eventually ended in the final over when she was run out after a mix-up with Bharti Fulmali. Her dismissal, however, came after she had already powered India to a formidable 193/5.
Hong Kong's chase never got going as India's spin-heavy attack strangled the batting lineup from the beginning. They slipped to 32/3 and struggled to score freely against India's disciplined bowling.
Deepti Sharma led the attack with 3/9 from three overs, removing key batters Natasha Miles and Yasmin Daswani while keeping the scoring rate under control. Prema Rawat, Nandani Sharma and Shree Charani then continued to chip away at the Hong Kong batting order.
Marina Lamplough offered some resistance with 14, but Shree Charani eventually removed her before the lower order folded quickly. Nandani Sharma claimed two wickets, while Prema Rawat finished with two as India's spinners kept the pressure on.
Hong Kong were eventually bowled out for just 56 in 16.2 overs. Shree Charani completed the victory by stumping Shanzeen Shahzad after a sharp piece of work from Richa Ghosh.
#hong #India #sharma #shree
Hong Kong won the toss and elected to field, but Mandhana quickly put their decision under pressure. The India opener and Shafali Verma gave their side a strong start, with Verma smashing 28 off 17 ***** before departing.
Wickets began to fall regularly after the opening stand, but Mandhana continued to attack from one end. She reached her half-century in 40 ***** before dramatically increasing the tempo, bringing up her century in just 57 deliveries.
Mandhana finished with a sensational 124 off 64 ***** , hitting 14 fours and seven sixes at a strike rate of 193.75. The innings took her to 18 international centuries, moving her past Meg Lanning's tally of 17 and making her the leading century-maker in women's international cricket.
She also broke Chamari Athapaththu's record for the highest individual score in Women's T20 Asia Cup history, surpassing the Sri Lankan's unbeaten 119.
Mandhana's innings eventually ended in the final over when she was run out after a mix-up with Bharti Fulmali. Her dismissal, however, came after she had already powered India to a formidable 193/5.
Hong Kong's chase never got going as India's spin-heavy attack strangled the batting lineup from the beginning. They slipped to 32/3 and struggled to score freely against India's disciplined bowling.
Deepti Sharma led the attack with 3/9 from three overs, removing key batters Natasha Miles and Yasmin Daswani while keeping the scoring rate under control. Prema Rawat, Nandani Sharma and Shree Charani then continued to chip away at the Hong Kong batting order.
Marina Lamplough offered some resistance with 14, but Shree Charani eventually removed her before the lower order folded quickly. Nandani Sharma claimed two wickets, while Prema Rawat finished with two as India's spinners kept the pressure on.
Hong Kong were eventually bowled out for just 56 in 16.2 overs. Shree Charani completed the victory by stumping Shanzeen Shahzad after a sharp piece of work from Richa Ghosh.
#hong #India #sharma #shree
2 months ago
Networking equipment and software provider Arista Networks, Inc. (NYSE:ANET) is one of Cramer's favorite stocks. In fact, as far back as February 2025, the CNBC TV host remarked that going against Arista Networks, Inc. (NYSE:ANET) and its CEO meant an "invitation to your funeral." The shares are up by 49% over the past year and by 52% year-to-date. Over the month, they are up by 11.5% and closed 3.6% higher on August 5th, the day after Arista Networks, Inc. (NYSE:ANET)'s second quarter earnings report. Yet, as the shares dipped on the 6th, Cramer called the move profit taking:
"I was talking to Jayshree Ullal yesterday, for ANET, which is just a fantastic company, had an amazing quarter. And she's on the board of Snowflake. And I just said, no one noticed that Snowflake just goes up and up and up. That's the kind of thing that is coming up for profit taking taking today. As is ANET. As is Arista. And I just say, okay, wait a second, this is a take your breath moment. These companies are all doing really, really well. Or they have, like the long term agreement kind of thing with Western Digital. This is a profit taking thing, Carl. And I think that this is blessed. You want this."
Arista Networks, Inc. (NYSE:ANET) reported $3.04 billion in revenue and $1.02 in earnings per share for its second quarter and beat ***** yst estimates for both. The firm's third quarter revenue forecast of $3.3 billion also beat the estimates. With Arista Networks, Inc. (NYSE:ANET) counting tech giant such as Microsoft and Amazon, the healthy results indicated the strength of the ongoing AI buildout. The strength of the buildout and the firm's role in it is also key to the investment debate. With Arista Networks, Inc. (NYSE:ANET)'s competency in Ethernet networks, a faster switch to the technology can help the firm. Additionally, the firm also benefits from strong margins (63.4% non-GAAP gross margin in Q2) courtesy of its software model. Yet, at the same time, the fact that Arista Networks, Inc. (NYSE:ANET) relies on a few big-tech customers, which might switch to custom products creates risk that might not be reflected through the forward P/E of 46.73.
Snowflake Inc. (NYSE:SNOW), on the other hand, is a classic software-as-a-service (SaaS) firm. It enables data management and warehousing. Its data business benefits the firm in today's AI era, as it enables users to use their own data to create AI models. Consequently, Snowflake Inc. (NYSE:SNOW)'s net revenue retention (NRR) was 126% in its FY27Q1. Additionally, the firm had 779 customers with trailing 12-month product revenue greater than $1 million in the same quarter. While these figures point towards a robust business, if spending slows due to concerns about AI's returns or if platforms such as DataBricks and Google's BigQuery step up competition, the firm could struggle. For a firm with a forward. P/E of 169, there's little room for error.
#software
"I was talking to Jayshree Ullal yesterday, for ANET, which is just a fantastic company, had an amazing quarter. And she's on the board of Snowflake. And I just said, no one noticed that Snowflake just goes up and up and up. That's the kind of thing that is coming up for profit taking taking today. As is ANET. As is Arista. And I just say, okay, wait a second, this is a take your breath moment. These companies are all doing really, really well. Or they have, like the long term agreement kind of thing with Western Digital. This is a profit taking thing, Carl. And I think that this is blessed. You want this."
Arista Networks, Inc. (NYSE:ANET) reported $3.04 billion in revenue and $1.02 in earnings per share for its second quarter and beat ***** yst estimates for both. The firm's third quarter revenue forecast of $3.3 billion also beat the estimates. With Arista Networks, Inc. (NYSE:ANET) counting tech giant such as Microsoft and Amazon, the healthy results indicated the strength of the ongoing AI buildout. The strength of the buildout and the firm's role in it is also key to the investment debate. With Arista Networks, Inc. (NYSE:ANET)'s competency in Ethernet networks, a faster switch to the technology can help the firm. Additionally, the firm also benefits from strong margins (63.4% non-GAAP gross margin in Q2) courtesy of its software model. Yet, at the same time, the fact that Arista Networks, Inc. (NYSE:ANET) relies on a few big-tech customers, which might switch to custom products creates risk that might not be reflected through the forward P/E of 46.73.
Snowflake Inc. (NYSE:SNOW), on the other hand, is a classic software-as-a-service (SaaS) firm. It enables data management and warehousing. Its data business benefits the firm in today's AI era, as it enables users to use their own data to create AI models. Consequently, Snowflake Inc. (NYSE:SNOW)'s net revenue retention (NRR) was 126% in its FY27Q1. Additionally, the firm had 779 customers with trailing 12-month product revenue greater than $1 million in the same quarter. While these figures point towards a robust business, if spending slows due to concerns about AI's returns or if platforms such as DataBricks and Google's BigQuery step up competition, the firm could struggle. For a firm with a forward. P/E of 169, there's little room for error.
#software
3 months ago
By Jayshree P Upadhyay and Ashwin Manikandan
MUMBAI, July 24 (Reuters) - Indian banks and insurers will launch a common customer identification system in August, with **** et managers joining later, two regulatory sources and industry executives said, allowing customers to access financial products without separately submitting identification documents.
The new system, known as Central Know-Your-Customer 2.0 (CKYC), will only require the customer's consent for these institutions to fetch data stored at a central registry when opening an account or updating their details.
India has spent more than a decade trying to create a system similar to those in countries such as Singapore and several European nations, where digital identity frameworks allow customers to access multiple financial products through a common verification process.
It will also help combat fraud through easier monitoring, the regulatory sources said.
#financial
MUMBAI, July 24 (Reuters) - Indian banks and insurers will launch a common customer identification system in August, with **** et managers joining later, two regulatory sources and industry executives said, allowing customers to access financial products without separately submitting identification documents.
The new system, known as Central Know-Your-Customer 2.0 (CKYC), will only require the customer's consent for these institutions to fetch data stored at a central registry when opening an account or updating their details.
India has spent more than a decade trying to create a system similar to those in countries such as Singapore and several European nations, where digital identity frameworks allow customers to access multiple financial products through a common verification process.
It will also help combat fraud through easier monitoring, the regulatory sources said.
#financial
4 months ago
India vice-captain Smriti Mandhana said she feels proud to reach 300 international matches, with the milestone coming during the first-ever women's Test at Lord's.
The 29-year-old also became the youngest woman in cricket history to achieve the feat and is the 12th woman overall to play 300 international games.
Before the match, England captain Nat Sciver-Brunt won the toss and chose to bowl. India handed a Test debut to Shree Charani, while Yastika Bhatia returned to the playing XI. England gave debut caps to Alice Capsey and Mady Villiers.
Mandhana revealed that she only found out about the milestone the night before the match. Reflecting on her journey, she recalled playing the 2017 Women's World Cup final at Lord's and how uncertain she felt about her future after a difficult tournament.
"I actually got to know about the 300th international match last night. As a player, you don't really keep track of games across all formats. I remember playing the 2017 World Cup final here at Lord's.
"I didn't have a great World Cup then, and I didn't know if I'd get the chance to play for India again. So to come back and play my 300th international match at Lord's, I couldn't ask for a better venue."
She also spoke about leaving behind the disappointment of the T20 World Cup and focusing on the future.
"We had a chance at Lord's to qualify against Australia (in the T20 World Cup). We couldn't take that opportunity, but that's cricket. You have to keep moving on.
"Whether you get a hundred or a zero, every time you go out there, you start your innings from zero. It's the same with the team. You're going to have good days and bad days, but we'll always take it in stride and try to give our best for the country."
Mandhana said switching from T20 to red-ball cricket requires a change in mindset and returning to the basics.
"Batting for long periods definitely helps, especially since we don't play a lot of Test cricket. We did play the pink-ball Test in Perth before. Going back to Wormsley was great. I hadn't been there since 2014, so it brought back old memories.
"For me, the preparation is about adjusting after opening in T20 cricket, where you're expected to score quickly at a high strike rate. In red-ball cricket, you need to watch the ball carefully. Going back to basics is very important. The preparation was all about doing the basic things right and spending long periods at the crease."
The 29-year-old also became the youngest woman in cricket history to achieve the feat and is the 12th woman overall to play 300 international games.
Before the match, England captain Nat Sciver-Brunt won the toss and chose to bowl. India handed a Test debut to Shree Charani, while Yastika Bhatia returned to the playing XI. England gave debut caps to Alice Capsey and Mady Villiers.
Mandhana revealed that she only found out about the milestone the night before the match. Reflecting on her journey, she recalled playing the 2017 Women's World Cup final at Lord's and how uncertain she felt about her future after a difficult tournament.
"I actually got to know about the 300th international match last night. As a player, you don't really keep track of games across all formats. I remember playing the 2017 World Cup final here at Lord's.
"I didn't have a great World Cup then, and I didn't know if I'd get the chance to play for India again. So to come back and play my 300th international match at Lord's, I couldn't ask for a better venue."
She also spoke about leaving behind the disappointment of the T20 World Cup and focusing on the future.
"We had a chance at Lord's to qualify against Australia (in the T20 World Cup). We couldn't take that opportunity, but that's cricket. You have to keep moving on.
"Whether you get a hundred or a zero, every time you go out there, you start your innings from zero. It's the same with the team. You're going to have good days and bad days, but we'll always take it in stride and try to give our best for the country."
Mandhana said switching from T20 to red-ball cricket requires a change in mindset and returning to the basics.
"Batting for long periods definitely helps, especially since we don't play a lot of Test cricket. We did play the pink-ball Test in Perth before. Going back to Wormsley was great. I hadn't been there since 2014, so it brought back old memories.
"For me, the preparation is about adjusting after opening in T20 cricket, where you're expected to score quickly at a high strike rate. In red-ball cricket, you need to watch the ball carefully. Going back to basics is very important. The preparation was all about doing the basic things right and spending long periods at the crease."
