ANET is resting for a while in its accumulation zone.
This cloud-computing company experienced a boom in 2021 when its price doubled. However, by the start of 2022, it has entered accumulation stage after witnessing a brief failed decline.
FUNDAMENTALS OF ANET
ANET has impressive fundamentals. Its financial results are better in every quarter than its previous quarter - a key indicator for a multi-bagger company.
Its revenue grew 42 % in TTM while its net income saw a rise of 48% in TTM. Company has high margins and negligible debt, making it resilient to deteriorating financial conditions and interest rate hikes.
WHEN TO BUY
Once ANET is out of accumulation zone with increasing volumes, that's best time to buy it.
This cloud-computing company experienced a boom in 2021 when its price doubled. However, by the start of 2022, it has entered accumulation stage after witnessing a brief failed decline.
FUNDAMENTALS OF ANET
ANET has impressive fundamentals. Its financial results are better in every quarter than its previous quarter - a key indicator for a multi-bagger company.
Its revenue grew 42 % in TTM while its net income saw a rise of 48% in TTM. Company has high margins and negligible debt, making it resilient to deteriorating financial conditions and interest rate hikes.
WHEN TO BUY
Once ANET is out of accumulation zone with increasing volumes, that's best time to buy it.
