Buy Arista Networks (ANET) Stock?

Buy Arista Networks (ANET) stock?

Shares of Arista Networks (ANET) are off to the races again today and are tested the recent all-time high of $60.40.  ANET IPO'd late last week and after a drop back to $55, shares are now up 8% from the low.

Arista Networks, Inc. (ANET) provides cloud networking solutions for datacenter and cloud computing environments.  The company currently sports a $3.7 billion market cap.

ANET might be good for a trade here but wait to see if it breaks $60.  If we see a stock market correction, we could easily see ANET drop below $53 so be careful chasing it.

For a full list of upcoming IPO's - See my IPO's 2014 page.  We also follow and trading new IPO's in my stock picks group.

Also See - Top Stocks 2014 - Top Penny Stocks 2014