Jim Cramer on Arista: “That’s a Beast That’s Going Higher”

Arista Networks Inc (NYSE:ANET) is one of the stocks Jim Cramer recently provided insights on. A caller inquired about the stock, noting its “monster gains” this year. Cramer replied:

“Don’t touch Arista. Don’t touch Arista. That one, that’s a beast. That’s a beast that’s going higher. $200 billion, Jayshree Ullal, I don’t talk enough about what an amazing CEO she is. That stock goes higher.”

Photo by Yiorgos Ntrahas on Unsplash

Arista Networks Inc (NYSE:ANET) sells cloud-based networking solutions and related software for data center, AI, and enterprise operations. In addition, it provides network services, support, and hardware solutions. Cramer mentioned the company during the August 6 episode and said:

“And look, this short-busting Palantir is not alone. Stocks in this market fly when they’re heavily shorted and something good, anything good, happens. Take Arista Networks, one of my faves, the data center networking play… If the stock’s been creeping up every step by step, inch by inch, the shorts were increasing their bets the whole time. They figured it was like shooting fish in a barrel.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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