Jim Cramer Put These 16 Stocks Under a Microscope

7. Arista Networks, Inc. (NYSE:ANET)

Number of Hedge Fund Holders: 78

A caller noted Arista Networks, Inc.’s (NYSE:ANET) PE of 33 and in response, Cramer commented:

“It’s never been this cheap that I can recall and you know, I love Jayshree Ullal, but here’s the problem, it’s a data center stock. We gotta see some bounce in the data center. I cannot stick my neck out and have one more data center in my Charitable Trust… Candidly, it’s been a house of pain.”

Arista Networks (NYSE:ANET) offers cutting-edge networking solutions for data centers, campuses, and routing, with an emphasis on AI-powered switches and software for automation, monitoring, and security. Last week, Cramer was bullish on the company’s CEO but did mention that the stock has been hit.

“No, Arista’s been an amazing stock for many years and that’s because Jayshree Ullal is such a fantastic executive. Right now, it’s caught up in the data center negativity. At this point, this stock is now down 50 straight points. I’m gonna bet on Jayshree here. I would buy it.”