Jim Cramer’s Latest Lightning Round: 7 Stocks in Focus

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

Number of Hedge Fund Holders: 78

A caller mentioned that they have held Arista Networks, Inc. (NYSE:ANET) for some time and have benefitted from its gains and this is what Cramer had to say in response:

“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.”

Arista Networks (NYSE:ANET) offers cutting-edge networking solutions tailored for data centers, campuses, and routing, with an emphasis on AI-powered switches and software designed for automation, monitoring, and security. Toward the end of February, discussing the company, Cramer remarked:

“I thought they reported a good quarter. I know people are worried about the Meta business. I think the Oracle business can make up for that. But there are other people who feel like, you know what, everybody’s shooting at them right now. I think it can bounce, but I know that the competition has gotten tougher. Let’s leave it at that.”