Jim Cramer’s Latest Lightning Round: 8 Stocks in Focus

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

Number of Hedge Fund Holders: 70

Cramer called Arista Networks, Inc.’s (NYSE:ANET) CEO “incredible” and said that he is a buyer of the stock.

“Jayshree Ullal, she is some incredible CEO and that business is smoking hot. I would be a buyer of Arista.”

Arista (NYSE:ANET) is a leading provider of networking solutions, specializing in products for data centers, campuses, and routing. The company is particularly recognized for its focus on AI-driven switches and software tailored for automation, monitoring, and security.

In its third-quarter earnings call, Chair and CEO, Jayshree Ullal, revealed that the company’s total addressable market is projected to reach $70 billion by 2028. The company has experienced impressive growth, with a 33.8% increase in 2023. Ullal noted that the company is on track to exceed its initial growth projections for 2024, now forecasting at least 18% growth, driven in part by the acceleration of AI-related projects.

For 2025, Arista (NYSE:ANET) expects revenue to reach approximately $8 billion, with annual growth between 15% and 17%. Within this projected $8 billion revenue, It is particularly optimistic about meeting its targets in campus networking and AI back-end networking, both of which are expected to contribute $750 million each by 2025. The company’s AI center networking revenues are likely to surpass these targets, with a new aim of around $1.5 billion in 2025.