Arista Networks, Inc. (NASDAQ:ANET), builds high speed data switching equipment and primarily competes with Cisco. Recent earnings growth is all about the robust capital spending to beef up data center equipment, anticipating growth in high-speed computing and artificial intelligence. Earnings Per Share reported in February at $2.08/share beatWall Street analyst estimates by 22%.
Atlassian Corporation, Class A (NASDAQ:TEAM), as a startup out of Australia that went public a few years ago, has very innovative remote group meeting, workflow and project management solutions. Although increasingly facing competition from Microsoft Teams, stay tuned about how Atlassian manages this pure play to a profitable niche with their full-featured cloud apps.
Rather than offering incident response, Qualys Inc. (NASDAQ:QLYS), in the field of network security, scans for vulnerabilities in both cloud and on-premises data processing systems for its customers. Cyber threats represent millions of dollars of costs for each successful hack. The need to protect networks including customer data is now a regulated compliance issue in most industries.
Samsara Inc., Class A (NASDAQ:IOT) reports earnings March 7. Samsara considers itself to be the American Internet of Things company. This isn’t performance based on earnings, but one to watch on price movement and daily changes in trading volume.
ServiceNow, Inc. (NASDAQ:NOW). There is a whole lot of optimism about the opportunities AI represents for a company like ServiceNow, benefiting customer service and help desk, their core SaaS offerings. NEA expects ServiceNow, with an installed base north of 7500 companies, to be a repeat growth winner, quarter-to-quarter, in performance ratings as AI develops. We believe it’s the early innings.