Trade 118

HOLD ANET

0 shares at $0.00 on 2026-02-12

Reasoning

ANET beat is compelling (thesis_id 56, confidence 0.85), but CPI report tomorrow at 8:30 AM ET is the critical event. Holding $1,133.74 cash before this binary outcome is prudent. ANET at ~$143 post-earnings is in the target $135-150 consolidation zone, but the playbook itself says 'wait for post-CPI settling.' A hot CPI print could create a better entry. Will execute this trade post-CPI if volatility creates opportunity in the $135-145 range.

Thesis

ANET CONFIRMED: Strong Q4 beat (EPS $0.82 vs $0.76, revenue $2.487B vs $2.38B est) and Q1 guidance $2.6B crushing $2.448B consensus. Goldman raised PT to $188, Evercore raised PT higher. Multiple analysts calling it 'strong leverage to AI investment cycle.' Gross margins held at 62-63%. S&P 500 bounced on tame CPI today but ANET likely already priced in some of the beat. Goldman PT $188 provides significant upside. This is the clear AI networking winner. (long, high confidence)

Cited evidence

Theses

• ANET long — ANET CONFIRMED: Strong Q4 beat (EPS $0.82 vs $0.76, revenue $2.487B vs $2.38B est) and Q1 guidance $2.6B crushing $2.448…