Plus, 24 more of the best stocks to own in March
The last time we analyzed Arista Networks Inc (NYSE:ANET), the computer networking stock had just pulled back to its historically bullish 200-day moving average. While ANET remains primed to bounce off this key trendline, seasonality could provide an additional boost in March.
According to Schaeffer's Senior Quantitative Analyst Rocky White, Arista Networks stock is one of the best-performing S&P 500 Index (SPX) stocks in March and is the only telecommunications stock on the list. Historical data shows that ANET has finished the month higher in eight of the past 10 years, averaging a 6.2% return.
The combination of this flashing bull signal and ANET’s historically strong March performance sets the stage for the stock to potentially climb more than 20% over the next 30 days -- should all factors align perfectly. Last seen down 3% at $93.55, a move of this magnitude would push the equity above $112.
The stock could use the boost, too. ANET remains down 16% in 2025, shedding 19.1% since the start of February. The shares are still far from their Jan. 24 all-time high of $133.57, leaving room for a potential rebound if momentum shifts in the bulls' favor.
