Quick Read
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Cramer called Arista Networks (ANET) CEO Jayshree Ullal “money,” backing shares that are up 52% year to date and 808% over five years.
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ANET trades at 62x trailing earnings with 31 analyst buy ratings and zero holds or sells, a unanimity that leaves no cushion for disappointment.
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Ullal warned of a two-year industry supply problem while purchase commitments swelled to $9.7B, concentrated among just one or two 10%-plus customers.
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Phil, a caller from North Carolina, told Jim Cramer on the September 10 broadcast of Mad Money that he and his granddaughter, Antonia, each bought shares of Arista Networks (NYSE:ANET) after watching Cramer’s interview with CEO Jayshree Ullal.
Antonia, a recent college graduate working in Manhattan, had, as Phil put it, fallen in love with her portfolio. Her question, relayed through her grandfather, cut straight to her concern about the current infrastructure boom: Can this kind of company eventually fall apart the way earlier networking and telecom highfliers did?
Cramer endorsed Arista Networks because he believes in the company’s CEO. Arista closed Friday’s trading session at $199.59, up 5.91% on the session after climbing 52.32% year-to-date.
Cramer Says Arista CEO “Is Money”
Cramer’s bull case was almost entirely about the company’s CEO: “My confidence is with Jayshree Ullal. I think she’s amazing,” he said. “Every time the stock has dipped, if you’ve noticed it since her tenure began, you have to buy it. And I’m not backing away from that.”
“She is money, and the company’s fantastic.”
Arista stock is up 51.91% year to date and 807.56% over five years. This is a bet on CEO Ullal as an operator and on her judgment of product cycles, hyperscaler relationships, and supply.
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