Arista Networks Inc. (ANET)

The bull path needs FY2027 companywide revenue and adjusted earnings above their dated analyst means. Operating margin at or above FY2025's level and operating and free cash flow at or above FY2025 amounts would let higher sales lift profit and cash. It fades if product demand weakens and the smaller service line cannot offset lost sales.

• FY2027 revenue and adjusted earnings exceed their dated means. Operating margin stays at or above its FY2025 level, and operating cash remains above reported profit.