13 Best Edge Computing Stocks to Buy According to Hedge Funds

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6. Arista Network Inc.  (NASDAQ:ANET)

Number of Hedge Fund holders: 78

Arista Network Inc. (NASDAQ:ANET) provides high-performance networking infrastructure that enables data processing and managing at the edge of networks. The company designs super-fast, programmable switches and routers that are key for handling real-time data. These switches and routers are necessary in edge environments like data centers, IoT applications, among others. The company’s platforms support Artificial Intelligence and Machine Learning (ML) workloads at the edge.

Arista Network Inc. (NASDAQ:ANET) reported record revenue for the year ending December 2024. The company’s revenue for the year stood at $7 billion, growing at a robust 19.45% from the previous year. The company’s net margin continued to expand strongly. Its net income for the year stood at $2.85 billion, a 36.3% increase from the prior year. The company’s revenue growth even accelerated in the last quarter, growing by 25.3% year-over-year to $1.93 billion. Last month, the company introduced the EOS Smart AI Suite featuring Cluster Load Balancing to improve AI workload performance.

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