5 Best Debt Free Stocks to Buy

3. Arista Networks, Inc. (NYSE:ANET)

Number of Hedge Fund Holders: 42

Arista Networks, Inc. (NYSE:ANET) is a cloud networking solutions company that reported sales of $1.177 billion in Q3 2022, up 57.2% from the third quarter of 2021. For the period, Arista Networks, Inc. (NYSE:ANET) also earned an adjusted net income of $1.25 per diluted share up from the adjusted net income of $0.74 per share in Q3 2021.

42 hedge funds in our database owned shares of Arista Networks, Inc. (NYSE:ANET) at the end of Q3, ranking the stock #3 on our list of 11 Best Debt Free Stocks to Buy.

Arista Networks, Inc. (NYSE:ANET) shares have increased substantially from their 2014 stock price of under $23 per share.