Was Jim Cramer Right About Arista Networks Inc. (ANET)?

We recently published a list of Did Jim Cramer Nail or Miss These 11 Stock Predictions? In this article, we are going to take a look at where Arista Networks Inc. (NYSE:ANET) stands against other stocks that Jim Cramer discusses.

Back in that episode, a caller proudly told Cramer he became a millionaire, partly by buying Arista Networks Inc. (NYSE:ANET) for his mother-in-law. He asked whether to hold or sell after a recent pullback. Cramer responded with confidence:

“Arista had an unbelievable quarter. And [CEO] Jayshree’s doing a terrific job. Look, all these stocks are a little bot right now, but I think you want to own it and buy into the volatility.”

Cramer made a solid call here as Arista is up 21.03%. Arista Networks Inc. (NYSE:ANET) delivers high-performance networking equipment and software that powers cloud data centers and AI workloads.

More recently however, while addressing the company’s most recent earnings, Jim Cramer said he prefers another stock of Arista. Here are his comments from the 16^th of May:

“Arista Networks had a better quarter this time than the previous quarter. At the same time, I will tell you, here’s what concerns me: I think Cisco did a better job this quarter and is taking some of their business. I’d rather have you go with Cisco, which is a much cheaper stock.”

Overall, ANET ranks 1st on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of ANET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ANET and that has 100x upside potential, check out our report about this cheapest AI stock. cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.