Because several companies are expected to extend remote or hybrid working arrangements for the foreseeable future, and the digitization of business processes continues, computer hardware companies are expected to see robust demand. Indeed, the computer hardware industrys sales increased 23.4% year-over-year in the third quarter.
The growing adoption of the internet of things (IoT), artificial intelligence (AI), and cloud-based products and services should increase the need for computer hardware. The global computer hardware market is expected to grow at a 9.4% CAGR this year.
Given this backdrop, we think it could be wise to add quality computer hardware stocks Arista Networks, Inc. (ANET), IonQ, Inc. (IONQ), and Velo3D, Inc. (VLD) to ones watchlist.
Arista Networks, Inc. (ANET)
Santa Clara, Calif.-based ANET develops, markets, and sells cloud networking solutions around the globe. Its cloud networking solutions consist of extensible operating systems, a set of network applications, and gigabit Ethernet switching and routing platforms.
On November 2, 2021, ANET announced the next major expansion of its Arista EOS network stack, introducing the EOS Network Data Lake. Ken Duda, Founder and CTO at Arista Networks, said, Arista is entering the third generation of its flagship software stack. Developing a network-based data lake foundation from the ground up on our existing network state database makes Arista EOS NetDL a differentiated network and data-centric operating system.
ANETs total revenue increased 23.7% year-over-year to $748.70 million for its fiscal third quarter, ended September 30, 2021. The companys gross profit came in at $478.62 million, up 24.3% year-over-year. In addition, its income from operations was $233.29 million, up 23.8% year-over-year.
Analysts expect ANETs revenue to be $3.70 billion in its fiscal year 2022, representing a 27.3% year-over-year rise. In addition, the companys EPS is expected to increase 23.5% year-over-year to $13.68 in its fiscal year 2022. It surpassed the consensus EPS estimates in each of the trailing four quarters. The stock has gained 41.5% in price over the past month to close yesterdays trading session at $526.42.
Click here to check out our Cloud Computing Industry Report for 2021
IonQ, Inc. (IONQ)
IONQ develops general-purpose quantum computing systems. It sells access to quantum computers with 11 qubits. It is a leader in quantum computing, with a proven record of innovation and deployment. The company is headquartered in College Park, Md.
On September 23, 2021, IONQ and GE Research formed a partnership to explore the impact of quantum computing and IonQs quantum computers in the pivotal field of risk analysis. Peter Chapman, CEO and President of IONQ, said, As we explore how quantum computing could help us calculateand correct forthese risks, were proud to partner with GE, whose forward-thinking team sees that the rise of data availability pairs naturally with quantum computers to find new solutions to these management challenges.
IONQs net intangible assets were $5.11 million for the period ended June 30, 2021, compared to $2.69 million for the period ended December 31, 2020. Its accounts receivable came in at $420,000 compared to $390,000 for the same period. Moreover, its net property and equipment was $15.56 million, versus $11.99 million, also for the same period.
Analysts expect IONQs revenue to be $14.57 million in its fiscal year 2022, representing a 148.2% year-over-year rise. In addition, the companys EPS is expected to increase 11.1% in the next year and 20% per annum over the next five years. Over the past month, the stock has gained 153.9% in price to close yesterdays trading session at $21.35.
Velo3D, Inc. (VLD)
VLD produces metal additive three-dimensional printers. The Campbell, Calif.-based companys printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other high-value metal parts, which it sells or leases to customers for use in their businesses.
On September 29, 2021, VLD completed its merger with JAWS Spitfire Acquisition Corporation. Barry Sternlicht, Chairman of JAWS Spitfire Acquisition, said, What Velo3D has done for its customersmost of whom are at the forefront of innovation in their industriesis nothing less than transformative. Were proud to be affiliated with Benny and the rest of the Velo3D team.
On September 30, 2021, VLDs common stock began trading on the New York Stock Exchange under the ticker symbol VLD.
Analysts expect VLDs revenue to grow 238.6% year-over-year to $84.69 million in its fiscal year 2022. Its EPS is estimated to grow at 16.7% in the next year. Over the past month, the stock has gained 22.9% in price to close yesterdays trading session at $12.28.
ANET shares were trading at $534.00 per share on Tuesday morning, up $7.58 (+1.44%). Year-to-date, ANET has gained 83.78%, versus a 26.09% rise in the benchmark S&P 500 index during the same period.
Riddhima is a financial journalist with a passion for analyzing financial instruments. With a master's degree in economics, she helps investors make informed investment decisions through her insightful commentaries. More...
View original post here:
ANET: Add These 3 Soaring Computer Hardware Stocks to Your Watchlist - StockNews.com
- Reaching absolute zero for quantum computing now much quicker thanks to breakthrough refrigerator design - Livescience.com - May 29th, 2024 [May 29th, 2024]
- Why These 3 Quantum Computing Stocks Are Worth the Risk - The Motley Fool - May 29th, 2024 [May 29th, 2024]
- D-Wave Quantum Set to Join Russell 3000 Index - HPCwire - May 29th, 2024 [May 29th, 2024]
- 3 Quantum Computing Stocks to Buy Be Millionaire-Makers: May - InvestorPlace - May 29th, 2024 [May 29th, 2024]
- Amazon taps Finland's IQM for its first EU quantum computing service - TNW - May 29th, 2024 [May 29th, 2024]
- Here Come the Qubits? What You Should Know About the Onset of Quantum Computing - IPWatchdog.com - May 29th, 2024 [May 29th, 2024]
- On Location at IBM Think 2024: The AI Revolution and Quantum Computing Advances - Acceleration Economy - May 29th, 2024 [May 29th, 2024]
- The power of Quantum Computing - The Cryptonomist - May 29th, 2024 [May 29th, 2024]
- ISC 2024 A Few Quantum Gems and Slides from a Packed QC Agenda - HPCwire - May 29th, 2024 [May 29th, 2024]
- D-Wave Introduces New Fast Anneal Feature, Extending Quantum Computing Performance Gains - Yahoo Finance - April 20th, 2024 [April 20th, 2024]
- Major First: Quantum Information Produced, Stored, And Retrieved - ScienceAlert - April 20th, 2024 [April 20th, 2024]
- Horizon Quantum Computing to Establish First-of-a-Kind Hardware Testbed - The Quantum Insider - April 20th, 2024 [April 20th, 2024]
- Quantum Cloud Computing Secured in New Breakthrough at Oxford - TechRepublic - April 20th, 2024 [April 20th, 2024]
- Quantum Computing Could be the Next Revolution - Fair Observer - April 20th, 2024 [April 20th, 2024]
- Horizon Quantum Computing to Pioneer Multi-Vendor Quantum Hardware Testbed - HPCwire - April 20th, 2024 [April 20th, 2024]
- These 10 quantum computing companies have pulled in the most VC cash - PitchBook News & Analysis - April 20th, 2024 [April 20th, 2024]
- D-Wave Launches Fast Anneal Feature for Enhanced Quantum Computing Performance - Quantum Computing Report - April 20th, 2024 [April 20th, 2024]
- Software Specialist Horizon Quantum to Build First-of-a-Kind Hardware Testbed - HPCwire - April 20th, 2024 [April 20th, 2024]
- Illuminating Futures: Celebrating Achievements and Exploring Quantum Computing at This is IT! Event - Royal Examiner - April 20th, 2024 [April 20th, 2024]
- Horizon Quantum Computing to Establish First-of-a-Kind Hardware Testbed - The Bakersfield Californian - April 20th, 2024 [April 20th, 2024]
- A Weakness in One of the NIST PQC Algorithms Was Not Uncovered After All - Quantum Computing Report - April 20th, 2024 [April 20th, 2024]
- Commodore 64 claimed to outperform IBM's quantum system sarcastic researchers say 1 MHz computer is faster ... - Tom's Hardware - April 20th, 2024 [April 20th, 2024]
- Quantum computing: a new frontier for the broadcast and media industry - RedShark News - April 20th, 2024 [April 20th, 2024]
- 3 Steps Businesses Should Take to Prepare for Quantum Computing Disruption - TechSpective - April 20th, 2024 [April 20th, 2024]
- Orientum Publishes 'Quantum Finance Algorithm' Paper on ArXiv - The Quantum Insider - April 20th, 2024 [April 20th, 2024]
- Quantum Linear Solvers for Redundant Baseline Calibration - AZoQuantum - April 20th, 2024 [April 20th, 2024]
- 'Almost very close' to nuclear weapon: Federal cyber officials brace for quantum computing surprise - Washington Times - April 20th, 2024 [April 20th, 2024]
- D-Wave fast anneal extends quantum computing performance ... - eeNews Europe - April 20th, 2024 [April 20th, 2024]
- Horizon Quantum Computing to Set Up Its Own Hardware Testbed for Tight Integration Between the Hardware and Software Stacks - Quantum Computing Report - April 20th, 2024 [April 20th, 2024]
- Global Quantum Technology Market Research 2024-2029 with Assessment of Companies Focused on Quantum ... - Daily Host News - April 20th, 2024 [April 20th, 2024]
- The experimental demonstration of a verifiable blind quantum computing protocol - Phys.org - April 20th, 2024 [April 20th, 2024]
- Researchers create 'quantum drums' to store qubits one step closer to groundbreaking internet speed and security - Tom's Hardware - April 20th, 2024 [April 20th, 2024]
- Access to burgeoning quantum technology field could be widened by educational model - Phys.org - April 20th, 2024 [April 20th, 2024]
- 'Quantum memory' could make the internet super fast and secure - Futurity: Research News - April 20th, 2024 [April 20th, 2024]
- Senate bill aims to bring more private sector participation to federal AI innovation - Nextgov/FCW - April 20th, 2024 [April 20th, 2024]
- Quantum Computing Leaps Forward with Groundbreaking Error Correction - yTech - April 4th, 2024 [April 4th, 2024]
- Microsoft and Quantinuum Pave the Way for Reliable Quantum Computing - yTech - April 4th, 2024 [April 4th, 2024]
- Breakthrough in Quantum Information Communication Achieved by Tokyo Researchers - yTech - April 4th, 2024 [April 4th, 2024]
- Microsoft Advances in Quantum Computing with Error-Reduction Breakthrough - yTech - April 4th, 2024 [April 4th, 2024]
- Quantinuum H2 Paves the Way for Reliable Quantum Computing - yTech - April 4th, 2024 [April 4th, 2024]
- Why Quantum Computers Will Never Break Bitcoin - Palm Beach Research Group - April 4th, 2024 [April 4th, 2024]
- Microsoft and Quantinuum boast quantum computing breakthrough - DIGIT.FYI - April 4th, 2024 [April 4th, 2024]
- Microsoft and Quantinuum announce breakthrough in quantum computing 14 thousand experiments without errors - ITC - April 4th, 2024 [April 4th, 2024]
- Revolutionizing Quantum Computing: Breakthroughs in Quantum Error Correction - AZoQuantum - April 4th, 2024 [April 4th, 2024]
- Quantum Computing Recharged With Electromagnetic Ion Trap Innovation - SciTechDaily - April 4th, 2024 [April 4th, 2024]
- Next-Generation Quantum Leap Achieved by Microsoft and Quantinuum - yTech - April 4th, 2024 [April 4th, 2024]
- Microsoft and Quantinuum announce development of next-generation technology that reduces 'noise' by 800 times ... - GIGAZINE - April 4th, 2024 [April 4th, 2024]
- BTQ Technologies Corp. Partners with the Australian Quantum Software Network to Advance Quantum Computing and ... - PR Newswire - April 4th, 2024 [April 4th, 2024]
- Quantinuum and Microsoft Leap towards Quantum Superiority with Noise Reduction Breakthrough - yTech - April 4th, 2024 [April 4th, 2024]
- The 3 Best Quantum Computing Stocks to Buy in Q2 2024 - InvestorPlace - April 4th, 2024 [April 4th, 2024]
- What Are the Implications of Quantum Computing for the Future of Data Security? - socPub - April 4th, 2024 [April 4th, 2024]
- Cosmic rays, XR, and 'multiverse' quantum computing welcome to EIC's deeptech Scaling Club - TNW - April 4th, 2024 [April 4th, 2024]
- Wall Street Favorites: 3 Quantum Computing Stocks with Strong Buy Ratings for February 2024 - InvestorPlace - February 26th, 2024 [February 26th, 2024]
- Never-Repeating Tiles Can Safeguard Quantum Information - Quanta Magazine - February 26th, 2024 [February 26th, 2024]
- Fractional Electrons: MIT's New Graphene Breakthrough Is Shaping the Future of Quantum Computing - SciTechDaily - February 26th, 2024 [February 26th, 2024]
- Qubits are notoriously prone to failure but building them from a single laser pulse may change this - Livescience.com - February 26th, 2024 [February 26th, 2024]
- New Phase of Matter Created During Experiments with Exotic Particles in Quantum Processor - The Debrief - February 26th, 2024 [February 26th, 2024]
- Harnessing the Power of Neutrality: Comparing Neutral-Atom Quantum Computing With Other Modalities - The Quantum Insider - February 26th, 2024 [February 26th, 2024]
- Apple is already defending iMessage against tomorrow's quantum computing attacks - The Verge - February 26th, 2024 [February 26th, 2024]
- Government of Canada Supports Xanadu to Accelerate Quantum Computing Research and Education - HPCwire - February 26th, 2024 [February 26th, 2024]
- U.S. weighs National Quantum Initiative Reauthorization Act - TechTarget - February 26th, 2024 [February 26th, 2024]
- The Current State of Quantum Computing - Securities.io - February 26th, 2024 [February 26th, 2024]
- Superconducting qubit promises breakthrough in quantum computing - Advanced Science News - February 26th, 2024 [February 26th, 2024]
- Quantum Computing Breakthrough: New Fusion of Materials Has All the Components Required for a Unique Type of ... - SciTechDaily - February 26th, 2024 [February 26th, 2024]
- 3 Quantum Computing Stocks That Could Be Multibaggers in the Making: February Edition - InvestorPlace - February 26th, 2024 [February 26th, 2024]
- DCD Podcast - The fundamentals of quantum computing, with Yuval Boger, QuEra - DCD - DatacenterDynamics - February 26th, 2024 [February 26th, 2024]
- Apple to launch PQ3 update for iMessage, bolstering encryption against quantum computing - ReadWrite - February 26th, 2024 [February 26th, 2024]
- Illinois governor's proposed $53B budget includes funds for migrants, quantum computing and schools - The Associated Press - February 26th, 2024 [February 26th, 2024]
- How is Quantum Technology Developing in Ireland? A Conversation with John Durcan, IDA Ireland - AZoQuantum - February 26th, 2024 [February 26th, 2024]
- Quantum Poker: The States of Colorado and Illinois are Betting on Quantum - Quantum Computing Report - February 26th, 2024 [February 26th, 2024]
- One of those transformational investments: $15M brings quantum computing to SC - WIS News 10 - February 26th, 2024 [February 26th, 2024]
- Apple is future-proofing iMessage with post-quantum cryptography - Cointelegraph - February 26th, 2024 [February 26th, 2024]
- Singapore warns banks to prepare for quantum computing cyber threat - Finextra - February 26th, 2024 [February 26th, 2024]
- New Superconducting Flowermon Superconducting Qubit Designed to Greatly Increase Coherence Times - Quantum Computing Report - February 26th, 2024 [February 26th, 2024]
- Apple Ramps Up iMessage Security to Fight Looming Quantum Computing Threat - PCMag - February 26th, 2024 [February 26th, 2024]
- IONQ Stock Outlook: Why This Quantum Computing Play Could Be a Long-Term Winner - InvestorPlace - February 26th, 2024 [February 26th, 2024]
- Apple future-proofing iMessage to protect against the scary future of quantum computing hacking - TechRadar - February 26th, 2024 [February 26th, 2024]
- Apple to upgrade iMessage with measures against future quantum computing hacking - The Indian Express - February 26th, 2024 [February 26th, 2024]
- FedDev Ontario invests $17 million in 12 companies to advance quantum computing - IT World Canada - February 26th, 2024 [February 26th, 2024]
- Apple Bolsters iMessage Encryption Amid Quantum Computing Threats - Telecom Lead - February 26th, 2024 [February 26th, 2024]