-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點摘要如下：我們維持對ANET未來12個月的目標價為175美元，基於48.2倍的2026年每股盈餘預期。我們將2026年每股收益預期上調0.10美元至3.63美元，並將2027年每股收益預期上調0.17美元至4.42美元。儘管ANET上調了全年業績指引，但由於一些顯著的挑戰，其業績指引仍低於我們的預期。該公司遭遇了業界範圍內的供應短缺，尤其是在晶圓、矽晶片、CPU、光學元件和記憶體方面。這些短缺增加了採購成本，並限制了其充分滿足強勁客戶需求的能力。由於供應鏈成本上升（尤其是記憶體和矽晶片的成本）以及客戶結構向利潤率較低的大型客戶轉移，毛利率承壓。此外，該公司還需支付更多費用以確保供應的連續性，這進一步影響了其利潤率。關鍵零件（尤其是人工智慧平台中使用的高階晶片）的交貨週期非常長，有時甚至長達 52 週或更久，這要求 ANET 做出多年採購承諾，並增加了庫存失衡的風險。
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