Jim Cramer's Mad Dash: Arista Networks Still Has Momentum

NEW YORK (TheStreet) -- There’s a new king in networking and that’s Arista Networks (ANET)., Jim Cramer said Friday on CNBC’s “Cramer’s Mad Dash” segment.

The co-manager of the Action Alerts PLUS portfolio noted Arista Networks will likely be the best initial public offering of this year.

The company beat on revenue and earnings expectations and Cramer said analysts’ estimates still remain too low. “It’s a blowout quarter,” he added. 

Read More: 4 Stocks Warren Buffett Is Selling in 2014

However, investors will want to hold off buying the stock on Friday, he said. Wait for a pullback-- such as a Russia-induced broad market selloff early next week -- for a chance to buy Arista Networks at a more favorable price, Cramer advised. 

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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