Arista Networks, Inc

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ANET
Arista Networks, Inc NYSE
 
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Upcoming Earnings
EPS
Market Cap
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Upcoming Earnings
EPS
Market Cap
Div Yield
P/E

Important events

Feb 152022

Arista does it again

Cloud-software company Arista Networks is back at it again with impressive earnings.

Key points:
  • Prices leaped 10% on Tuesday morning after the growing software company easily beat on both ends with EPS of $0.82 on revenues that were up 27% y-o-y to hit $824.5m. Guidance topped expectations with a forecast of 30% growth in sales for 2022.
  • It boasted its first year with over $1bn in free cash flow and saw both its products and its services segments' grow over 20% y-o-y, with CEO Jayshree Ullal calling it “among the fastest growing networking companies in this decade”.
  • Optimism over the Metaverse has been spurring extra gains. Arista is one of Meta’s (FB) key suppliers, and its Q3 earnings in November sent the stock up 20% – thanks largely to plans to invest in its data centers in a big way this year.
Taylor Vick / Unsplash

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