Arista Networks Inc reports results for the quarter ended December 31 - Earnings Summary

Arista Networks

18/02/2025 22:01

* Arista Networks Inc  ANET.N  reported quarterly adjusted
earnings of 65 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 52 cents.  The mean expectation of
nineteen analysts for the quarter was for earnings of 57 cents
per share. Wall Street expected results to range from 51 cents
to 62 cents per share.
    * Revenue rose 25.3% to $1.93 billion from a year ago;
analysts
expected $1.90 billion. 
    * Arista Networks Inc's reported EPS for the quarter was 62
cents​.
    * The company reported quarterly net income of $801 million.
    * Arista Networks Inc shares had fallen by 3.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 20 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Arista Networks
Inc is $115.00 
This summary was machine generated from LSEG data February 18 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.57           0.65           Beat
 Sep. 30 2024      0.52           0.60           Beat
 Jun. 30 2024      0.49           0.53           Beat
 Mar. 31 2024      0.44           0.50           Beat