PREVIEW: Arista Networks rises ahead of earnings report

Arista Networks

06/05/2025 20:52

** Shares of Arista Networks ANET.N rise 1.1% ahead of quarterly results after the bell, with investors focused on demand for cloud-networking gear amid AI boom

** Analysts expect quarterly rev. up 25% to $1.97 bln, adjusted EPS seen at $0.59, vs $0.50 a yr-ago, according to data compiled by LSEG

** Company in February projected quarterly rev. above Wall Street estimates, underscoring strong demand for advanced networking infrastructure capable of supporting complex AI workloads

** Stock recently traded at 34 times expected earnings, above its avg. forward PE of 31 over the past five years

** ANET stock down about 17% YTD, underperforming S&P 500 .SPX, which is down 4%

** Shares are about 32% below their 52-week intraday high of $133.575 reached on January 24, 2025

** In the past 30 days, one out of 26 analysts raised EPS estimates for the quarter, while one revised downwards

(Reporting by Noel Randewich)

((noel.randewich@thomsonreuters.com))