Arista's Sales, EPS Surge; Stock Slumps
Here's our initial take on Arista Networks' (NYSE: ANET) first-quarter financial report.Arista's first-quarter financial report was cause for celebration as far as the company was concerned. Revenue inched just above $2 billion for the first time ever, growing 28% from the same period a year earlier. Solid margin performance helped the company boost its adjusted earnings to $0.65 per share, 30% higher than in the year-earlier period.AI and other technological advances played their part in pushing Arista higher. The company highlighted its recent advanced AI capabilities to help make AI-enhanced networks more productive, ensuring reduced latency, better troubleshooting, and maximized workload performance.Continue reading
Here's our initial take on Arista Networks' (NYSE: ANET) first-quarter financial report.
Arista's first-quarter financial report was cause for celebration as far as the company was concerned. Revenue inched just above $2 billion for the first time ever, growing 28% from the same period a year earlier. Solid margin performance helped the company boost its adjusted earnings to $0.65 per share, 30% higher than in the year-earlier period.
AI and other technological advances played their part in pushing Arista higher. The company highlighted its recent advanced AI capabilities to help make AI-enhanced networks more productive, ensuring reduced latency, better troubleshooting, and maximized workload performance.
