Why Arista Networks Stock Is Plummeting Today
Shares of Arista Networks (NYSE: ANET) are falling on Wednesday. The company's stock lost 6.5% as of 1:45 p.m. ET but was down as much as 8.5% earlier in the day. The loss comes as the S&P 500 and the Nasdaq Composite were flat.Arista, maker of high-performance networking solutions for data centers, reported earnings that mostly exceeded expectations. Reading between the lines, however, there was some cause for concern, sending shares lower.For Q4 2024, Arista posted earnings per share (EPS) of $0.65 on $1.93 billion in revenue, up from $0.52 during the same period last year. The numbers solidly beat consensus estimates of $0.57 on $1.90 billion in revenue. The company expects Q1 2025 sales of $1.93 billion to $1.97 billion.Continue reading
Shares of Arista Networks (NYSE: ANET) are falling on Wednesday. The company's stock lost 6.5% as of 1:45 p.m. ET but was down as much as 8.5% earlier in the day. The loss comes as the S&P 500 and the Nasdaq Composite were flat.
Arista, maker of high-performance networking solutions for data centers, reported earnings that mostly exceeded expectations. Reading between the lines, however, there was some cause for concern, sending shares lower.
For Q4 2024, Arista posted earnings per share (EPS) of $0.65 on $1.93 billion in revenue, up from $0.52 during the same period last year. The numbers solidly beat consensus estimates of $0.57 on $1.90 billion in revenue. The company expects Q1 2025 sales of $1.93 billion to $1.97 billion.
