Arista Networks (ANET) Tops Q4 EPS by 19c

Arista Networks (NYSE: ANET) reported Q4 EPS of $2.29, $0.19 better than the analyst estimate of $2.10. Revenue for the quarter came in at $552.5 million versus the consensus estimate of $550.98 million.

“Despite the volatility of cloud spend, 2019 marked the entry of Arista in the campus and mainstream enterprise. Our cloud networking technology is being accepted in thousands of diverse enterprise customers. We are excited by our prospects in 2020 and committed to a multi-year foundation of growth, innovation and profitability,” stated Jayshree Ullal, Arista’s President and CEO.

GUIDANCE:

Arista Networks sees Q1 2020 revenue of $522-532 million, versus the consensus of $523.3 million.

For earnings history and earnings-related data on Arista Networks (ANET) click here.

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