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

• 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)