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MarketScreener Homepage  >  Equities  >  Nyse  >  Arista Networks    ANET

ARISTA NETWORKS

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Arista Networks : Posts 41% Revenue Rise in Latest Quarter

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02/18/2016 | 06:03pm EDT
   By Ezequiel Minaya 
 

Arista Networks Inc., a networking-software maker, posted better-than-expected results for its fourth quarter on Thursday with sales soaring 41%.

Shares of the company, down 6.5% over the past 12 months, rose 5.76% to $61.50 in after hours trading.

Arista said results were boosted by the ongoing shift to cloud-based networks.

For the current quarter, the company said it expected to post revenue between $232 million and $240 million, in line with estimates of $234 million made by analysts surveyed by Thomson Reuters.

For the period ended Dec. 31, Arista reported a profit of $43.9 million, or 60 cents a share, up from $31 million, or 43 cents a share, a year earlier. Excluding one-time items, adjusted per-share earnings were 80 cents, up from 53 cents a year earlier.

Revenue rose 41% to $245.4 million.

Analysts polled by Thomson Reuters expected per-share profit of 60 cents and revenue of $241.1 million.

Last month, the company leveled antitrust allegations against Cisco Systems Inc., escalating a legal battle that began when Cisco accused Arista of infringing its patents and copyrights.

Write to Ezequiel Minaya at Ezequiel.Minaya@wsj.com

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Financials ($)
Sales 2019 2 561 M
EBIT 2019 931 M
Net income 2019 715 M
Finance 2019 2 222 M
Yield 2019 -
P/E ratio 2019 27,85
P/E ratio 2020 25,50
EV / Sales 2019 6,41x
EV / Sales 2020 5,14x
Capitalization 18 632 M
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 307 $
Spread / Average Target 26%
EPS Revisions
Managers
NameTitle
Jayshree Ullal President, Chief Executive Officer & Director
Andy Bechtolsheim Chairman & Chief Development Officer
Mark Foss Senior VP-Global Operations & Marketing
Ita M. Brennan CFO, Principal Accounting Officer & SVP
Kenneth Duda Chief Technology Officer, SVP-Software Engineering
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