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MarketScreener Homepage  >  Equities  >  Nyse  >  Arista Networks, Inc.    ANET

ARISTA NETWORKS, INC.

(ANET)
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Arista Networks: 2Q Earnings Snapshot

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08/04/2020 | 05:56pm EDT

SANTA CLARA, Calif. (AP) _ Arista Networks Inc. (ANET) on Tuesday reported second-quarter net income of $144.8 million.

On a per-share basis, the Santa Clara, California-based company said it had profit of $1.83. Earnings, adjusted for one-time gains and costs, were $2.11 per share.

The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.97 per share.

The cloud networking company posted revenue of $540.6 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $530 million.

For the current quarter ending in October, Arista Networks said it expects revenue in the range of $570 million to $590 million.

Arista Networks shares have increased 30% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $263.99, a climb of 14% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANET at https://www.zacks.com/ap/ANET

Automated Insights, source Associated Press News


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All news about ARISTA NETWORKS, INC.
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Financials (USD)
Sales 2020 2 251 M - -
Net income 2020 606 M - -
Net cash 2020 2 658 M - -
P/E ratio 2020 27,5x
Yield 2020 -
Capitalization 15 879 M 15 879 M -
EV / Sales 2020 5,87x
EV / Sales 2021 4,94x
Nbr of Employees 2 300
Free-Float 71,7%
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Technical analysis trends ARISTA NETWORKS, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 242,96 $
Last Close Price 208,87 $
Spread / Highest target 42,2%
Spread / Average Target 16,3%
Spread / Lowest Target -29,1%
EPS Revisions
Managers
NameTitle
Jayshree V. Ullal President, Chief Executive Officer & Director
Andy Bechtolsheim Chairman & Chief Development Officer
Anshul Sadana Chief Operating Officer & Senior Vice President
Ita M. Brennan CFO, Chief Accounting Officer & SVP
Kenneth Duda Chief Technology Officer, SVP-Software Engineering
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