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Arista Networks met expectations with its earnings guidance on Monday, beating its most recent quarterly profit, but its stock fell in extended trading.
The networking giant expected revenue of $1.52 billion to $1.56 billion for the current quarter, while analysts tracked by FactSet pegged revenue at $1.53 billion. I’m predicting. Arista ANET,
Management also expects gross margin to be 62%, while the consensus view implies an expectation of 63% gross margin.
Shares fell about 6% in after-hours trading Monday. In a 3-month period he increased by 36% and in a 12-month period by 111%.
Arista’s net income for the fourth quarter was $613.6 million, or $1.92 per share, compared with net income of $427.1 million, or $1.35 per share, in the year-ago period. Adjusted, Arista’s earnings per share were $2.08, up from his $1.41 a year earlier, beating the FactSet consensus of $2.08 for him.
Sales were $1.54 billion, an increase of approximately 2% from the same period last year. Analysts had expected $1.53 billion.
“We are cautiously optimistic about achieving our AI revenue goal of at least $750 million in AI networking in 2025,” CEO Jayshree Ural said in an earnings call. .
network rival Cisco Systems Inc. CSCO,
The company will announce its quarterly results on Wednesday afternoon.
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