Tag: $Arista Networks

Networking equipment provider Arista Networks (ANET) forecast annual revenue above Wall Street estimates on Thursday, betting on steady demand for its electronic hardware amid the expanding presence of data centers, sending its shares up more than 17% in extended trading.

Arista Networks Inc (NYSE:ANET) shares tumbled 10.8% after the networking equipment provider’s fourth-quarter outlook failed to impress investors, despite reporting better-than-expected third-quarter results.

Arista Networks (ANET) posted better-than-expected earnings as quarterly revenue reached a record high.

Arista Networks logged higher profit in the fourth quarter, boosted by a double-digit sales increase.

Arista Networks projected fourth-quarter revenue above Wall Street estimates on Thursday, as the growing foot print of data centers amid an AI boom lifted demand for its networking equipment.

 Arista Networks forecast second-quarter revenue above Wall Street estimates on Tuesday, anticipating higher demand for its cloud networking gear from a boom in artificial intelligence applications and chips.

 Cloud networking solutions provider Arista Networks forecast current-quarter adjusted gross margin below market expectations on Monday, overshadowing its quarterly profit beat and sending its shares down around 6% in extended trading.

Arista Networks logged higher top- and bottom-line results in the latest quarter, signaling that demand for cloud and artificial-intelligence offerings remains strong.