Arista Networks (ANET -8.17%) stock is heading lower in Wednesday's trading. The networking technologies company's share price was down 7.3% as of 10:30 a.m.
ANET's top line benefits from steady customer growth across several end markets. Its focus on product innovation and AI integration is another tailwind.
Jim Cramer explains why he's keeping an eye on shares of Arista Networks.
The networking equipment company easily beat quarterly estimates for earnings and sales.
Here's our initial take on Arista Networks' (ANET 3.92%) fourth-quarter financial report.
Arista Networks (ANET 3.92%) stock is performing relatively well as demand for artificial intelligence soars.
Arista Networks had an impressive 2024, but the current valuation at 32x forward non-GAAP operating profits makes it less enticing. Despite strong AI networking prospects, much of ANET's growth is already priced in, with operating margins showing signs of compression. ANET's balance sheet flexibility is notable, but the risk-reward balance doesn't justify a bullish stance at this valuation.
Arista Networks Inc (NYSE:ANET ) Q4 2024 Earnings Conference Call February 19, 2025 4:30 PM ET Company Participants Rudolph Araujo - Investor Advocacy Jayshree Ullal - Chairperson and Chief Executive Officer Chantelle Breithaupt - Chief Financial Officer John McCool - Chief Platform Officer, Senior Vice President of Engineering and Operations Conference Call Participants Michael Ng - Goldman Sachs Amit Daryanani - Evercore Tim Long - Barclays Ben Reitzes - Melius Meta Marshall - Morgan Stanley Aaron Rakers - Wells Fargo Atif Malik - Citi Samik Chatterji - JPMorgan Ben Bollin - Cleveland Research Ryan Koontz - Needham & Company Simon Leopold - Raymond James Tal Liani - Bank of America Antoine Chkaiban - New Street Research Matt Niknam - Deutsche Bank David Vogt - UBS Karl Ackerman - BNP Paribas Sebastian Naji - William Blair Operator Welcome to the Fourth Quarter 2024 Arista Networks Financial Results Earnings Conference Call. During the call, all participants will be in a listen-only mode.
Arista Networks (ANET) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.52 per share a year ago.
Arista Networks (ANET) reported fourth-quarter results that beat analysts' estimates, and offered a better-than-expected outlook.
Arista Networks forecast first-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.
Arista Networks (ANET) will report earnings after the closing bell. The company's stock tumbled with the majority of A.I.