Exhibit 99.1 Arista Networks, Inc. Reports Second Quarter 2024 Financial Results SANTA CLARA, Calif.- July 30, 2024 -- Arista Networks, Inc. (NYSE: ANET), an industry leader in data-driven, client-tocloud networking for large AI, data center, campus and routing environments, today announced financial results for its second quarter ended June 30, 2024. Second Quarter Financial Highlights "On the heels of our June celebration of 10 years as a public company, I would again like to thank our customers, employee ...

The artificial intelligence era is proving to be quite lucrative for big data companies. In addition to providers of data storage services, firms that specialize in analyzing huge amounts of unstructured data are getting a big boost from the proliferation of AI.Moreover, large language models, which enable AI apps to be built and assist AI systems with understanding human writing and speech, require large amounts of data to be created. Consequently, firms with large amounts of such data have an important co ...

Arista Networks, Inc. (ANET) is scheduled to report second-quarter 2024 results on Jul 30, after the closing bell. In the last reported quarter, the company reported an earnings surprise of 14.37%.The company is expected to have registered higher revenues from the Service segment, driven by healthy demand trends. Management’s effort to expand its portfolio to cater to advanced use cases is a positive.Factors at PlayIn the second quarter, Arista introduced the Multi-Domain Segmentation Service to improve ent ...

Arista Networks, Inc. (ANET) is scheduled to report second-quarter 2024 results on Jul 30, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 14.37%. The company is expected to have earned higher revenues from the product segment, backed by growing demand for its Etherlink portfolio and a strong focus on innovation.Factors at PlayIn the second quarter, Arista launched its Etherlink AI platforms for optimal network performance across the most demanding AI work ...

John Lamb Arista Networks (NYSE:ANET) is positioned for a strong eFY24 as the network equipment industry takes a turn into bullish territory. With management’s q1’24 beat and raise, customers’ digestion of their equipment inventory builds, and the drive to build out the networking component to cater to the high-speed demands of AI/ML, I believe Arista is in the beginning phase of the next cycle and should realize significant top-line growth and margin expansion. Arista will be reporting q2’24 earnings r ...

U.S. economic growth in the second quarter beat estimates on robust consumer outlays. All at once, receding inflationary pressure has paved the way for an interest rate cut as early as fall. This has opened the door to a Goldilocks economy, which bodes well for growth-oriented tech stocks. Economic Growth Faster Than ExpectedUS GDP registered an annualized growth of 2.8% in the second quarter, per the advance estimate of the Bureau of Economic Analysis, which is above analysts’ expectations of 2%. The secon ...

Arista Networks, Inc. (ANET) is scheduled to report second-quarter 2024 earnings on Jul 30. The Zacks Consensus Estimate for revenues and earnings is pegged at $1.64 billion and $1.94 per share, respectively.Earnings estimates for Arista have improved from $7.49 per share to $7.93 for 2024 and from $8.47 per share to $8.93 for 2025 over the past 90 days.ANET Estimate TrendImage Source: Zacks Investment ResearchEarnings Surprise HistoryThe communications components provider delivered a four-quarter earnings ...

Just as the ancient Roman Empire was powered by human labor deployed in agriculture, the modern era relies on semiconductors to power the digital age. This makes investing in semiconductor stocks an easy proposition, as it is investing in the civilization itself.Globally, the semiconductor stocks market is headed for a 10% CAGR by 2029 at $980.80 billion, according to Statista Market Insights. In the meantime, investors should put these stocks on a watchlist, if they haven’t already. Let’s explore three top ...

投资逻辑 公司是高速以太网交换机龙头厂商,自研 EOS 操作系统,提供交 换机白盒方案。公司凭借生态优势导入数据中心客户实现快速增 长。我们认为公司有望充分受益 AI 趋势。以太网有望在 AI 获得 广泛应用。以太网端口速度、线缆带宽更高,在大规模集群较 Infiniband 有优势。以太网是公开协议,有望受益大规模训练集 群的部署、非英伟达 AI 芯片训练组网及推理。根据博通 24 年 6 月业绩会,网络通信硬件在 GPU 集群成本占比已从 20%提升至约 1/3,在年底有望升至 40%,博通认为 25 年所有的超大规模集群都 将采用以太网。根据 Semianalysis,10 万 H100 集群需要超 3000 个搭载 Tomahawk5 的交换机。根据公司,24 年全球数据中心以太 网交换机市场约 160 亿美元,28 年将超 210 亿美元。 凭借高速交换机市场市占率提升及市场增长,公司营收 22、23 年 同比+48.6%、+33.8%。公司高速交换机市场已有较高份额,未来 提升空间有限,叠加产品换代周期,公司指引 24 年营收增长 12%~14%,24Q1 公司营收 15.7 亿美元,同比+16. ...

The market expects Arista Networks (ANET) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be releas ...