Able to impressively exceed their Q3 expectations, a few top-rated tech stocks are standing out in what has been an exciting trading week. With markets seeing a post-election boost and the Fed implementing another rate cut of 25 basis points, here are two intriguing tech stocks to consider after posting favorable Q3 results on Thursday. Arista Networks - ANET Zacks Rank #1 (Strong Buy) Cloud provider Arista Networks (ANET) is one of the hottest tech stocks soaring over +70% year to date and sitting on +200% ...

Arista Networks, Inc. (ANET) reported strong third-quarter 2024 results, with revenues and adjusted earnings soaring year over year, driven by robust demand trends. Innovative product launches and steady customer additions backed by the company’s best-in-class portfolio strength ensured top-line expansion, while steady margin improvement contributed to earnings growth. Both the bottom and the top lines beat the respective Zacks Consensus Estimate. Find the latest EPS estimates and surprises on Zacks Earning ...

Arista Networks Inc (NYSE:ANET) stock is down 5.8% at $405.83 at last glance, despite the company's better-than-expected third-quarter results -- including an earnings beat and record revenue -- due to shrinking margins. The computer networking firm also announced a four-for-one stock split, effective Dec. 3, and upbeat current-quarter guidance. Today's price movement could also be a slight correction after the stock's recent rally, which culminated in a record high of $431.97 last session. Year to date, th ...

Arista Networks, Inc. (NYSE:ANET) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Liz Stine - Director of Investor Relations Jayshree Ullal - Chairperson & Chief Executive Officer John McCool - Chief Platform Officer & Senior Vice President of Engineering and Operations Chantelle Breithaupt - Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Antoine Chkaiban - New Street Research Tal Liani - Bank of America Simon Leopold - Raymond James Ben Re ...

Arista Networks (ANET) came out with quarterly earnings of $2.40 per share, beating the Zacks Consensus Estimate of $2.09 per share. This compares to earnings of $1.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.83%. A quarter ago, it was expected that this cloud networking company would post earnings of $1.94 per share when it actually produced earnings of $2.10, delivering a surprise of 8.25%.Over the last four quarte ...

Arista Networks (ANET) shares tumbled in extended trading Thursday as the company reported shrinking margins, despite profits that topped Wall Street’s expectations. The cloud networking giant saw third-quarter revenue grow 7% year-over-year to $1.81 billion, above the analyst consensus from Visible Alpha. Net income came in at $747.9 million or $2.33 per share, up from $545.3 million or $1.72 per share a year earlier and above projections. However, Arista's gross margin in the third quarter was 64.2%, dow ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------|-------------------------------------------------- ...

Exhibit 99.1 Arista Networks, Inc. Reports Third Quarter 2024 Financial Results SANTA CLARA, Calif.- November 7, 2024 -- Arista Networks, Inc. (NYSE: ANET), an industry leader in data-driven, client-to-cloud networking for large AI, data center, campus and routing environments, today announced financial results for its third quarter ended September 30, 2024. Third Quarter Financial Highlights "Arista remains at the forefront of next generation centers of data across client-to-cloud and AI focused locations, ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores sy ...

The AI story continues to grip investors, with many seeking exposure over the last year.Two stocks involved in the frenzy, Arista Networks (ANET) and Arm Holdings (ARM) , are on the reporting docket for this week. Both stocks have enjoyed bullish price action year-to-date, widely outperforming relative to the S&P 500.Image Source: Zacks Investment ResearchLet’s take a closer look at expectations for each heading into their respective releases.Arista Sees Profitability Boost Arista Networks, a Zacks Rank #1 ...