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, ...

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying stocks that can fulfill this potential is challenging [1] Group 1: Company Overview - Arista Networks (ANET) is currently highlighted as a recommended growth stock by the Zacks Growth Style Score system, which evaluates a company's genuine growth prospects [2] - The company has a historical EPS growth rate of 34.1%, with projected EPS growth of 19.4% this year, surpassing the industry average of 16.9% [4] Group 2: Financial Metrics - Arista Networks exhibits a year-over-year cash flow growth of 47.4%, significantly higher than the industry average of -18.7% [5] - The company's annualized cash flow growth rate over the past 3-5 years stands at 27.1%, compared to the industry average of -1% [6] Group 3: Earnings Estimates - The current-year earnings estimates for Arista Networks have been revised upward, with the Zacks Consensus Estimate increasing by 0.6% over the past month [8] - The combination of a Growth Score of B and a Zacks Rank of 2 indicates that Arista Networks is a strong candidate for growth investors [9]

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 ...

Uttam is a growth-oriented investment analyst whose equity research primarily focuses on the technology sector. Semiconductors, Artificial Intelligence and Cloud software are some of the key sectors that are regularly researched and published by him. His research also focuses on other areas such as MedTech, Defense Tech, and Renewable Energy. In addition, Uttam also authors The Pragmatic Optimist Newsletter along with his wife, Amrita Roy, who is also an author on the newsletter as well as on this platform. ...

The November to April period has been good for stocks, with the S&P 500 climbing almost 7% on average and rising a meager 2% from May to October since World War II. November, in itself, has been one of the best-performing months for stocks. This year will be no different since the Federal Reserve’s dovish stance, steady economic growth and solid consumer spending amid a resilient labor market are expected to trounce short-term volatility emerging from the upcoming election.Thus, investors can take advantage ...

For Immediate ReleasesChicago, IL – October 29, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Arista Networks Inc. (ANET) , Altice USA, Inc. (ATUS) and Qualcomm Inc. (QCOM) .Here are highlights from Tuesday’s Analyst Blog:3 Telecom Stocks Likely to Outpace Q3 Earnings EstimatesWith a fast-track 5G rollout and in ...

With a fast-track 5G rollout and increased fiber densification, driven by a rising user propensity to stay abreast of the latest digital innovations, telecom stocks witnessed healthy demand trends in the third quarter of 2024. Despite price volatility due to elevated customer inventory levels, high capital expenditures for infrastructure upgrades, margin erosion, geopolitical conflicts and raging wars, the industry seemed to benefit from higher demand for scalable infrastructure for seamless connectivity am ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...