Exhibit 99.1 Arista Networks, Inc. Reports First Quarter 2024 Financial Results Board of Directors Authorizes Additional $1.2B Stock Repurchase Program SANTA CLARA, Calif.- May 7, 2024 -- Arista Networks, Inc. (NYSE: ANET), an industry leader in data-driven, client to cloud networking for large data center/AI, campus and routing environments, today announced financial results for its first quarter ended March 31, 2024. First Quarter Financial Highlights "Arista is off to a strong start to 2024 with solid fi ...

Arista Networks, Inc.’s (ANET) shares have witnessed a steady uptrend over the past year, barring minor hiccups, driven by improved market demand across its portfolio on the back of a flexible business model and solid cash flow.Arista continues to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. It is well-poised for growth ...

Big Tech Quarterly Results - Most big tech companies, excluding Nvidia, have reported Q1 results [1] - Nvidia's earnings release is scheduled later in the month [1] - Two cloud leaders, Arista Networks and Twilio, are set to report Q1 results on May 7 [1] Arista Networks (ANET) - Arista Networks' stock has grown over +100% in the last year and +18% year-to-date [2] - The company has surpassed Zacks EPS Consensus in every quarter since its IPO in 2014 [2] - Q1 earnings are projected to soar 21% to $1 74 per share vs $1 43 in the comparative quarter [2] - Zacks Expected Surprise Prediction (ESP) indicates Q1 EPS could reach $1 81, 4% above consensus [2] - Q1 sales are expected to rise 15% to $1 55 billion [2] - Arista Networks has surpassed top-line expectations for 17 consecutive quarters since February 2020 [2] Twilio (TWLO) - Twilio has surpassed earnings expectations for 20 consecutive quarters [4] - Q1 EPS is expected to climb 27% to $0 60 compared to $0 47 in the comparative quarter [4] - Q1 sales are expected to be up 2% to $1 03 billion [4] - Twilio has surpassed sales estimates in every quarter since its IPO in 2016 [4] - Over the last year, Twilio's stock is up +16% despite dipping -16% in 2024 [4] Investment Considerations - Arista Networks and Twilio are ideal stocks for investors seeking steady growth [5] - Both companies have a long track record of exceeding expectations [5] - Their consistency makes them attractive ahead of earnings reports [5] - Favorable guidance could lead to stock price increases [5]

Investors are always looking for stocks that are poised to beat at earnings season and Arista Networks, Inc. (ANET) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Arista is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good ...

We are in the second-half of the first-quarter earnings season. This week is the second busiest of this reporting cycle, as more than 1,900 companies are slated to report their quarterly financial numbers. Earnings results are so far better than expected.Meanwhile, a few U.S. corporate bigwigs are set to beat on earnings this week. A handful of them currently carry a favorable Zacks Rank. The combination of a favorable Zacks Rank and an earnings beat should drive their stock prices in the near term.As of Ma ...

In the latest trading session, Arista Networks (ANET) closed at $255.21, marking a -0.53% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.34% for the day. On the other hand, the Dow registered a gain of 0.23%, and the technology-centric Nasdaq decreased by 0.33%.The cloud networking company's shares have seen a decrease of 11.79% over the last month, not keeping up with the Computer and Technology sector's loss of 4.23% and the S&P 500's loss of 4.05%.The invest ...

ROSWELL, Ga., May 1, 2024 /PRNewswire/ -- Dispersive, a leading provider of secure networking solutions, today announced the appointment of Rahul Kashyap, a highly respected cybersecurity industry leader, to its board of directors. Kashyap brings a wealth of experience and expertise to Dispersive, further strengthening the company's position in the rapidly evolving cybersecurity landscape. Dispersive offers a revolutionary approach to networking, enabling organizations to securely connect digital applicatio ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Arista Networks (ANET) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.Arista Networks is one of 618 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. T ...

eBay (EBAY) is scheduled to report its first-quarter 2024 results on May 1.The company has been benefiting from its expanding product offerings to enhance buyer and seller experience. Its growing focus across advertising, Motors Parts & Accessories, luxury goods and financial services offerings is expected to have continued driving its top-line growth in the to-be-reported quarter.Continued momentum in its advertising business, owing to strength in its cost-per-click unit and increased demand for its first- ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Arista Networks (ANET) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Arista Networks currently ...