Arista Networks Posts Better-Than-Expected Revenue, Outlook
Arista Networks (ANET) reported fourth-quarter results that beat analysts’ estimates, and offered a better-than-expected outlook. The cloud networking company posted fourth-quarter revenue of $1.93 billion, up 7% year-over-year, and above the analyst consensus tracked by Visible Alpha. Arista's adjusted earnings rose to $830.1 million, or 65 cents per share, from $664.3 million, or 52 cents per share, a year earlier, topping projections. CFO Chantelle Breithaupt said Arista's results allowed the company t ...