Arista (ANET) Beats Q4 Earnings Estimates on Solid Revenues

Arista Networks, Inc. (ANET) reported healthy fourth-quarter 2023 results, with solid revenues driven by robust demand trends. Easing supply chain woes and steady customer additions backed by the company’s best-in-class portfolio strength ensured a top-line expansion year over year. Both the bottom and the top lines beat the respective Zacks Consensus Estimate.Net IncomeGAAP net income in the reported quarter improved to $613.6 million or $1.92 per share from $427.1 million or $1.35 per share in the year-ag ...