Arista Networks Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Arista Networks, Inc. (NYSE:ANET) is anticipated to report higher Q4 earnings on Feb. 12, 2024, with expected earnings of $1.70 per share compared to $1.41 per share year-over-year, and projected revenue of $1.53 billion versus $1.28 billion. Following better-than-expected Q3 results and positive Q4 revenue guidance, ANET shares increased by 2.4%. Analysts from Wells Fargo, JMP Securities, Melius Research, Morgan Stanley, and Piper Sandler have recently updated their ratings and price targets for ANET, reflecting a positive outlook.
February 12, 2024 | 7:19 am
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Arista Networks is expected to report higher Q4 earnings with a positive adjustment in analyst ratings and price targets, indicating a strong performance and optimistic future outlook.
The expected increase in Q4 earnings, combined with recent positive adjustments in analyst ratings and price targets, suggests a strong performance and optimistic future outlook for Arista Networks. The company's better-than-expected Q3 results and positive Q4 revenue guidance further support this positive sentiment, likely leading to a short-term positive impact on ANET's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100