Arista Networks Q4 EPS $2.08 Beats $1.70 Estimate, Sales $1.54B Beat $1.53B Estimate
Portfolio Pulse from Happy Mohamed
Arista Networks (ANET) reported Q4 earnings of $2.08 per share, surpassing the $1.70 estimate, marking a 47.52% increase from last year. Sales reached $1.54B, exceeding the $1.53B estimate, up 20.72% from the previous year.
February 12, 2024 | 9:05 pm
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POSITIVE IMPACT
Arista Networks reported a significant beat on both earnings and sales estimates for Q4, with a notable year-over-year growth.
Beating both earnings and sales estimates by a significant margin, especially with a substantial year-over-year growth, typically leads to positive investor sentiment and could drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100