Arista Networks Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Arista Networks, Inc. (ANET) is set to release its Q1 earnings after the market closes on May 7, with expectations of earnings per share at $1.75, up from $1.43 the previous year, and revenue projected at $1.55 billion, up from $1.31 billion. Following a year-over-year revenue increase of 20.8% in Q4, shares rose 1.6% to $278.82. Analysts from Jefferies, JP Morgan, Goldman Sachs, Barclays, and Wells Fargo have recently upgraded their price targets for ANET, indicating a positive outlook.
May 07, 2024 | 1:52 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Arista Networks is anticipated to report strong Q1 earnings with a significant year-over-year increase in both earnings per share and revenue. Analyst upgrades and raised price targets suggest a bullish outlook.
The anticipation of strong Q1 earnings, coupled with recent analyst upgrades and increased price targets, indicates a positive short-term impact on ANET's stock price. The company's performance in Q4 and the subsequent share price increase further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100